Something tells me there is a disconnect between what the public wants and what Congress will do. As usual I think Congress will do the wrong thing and not deliver.
While they holler Socialism, and cost, they forget that they get their salary and health care for life, I say take it from them.
Why Dow plunged 281 points on March 5, 2009 because Obama dismissed criticism that his administration is taking on too much at once and that now is not the time to tackle health care reform, because of the nation’s struggling economy. Obama has a plan to make funds $650 Billion for Health Care System for 15 Millions American who don’t have Health Insurance. Do you know how many illegal immigrants who don’t pay taxes, but take medical advantages from states Government largely have lived in America ? They are more 15,000,000 including Obama’s Auntie who has lived at Boston in America. We should IMPEACH Obama/Nancy Pelosi/Harry/Tim before America go to bankruptcy.
Why Dow plunged 281 points on March 5, 2009 because Obama dismissed criticism that his administration is taking on too much at once and that now is not the time to tackle health care reform, because of the nation’s struggling economy.
****************************************
BS.
13 trillion GDP; 13 trillion consumer debt. Last time that Consumer Debt equaled GDP was 1929. Your are broke that is why the stock market has tanked.
Sharon:
Do you know how many American CITIZENS pay their taxes but can’t afford basic health insurance?
And meanwhile the Wall Street CEO’s rob this country and compete to see who can be the greediest?
YOU CALL THAT AMERICA?
We should have impeached Bush and his Republican cronies, but now at least we can fix the system so that it works for ALL AMERICANS.
GOD BLESS PRESIDENT OBAMA.
Posted by: R Mutt | March 5, 2009, 11:34 pm 11:34 pm
“13 trillion GDP; 13 trillion consumer debt. Last time that Consumer Debt equaled GDP was 1929. Your are broke that is why the stock market has tanked.”
I have to admit, it is an interesting idea, but it could be coincidence.
I think it’s just as likely that the markets were so over-inflated during the housing bubble that they are still re-adjusting. That and Wall St. really wants the government to buy up all the toxic loans but they aren’t cooperating.
Politicians are working on a plan. What could go wrong?
Posted by: mad | March 5, 2009, 11:53 pm 11:53 pm
I have to admit, it is an interesting idea, but it could be coincidence.
***************************************
Interesting idea? We are in debt for all the money our economy produces in a year, but here is the kicker we do not get all that money. We are broke, we stopped spending, we can not borrow anymore money. It is not an idea it is fact.
Posted by: Thinking | March 6, 2009, 12:03 am 12:03 am
think it’s just as likely that the markets were so over-inflated during the housing bubble that they are still re-adjusting. That and Wall St. really wants the government to buy up all the toxic loans but they aren’t cooperating.
***************************************
That part I have to agree with you.
Posted by: Thinking | March 6, 2009, 12:05 am 12:05 am
I find it rude to use the Hillary Care that was created by people that were fighting against her efforts, such as nation of whiners, Foreclosure Phil Gramm, and John McCain.
Taking on Too Much – No
We are making up for decades of inaction – our health care is also in a crisis. any actions taken now will take years to implement.
just like the energy crisis that we ignored since the early 1970s
Do we always have to wait until it is a crisis or possibly too late – bank crisis?
Posted by: Jim W | March 6, 2009, 12:29 am 12:29 am
I want the same health care that Congress use!!!!!
I want and need it NOW!!!!!!!
Posted by: sisterdearest09 | March 6, 2009, 12:55 am 12:55 am
General Secretary Obama:”This is the Oregon health care system on a national scale. A system were if you have a life threatening disease and they don’t see any reason you should live longer they WON’T PAY FOR THE TREATMENTS. ”
Uh, how is this any different from every defined benefit private insurance plan in existence currently? And how is this POSSIBLY worse than having absolutely no coverage, like tens of millions of Americans? Rationing already exists under every insurance plan I’ve belonged to. You should try to find a new boogie man.
Posted by: jhw539 | March 6, 2009, 12:57 am 12:57 am
sisterdearest09
Obama was well intentioned but you know what they say abotu good intentions… the campaign promises of “the same health care Congress gets” is unrealistic John Edwards tried that and he was proven to be a phony it was a gimmick we just want the health insurance companirs to be less greedy and employers be madated to help pay for it not pay for the whole thing. Thats the way it was in the old days say around 1999 when President Clinton was in office
Posted by: JG | March 6, 2009, 1:08 am 1:08 am
I think something is wrong with Mr. Obama. He is so reckless – 40 millions here, 500 billions there, 60 billions to the left, 75 billions to the right, 575 million to this program, 900 billions to that programs.
Posted by: young_voter | March 6, 2009, 1:18 am 1:18 am
Enough government,Enough spending,enough taxing.Wake up. The country is out of money. Spend only what you have and no more. Americans are watching and they will be voting again for all new leadership.
Posted by: S. Henke | March 6, 2009, 1:23 am 1:23 am
anyone see the story about the teleprompter…how it gets in the way of live broadcasts and reporters because the President has to take it everywhere and use it in every speech… even Bush was smart enough to learn a speech from Notecards! As Rev Wright said, the chickens have come home to roost!
Posted by: JG | March 6, 2009, 1:31 am 1:31 am
SHenke
why doesnt someone in the govt namely the president admit that we will be borrowing money on a larger scale than ever before from asia …just printing more dollars is turning us into mexico or venezuela … heard a conversation in a restaurant this morning where an apparent illegal justg came back across the border after taking US Greenbacks south of the border because $7 goes for $700 there!
Posted by: JG | March 6, 2009, 1:35 am 1:35 am
general secretary
Well put! You remember when W first became president all of the presidents staff busted out laughing when Bush stumbled over a word…these new people are afraid to fail but they have been put in a no win situation even Paul Krugman has a column on RCP that wonders what Geithner is up to!
Posted by: JG | March 6, 2009, 1:43 am 1:43 am
General Sec
1:42 is still a lot of money it was 1:9 French Francs when I was there 15 yrs ago
Posted by: JG | March 6, 2009, 1:50 am 1:50 am
general secretary
yea I guess thats exactly what that guy was saying I tried not to listen but I caught the jist of it…so needless to say theres something wrong with that picture!
Posted by: JG | March 6, 2009, 2:14 am 2:14 am
General Secretary Obama:”Well if it isn’t any different how can you possibly justify his to your grandchildren and great grandchildren? ”
Don’t be foolish. Just because they share the same disadvantage (surprise – health care resources aren’t infinite and have to be rationed, what a shock!) doesn’t mean they are identical. Universal care is proven to be more efficient and lower cost (and every study strongly suggests it improves average quality of life). It is FAR cheaper to give away $20 of antibiotics rather than wait 2 weeks and have a simple infection case take up $20000 worth of ICU care.
Posted by: jhw539 | March 6, 2009, 2:23 am 2:23 am
jhw539
Knowitalls are just out of style these days so if you think that telepromter man is doing anything for you, you should be madest because he hasnt done what you think he would do
Posted by: JG | March 6, 2009, 2:30 am 2:30 am
No doubt health care reform needs to be tackled. Like everyone else in this country, I’m wondering why does it have to be jammed in with the Stimulus/Recovery package? This does not increase consumer or Wall Street confidence. The White House needs to be directly addressing economic crisis without being sidetracked. Each day, they need to be monitoring the stock market, joblessness, housing, and other indices. Congress needs to get a reality check. It’s not a rocket science, that everyone is hit hard. In particular, the Seniors are facing survival issues since their retirement and 401K funds have diminished. For all the White House Economic, Health Care Summits and etc, it would be nice if they would include folks with pulse on reality.
Posted by: Sue | March 6, 2009, 4:28 am 4:28 am
Obama has sold out on several issues. He needn’t look for my vote next time nor should the democratic party look for my money.
Posted by: jan | March 6, 2009, 5:38 am 5:38 am
There is a time for everything.
This is not the time for health care reform. This is time for fixing the economy. Anyone can see that the lack of focus on the ECONOMY is causing the stock market to tank. I am sorry that 0bomba doesn’t think it is more meaningful than “polls,” but frankly, he doesn’t know what he is talking about.
Posted by: beebop | March 6, 2009, 6:56 am 6:56 am
A nice, polite start means nothing for the long-term. The industry, Republicans and even moderate Dems will always balk at the cost ad the very premise Obama is pushing.
Posted by: matt | March 6, 2009, 7:37 am 7:37 am
It was very unHillary but the criticism from many who attended was that it lacked substance. Basically it seemed like an extension of a campaign and focused primarily and mostly on style.
Posted by: Bob | March 6, 2009, 7:50 am 7:50 am
Obama needs to focus on the economy first. His social policies are throwing gasoline on the fire of this collapsing economy, while he smugly pushes his radical social agenda.
To forward this health care agenda he uses flagrantly lying talking points (perhaps this is one Jake should use for his ongoing talking point discredited).
Obama claims 1 family goes bankrupt every 30 seconds due to health care costs.
The study he used has been discredited over and over. If a family member died leading to a bankruptcy that was considered a “health event” and counted in this 30 second bankrupt measure. If someone who went bankrupt also had $1000 or more in medical bills outstanding they were counted, even if this was their smallest debt.
This was debunked in new studes that are more elegant than my explanation but the point is:
Obama is lying and scaring people to pass his agenda. He is fiddling while Rome burns.
He needs to focus on the economy and then, if we can afford health care for illegals we should have that discussion. NOT NOW
Posted by: BO Needs to Go | March 6, 2009, 9:00 am 9:00 am
“Obama is lying and scaring people to pass his agenda. He is fiddling while Rome burns.”
Whatever you might think of Obama’s plans he is certainly not ‘fiddling’ [doing nothing relevant]. He’s been incredibly busy ever since he got in office.
Posted by: Skip | March 6, 2009, 9:11 am 9:11 am
Skip:Whatever you might think of Obama’s plans he is certainly not ‘fiddling’ [doing nothing relevant]. He’s been incredibly busy ever since he got in office.
————————
I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.
His social policies are throwing gasoline on the fire of this collapsing economy, while he smugly pushes his radical social agenda.
Every time he makes a move, leading to generations of debt spending, cap and trade- leading to skyrocketing energy costs for everyone, increased welfare, increased taxes… THE MARKET TANKS.
Right now the job losses and loss of trillions in savings is priority one.
His stimulus bill, by the scoring of his own congressional budget office, will delay the recovery.
So don’t tell me it was relevant. It is one of his bonehead moves that caused a market dive.
The Market and Job losses speak for themselves.
Posted by: BO Needs to Go | March 6, 2009, 9:16 am 9:16 am
From The Wall Street Journal:
Obama’s Radicalism Is Killing the Dow
A financial crisis is the worst time to change the foundations of American capitalism.
Posted by: Peace Train | March 6, 2009, 9:21 am 9:21 am
I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.
—————
I agree. When tax cheat, miracle economist , Tim Geithner was testifying before congress he descended into a lecture on energy companies and global warming????
This is the guy Obama hired to deal with the economy and he too is distracted and seemingly angry over this personal agenda item.
They need to deal with the job at hand.
Is it any wonder that things have gotten worse not better since Obama election.
Posted by: MNM | March 6, 2009, 9:21 am 9:21 am
“I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.”
What are you talking about? The entire stimulus bill was meant to deal with the economy. You may not like it but it is far from just fiddling. I also think the markets were ridiculously over-inflated during the housing bubble and have to come down anyway. Blaming them on Obama is just convenient.
Posted by: Skip | March 6, 2009, 9:26 am 9:26 am
Skip:What are you talking about? The entire stimulus bill was meant to deal with the economy. You may not like it but it is far from just fiddling. I also think the markets were ridiculously over-inflated during the housing bubble and have to come down anyway. Blaming them on Obama is just convenient.
———-
As I wrote in my response, Obama’s own congressional budget office, hired by Nancy Pelosi, said the stimulus bill would likely delay the recovery.
They knew this before they passed it.
The same CBO claimed less than 1/3 of the bill was stimulus by that I mean jobs and infrastructure..which is how THEY defined stimulus.
This bill also focused on many items that we can argue over but they were not stimulative, by his own budget office.
There were social programs and payoffs to special interests that last a decade, but not stimulus.
The same congressional budget office scored the alternate plan the republicans presented and claimed it would create twice the jobs at half the cost.
The stimulus bill was about stimulating democrats long term viability. The economy, 1/3 of this bill was an afterthought.
Why do you think they raced to pass it before anyone, by their own admission, read it.
Posted by: BO Needs to Go | March 6, 2009, 9:33 am 9:33 am
Skip ask yourself: If this $789 Billion package is designed to stimulate the economy, why is so much of the spending 2-3 years or more down the road?
President Obama and the Liberal Democrats are more interested in ramming through their socialist policies then stimulating the economy. Why should they stimulate the economy when they know that they have a better chance of passing their agenda during economic turmoil? Remember it was President Obama’s Chief of Staff, Rahm Emanuel who said, “Never allow a crisis to go to waste. They are opportunities to do big things.”
Posted by: James Danley | March 6, 2009, 10:13 am 10:13 am
I find it rude to use the Hillary Care that was created by people that were fighting against her efforts, such as nation of whiners, Foreclosure Phil Gramm, and John McCain.
JimW,
Another person trying to rewite history!!!! Democrats were also against That healthcare plan.
The REAL question here is will the Obama Plan actually take any input from this so-called “summit”. The odds are the plan is already in the bag and this is nothing more than nice window dressing for everyone to enjoy!
Posted by: Mike_C | March 6, 2009, 10:51 am 10:51 am
James Danley, you are pushing a myth that has been debunked for months. What you are referring to was an analysis of an earlier provision that constituted only a fraction of the bill. Updated CBO reports tell the truth: the vast majority of the money will be spent in 2009/2010, during which time CBO economic models expect to see a significant boost in economic growth. Please update your talking points. Their inaccuracy only reflects poorly on you.
Posted by: Klaus | March 6, 2009, 10:55 am 10:55 am
“BO needs to go,”
You are not telling the truth, and I challenge you to produce the report that backs up the assertions you are making. The truth is that actual CBO reports have consistently stated that the vast majority of spending measures in the stimulus bill were far more conducive to economic growth than the tax cuts favored by Republicans.
Posted by: Klaus | March 6, 2009, 10:57 am 10:57 am
Also, your claim that the CBO said the bill would “delay” the recovery is a flat-out lie. Here are the facts from the CBO itself:
“The economic stimulus legislation pending in Congress would add between 1.2 and 3.6 percent to economic growth by the end of next year, according to the Congressional Budget Office. That’s compared to the CBO’s “baseline” forecasts, which predict growth without the legislation.
The legislation would also create between 1.3 million and 3.9 million jobs by the fourth quarter of 2010, compared to the baseline forecast.
The nation’s unemployment rate would be between 0.6 and 2 points lower than the baseline forecast of 8.7 percent by then, according to the CBO’s analysis.
While the analysis was linked to an earlier version of the stimulus bill passed by the Senate on Tuesday, the CBO says the estimates would be essentially the same.”
Until Republicans stop lying, the American people will not start listening. Enjoy your time in the political wilderness.
Posted by: Klaus | March 6, 2009, 11:02 am 11:02 am
Dear Klaus:You are not telling the truth, and I challenge you to produce the report that backs up the assertions you are making.
——————
YOU ARE SO WRONG. DEMS ALWAYS LIE. THE PROOF IS BELOW. THIS IS A NEWS ANALYSIS, NOT MINE!
Below is a link to the Wash. Times article. See for yourself. If link disappears you can search it by the title:
CBO: Obama stimulus harmful over long haul
Act fast Klaus, links disappear
Posted by: BO Needs to Go | March 6, 2009, 11:14 am 11:14 am
Jake,
could you please tell the White House,that right now, all I care is not lose my job..tell them worry about the job market and we will take care of our health care …the #1 issue is jobs and Obama seems to be clueless. I hardly leave comments on blogs, but I feel desperate to write to everyone I with any connection to the White House.
I voted for Obama, but he gave me the impression that he knows what he is talking about, but all he does is read off of the teleprompters!!!!
I don’t want a president just with “reading” ability, I want him to ACT and DO something.
Posted by: Malenie | March 6, 2009, 11:27 am 11:27 am
Melanie,
I hope that you did not vote for Obama. I do not see why anyone did. The man’s entire track record showed nothing but a good speaker who had no real experience in governing. What did you expect. Obama is words. Not action. He is a puppet for Pelosi, Soros and Reid
The NY Post in Charles Gasparino column had this to say yesterday:
“Thanks to all the class warfare produced by his boss, I’m told, Geithner can’t find qualified people from Wall Street (the folks who know markets better than anyone else) to help solve the crisis. Instead, one saddened Obama supporter from Wall Street told me, “He’s looking at a combination of bureaucrats and academics for these jobs.”
Posted by: Peace Train | March 6, 2009, 11:35 am 11:35 am
“BO Needs to Go,”
You elude to an article from the Washington Times (a paper ran by a fanatical right-wing cult), but I’m simply referring to the actual CBO report. Again, this is what the CBO had to say for themselves:
“The economic stimulus legislation pending in Congress would add between 1.2 and 3.6 percent to economic growth by the end of next year, according to the Congressional Budget Office. That’s compared to the CBO’s “baseline” forecasts, which predict growth without the legislation.
The legislation would also create between 1.3 million and 3.9 million jobs by the fourth quarter of 2010, compared to the baseline forecast.
The nation’s unemployment rate would be between 0.6 and 2 points lower than the baseline forecast of 8.7 percent by then, according to the CBO’s analysis.
While the analysis was linked to an earlier version of the stimulus bill passed by the Senate on Tuesday, the CBO says the estimates would be essentially the same.”
I’m sorry you can’t handle the truth. Maybe you should double check your “sources” next time.
Posted by: Klaus | March 6, 2009, 11:37 am 11:37 am
“BO Needs to Go,”
I Googled the article in question and it too directly contradicts your claim that the stimulus bill will delay the recovery process. In fact, the article explicitly says that it will help in the short term. This is a direct quote from your article:
“The agency projected the Senate bill would produce between 1.4 percent and 4.1 percent higher growth in 2009 than if there was no action. For 2010, the plan would boost growth by 1.2 percent to 3.6 percent. ”
The concern is that, a decade from now, the rate of growth will be marginally smaller, but this will be years after we have already recovered. With that said, what the Times neglects to point out is that despite a marginally smaller rate of growth occurring in a decade, we will see a much greater aggregate output from the significant boost in short-term growth. And the CBO report also says that the investments in education and infrastructure may, in fact, mean higher economic growth in the long term, but their economic model is not capable of taking such factors into consideration.
Again, your own sources demonstrate that your statements are not grounded in fact. That’s pretty sad.
Posted by: Klaus | March 6, 2009, 11:48 am 11:48 am
Klaus:You elude to an article from the Washington Times (a paper ran by a fanatical right-wing cult), but I’m simply referring to the actual CBO report. Again, this is what the CBO had to say for themselves:
=========
I reference it, it quotes and analyzes the ACTUAL CBO report. It is a well respected mainstream paper, but your description tells us more about you than this paper.
Kool-aid aside:
I understand dems like you will discount, twist and tweak, and take pieces out of context, such as your limited quoting of the CBO, but this article also gives us the CBO conclusions verbatim, The title:
“CBO: Obama stimulus harmful over long haul”
supported by the CBO report, speaks for itself.
Yelling and name calling is stock and trade for dems. That does not mean that whatever you scream loudest or longest is actually accurate. It may mean that you are not worth responding to in the future
Posted by: BO Needs to Go | March 6, 2009, 11:52 am 11:52 am
Obama is obviously not calming the markets. Quite the opposite is going on. I give Obama 6-12 months before he throws Geithner under the bus.
Gupta has withdrawn from consideration for Surgeon General.
Smart people stay far away from Obama.
Destroying private investment and individual wealth is sheer folly. A nation where half the population is on the dole and another 25% has lost everything won’t be talking about “privatizing” anything any time soon.
Taking the Dow Jones average down below 3,000 is a fine start– and on this Team Obama is succeeding mightily.
Posted by: Peace Train | March 6, 2009, 11:53 am 11:53 am
I love the way Obama is improving America’s image.
Those cheap DVD’s given to Gordon Brown should do the trick.
Obama is destroying America–he not only doesn’t have a clue but he has no class either.
I hope the world is waking up to this huge fraud.
“I would have guessed that he [Klaus]was a seminar online shill for one of the radical left groups.”
Klaus is posting actual analysis and you guys are just quoting opinions from right-wing newspapers like the New York Post? Come on! I’m sure Fox News agrees with your assertions too.
Posted by: Skip | March 6, 2009, 1:01 pm 1:01 pm
Klaus, to say that an earlier analysis by the CBO is a “myth” and has been “debunked” is hyperbole. It WAS the report. Having said that, I do stand corrected. The CBO analysis of the Conference Report dated Feb 13, 2009 estimates that 59% of the spending will be within the first two years (but that still leaves 41% to be spent over the next 5 years). Here are the estimated outlays by year:
Division A–Appropriations ($ Million)
2009 34.8
2010 110.7(47.2% spent in first two years)
2011 76.3
2012 38.1
2013 22.9
2014 12.8
2015 7.0
2016 3.1
2017 1.6
2018 0.8
2019 0.1
308.3
Division B–Direct Spending ($ Million)
2009 85.3
2010 108.6 (72% spent in first two years)
2011 49.9
2012 8.1
2013 7.4
2014 15.1
2015 4.7
2016 -4.7
2017 -4.1
2018 -1.9
2019 -1.4
267.0
Total Spending ($ Million)
2009 120.1
2010 219.3(59.0% spent in first two years)
2011 126.2
2012 46.2
2013 30.3
2014 27.9
2015 11.7
2016 -1.6
2017 -2.5
2018 -1.1
2019 -1.3
575.2
Posted by: James Danley | March 6, 2009, 1:30 pm 1:30 pm
ROFLMAO!
Right wingers keep citing their discredited media as proof!
You guys might as well just quote Rush as it carries the same weight.
Posted by: Ryan C | March 6, 2009, 2:24 pm 2:24 pm
Something tells me there is a disconnect between what the public wants and what Congress will do. As usual I think Congress will do the wrong thing and not deliver.
While they holler Socialism, and cost, they forget that they get their salary and health care for life, I say take it from them.
Posted by: Thinking | March 5, 2009, 10:57 pm 10:57 pm
Why Dow plunged 281 points on March 5, 2009 because Obama dismissed criticism that his administration is taking on too much at once and that now is not the time to tackle health care reform, because of the nation’s struggling economy. Obama has a plan to make funds $650 Billion for Health Care System for 15 Millions American who don’t have Health Insurance. Do you know how many illegal immigrants who don’t pay taxes, but take medical advantages from states Government largely have lived in America ? They are more 15,000,000 including Obama’s Auntie who has lived at Boston in America. We should IMPEACH Obama/Nancy Pelosi/Harry/Tim before America go to bankruptcy.
Posted by: Sharon | March 5, 2009, 11:11 pm 11:11 pm
Why Dow plunged 281 points on March 5, 2009 because Obama dismissed criticism that his administration is taking on too much at once and that now is not the time to tackle health care reform, because of the nation’s struggling economy.
****************************************
BS.
13 trillion GDP; 13 trillion consumer debt. Last time that Consumer Debt equaled GDP was 1929. Your are broke that is why the stock market has tanked.
Posted by: Thinking | March 5, 2009, 11:24 pm 11:24 pm
Sharon:
Do you know how many American CITIZENS pay their taxes but can’t afford basic health insurance?
And meanwhile the Wall Street CEO’s rob this country and compete to see who can be the greediest?
YOU CALL THAT AMERICA?
We should have impeached Bush and his Republican cronies, but now at least we can fix the system so that it works for ALL AMERICANS.
GOD BLESS PRESIDENT OBAMA.
Posted by: R Mutt | March 5, 2009, 11:34 pm 11:34 pm
“13 trillion GDP; 13 trillion consumer debt. Last time that Consumer Debt equaled GDP was 1929. Your are broke that is why the stock market has tanked.”
I have to admit, it is an interesting idea, but it could be coincidence.
I think it’s just as likely that the markets were so over-inflated during the housing bubble that they are still re-adjusting. That and Wall St. really wants the government to buy up all the toxic loans but they aren’t cooperating.
Posted by: Skip | March 5, 2009, 11:44 pm 11:44 pm
Politicians are working on a plan. What could go wrong?
Posted by: mad | March 5, 2009, 11:53 pm 11:53 pm
I have to admit, it is an interesting idea, but it could be coincidence.
***************************************
Interesting idea? We are in debt for all the money our economy produces in a year, but here is the kicker we do not get all that money. We are broke, we stopped spending, we can not borrow anymore money. It is not an idea it is fact.
Posted by: Thinking | March 6, 2009, 12:03 am 12:03 am
think it’s just as likely that the markets were so over-inflated during the housing bubble that they are still re-adjusting. That and Wall St. really wants the government to buy up all the toxic loans but they aren’t cooperating.
***************************************
That part I have to agree with you.
Posted by: Thinking | March 6, 2009, 12:05 am 12:05 am
I find it rude to use the Hillary Care that was created by people that were fighting against her efforts, such as nation of whiners, Foreclosure Phil Gramm, and John McCain.
Taking on Too Much – No
We are making up for decades of inaction – our health care is also in a crisis. any actions taken now will take years to implement.
just like the energy crisis that we ignored since the early 1970s
Do we always have to wait until it is a crisis or possibly too late – bank crisis?
Posted by: Jim W | March 6, 2009, 12:29 am 12:29 am
I want the same health care that Congress use!!!!!
I want and need it NOW!!!!!!!
Posted by: sisterdearest09 | March 6, 2009, 12:55 am 12:55 am
General Secretary Obama:”This is the Oregon health care system on a national scale. A system were if you have a life threatening disease and they don’t see any reason you should live longer they WON’T PAY FOR THE TREATMENTS. ”
Uh, how is this any different from every defined benefit private insurance plan in existence currently? And how is this POSSIBLY worse than having absolutely no coverage, like tens of millions of Americans? Rationing already exists under every insurance plan I’ve belonged to. You should try to find a new boogie man.
Posted by: jhw539 | March 6, 2009, 12:57 am 12:57 am
sisterdearest09
Obama was well intentioned but you know what they say abotu good intentions… the campaign promises of “the same health care Congress gets” is unrealistic John Edwards tried that and he was proven to be a phony it was a gimmick we just want the health insurance companirs to be less greedy and employers be madated to help pay for it not pay for the whole thing. Thats the way it was in the old days say around 1999 when President Clinton was in office
Posted by: JG | March 6, 2009, 1:08 am 1:08 am
I think something is wrong with Mr. Obama. He is so reckless – 40 millions here, 500 billions there, 60 billions to the left, 75 billions to the right, 575 million to this program, 900 billions to that programs.
Posted by: young_voter | March 6, 2009, 1:18 am 1:18 am
Enough government,Enough spending,enough taxing.Wake up. The country is out of money. Spend only what you have and no more. Americans are watching and they will be voting again for all new leadership.
Posted by: S. Henke | March 6, 2009, 1:23 am 1:23 am
anyone see the story about the teleprompter…how it gets in the way of live broadcasts and reporters because the President has to take it everywhere and use it in every speech… even Bush was smart enough to learn a speech from Notecards! As Rev Wright said, the chickens have come home to roost!
Posted by: JG | March 6, 2009, 1:31 am 1:31 am
SHenke
why doesnt someone in the govt namely the president admit that we will be borrowing money on a larger scale than ever before from asia …just printing more dollars is turning us into mexico or venezuela … heard a conversation in a restaurant this morning where an apparent illegal justg came back across the border after taking US Greenbacks south of the border because $7 goes for $700 there!
Posted by: JG | March 6, 2009, 1:35 am 1:35 am
general secretary
Well put! You remember when W first became president all of the presidents staff busted out laughing when Bush stumbled over a word…these new people are afraid to fail but they have been put in a no win situation even Paul Krugman has a column on RCP that wonders what Geithner is up to!
Posted by: JG | March 6, 2009, 1:43 am 1:43 am
General Sec
1:42 is still a lot of money it was 1:9 French Francs when I was there 15 yrs ago
Posted by: JG | March 6, 2009, 1:50 am 1:50 am
general secretary
yea I guess thats exactly what that guy was saying I tried not to listen but I caught the jist of it…so needless to say theres something wrong with that picture!
Posted by: JG | March 6, 2009, 2:14 am 2:14 am
General Secretary Obama:”Well if it isn’t any different how can you possibly justify his to your grandchildren and great grandchildren? ”
Don’t be foolish. Just because they share the same disadvantage (surprise – health care resources aren’t infinite and have to be rationed, what a shock!) doesn’t mean they are identical. Universal care is proven to be more efficient and lower cost (and every study strongly suggests it improves average quality of life). It is FAR cheaper to give away $20 of antibiotics rather than wait 2 weeks and have a simple infection case take up $20000 worth of ICU care.
Posted by: jhw539 | March 6, 2009, 2:23 am 2:23 am
jhw539
Knowitalls are just out of style these days so if you think that telepromter man is doing anything for you, you should be madest because he hasnt done what you think he would do
Posted by: JG | March 6, 2009, 2:30 am 2:30 am
No doubt health care reform needs to be tackled. Like everyone else in this country, I’m wondering why does it have to be jammed in with the Stimulus/Recovery package? This does not increase consumer or Wall Street confidence. The White House needs to be directly addressing economic crisis without being sidetracked. Each day, they need to be monitoring the stock market, joblessness, housing, and other indices. Congress needs to get a reality check. It’s not a rocket science, that everyone is hit hard. In particular, the Seniors are facing survival issues since their retirement and 401K funds have diminished. For all the White House Economic, Health Care Summits and etc, it would be nice if they would include folks with pulse on reality.
Posted by: Sue | March 6, 2009, 4:28 am 4:28 am
Obama has sold out on several issues. He needn’t look for my vote next time nor should the democratic party look for my money.
Posted by: jan | March 6, 2009, 5:38 am 5:38 am
There is a time for everything.
This is not the time for health care reform. This is time for fixing the economy. Anyone can see that the lack of focus on the ECONOMY is causing the stock market to tank. I am sorry that 0bomba doesn’t think it is more meaningful than “polls,” but frankly, he doesn’t know what he is talking about.
Posted by: beebop | March 6, 2009, 6:56 am 6:56 am
A nice, polite start means nothing for the long-term. The industry, Republicans and even moderate Dems will always balk at the cost ad the very premise Obama is pushing.
Posted by: matt | March 6, 2009, 7:37 am 7:37 am
It was very unHillary but the criticism from many who attended was that it lacked substance. Basically it seemed like an extension of a campaign and focused primarily and mostly on style.
Posted by: Bob | March 6, 2009, 7:50 am 7:50 am
Obama needs to focus on the economy first. His social policies are throwing gasoline on the fire of this collapsing economy, while he smugly pushes his radical social agenda.
To forward this health care agenda he uses flagrantly lying talking points (perhaps this is one Jake should use for his ongoing talking point discredited).
Obama claims 1 family goes bankrupt every 30 seconds due to health care costs.
The study he used has been discredited over and over. If a family member died leading to a bankruptcy that was considered a “health event” and counted in this 30 second bankrupt measure. If someone who went bankrupt also had $1000 or more in medical bills outstanding they were counted, even if this was their smallest debt.
This was debunked in new studes that are more elegant than my explanation but the point is:
Obama is lying and scaring people to pass his agenda. He is fiddling while Rome burns.
He needs to focus on the economy and then, if we can afford health care for illegals we should have that discussion. NOT NOW
Posted by: BO Needs to Go | March 6, 2009, 9:00 am 9:00 am
“Obama is lying and scaring people to pass his agenda. He is fiddling while Rome burns.”
Whatever you might think of Obama’s plans he is certainly not ‘fiddling’ [doing nothing relevant]. He’s been incredibly busy ever since he got in office.
Posted by: Skip | March 6, 2009, 9:11 am 9:11 am
Skip:Whatever you might think of Obama’s plans he is certainly not ‘fiddling’ [doing nothing relevant]. He’s been incredibly busy ever since he got in office.
————————
I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.
His social policies are throwing gasoline on the fire of this collapsing economy, while he smugly pushes his radical social agenda.
Every time he makes a move, leading to generations of debt spending, cap and trade- leading to skyrocketing energy costs for everyone, increased welfare, increased taxes… THE MARKET TANKS.
Right now the job losses and loss of trillions in savings is priority one.
His stimulus bill, by the scoring of his own congressional budget office, will delay the recovery.
So don’t tell me it was relevant. It is one of his bonehead moves that caused a market dive.
The Market and Job losses speak for themselves.
Posted by: BO Needs to Go | March 6, 2009, 9:16 am 9:16 am
From The Wall Street Journal:
Obama’s Radicalism Is Killing the Dow
A financial crisis is the worst time to change the foundations of American capitalism.
Posted by: Peace Train | March 6, 2009, 9:21 am 9:21 am
I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.
—————
I agree. When tax cheat, miracle economist , Tim Geithner was testifying before congress he descended into a lecture on energy companies and global warming????
This is the guy Obama hired to deal with the economy and he too is distracted and seemingly angry over this personal agenda item.
They need to deal with the job at hand.
Is it any wonder that things have gotten worse not better since Obama election.
Posted by: MNM | March 6, 2009, 9:21 am 9:21 am
“I disagree as I wrote he is not dealing with the one item that is relevant right now, the economy.”
What are you talking about? The entire stimulus bill was meant to deal with the economy. You may not like it but it is far from just fiddling. I also think the markets were ridiculously over-inflated during the housing bubble and have to come down anyway. Blaming them on Obama is just convenient.
Posted by: Skip | March 6, 2009, 9:26 am 9:26 am
Skip:What are you talking about? The entire stimulus bill was meant to deal with the economy. You may not like it but it is far from just fiddling. I also think the markets were ridiculously over-inflated during the housing bubble and have to come down anyway. Blaming them on Obama is just convenient.
———-
As I wrote in my response, Obama’s own congressional budget office, hired by Nancy Pelosi, said the stimulus bill would likely delay the recovery.
They knew this before they passed it.
The same CBO claimed less than 1/3 of the bill was stimulus by that I mean jobs and infrastructure..which is how THEY defined stimulus.
This bill also focused on many items that we can argue over but they were not stimulative, by his own budget office.
There were social programs and payoffs to special interests that last a decade, but not stimulus.
The same congressional budget office scored the alternate plan the republicans presented and claimed it would create twice the jobs at half the cost.
The stimulus bill was about stimulating democrats long term viability. The economy, 1/3 of this bill was an afterthought.
Why do you think they raced to pass it before anyone, by their own admission, read it.
Posted by: BO Needs to Go | March 6, 2009, 9:33 am 9:33 am
Skip ask yourself: If this $789 Billion package is designed to stimulate the economy, why is so much of the spending 2-3 years or more down the road?
President Obama and the Liberal Democrats are more interested in ramming through their socialist policies then stimulating the economy. Why should they stimulate the economy when they know that they have a better chance of passing their agenda during economic turmoil? Remember it was President Obama’s Chief of Staff, Rahm Emanuel who said, “Never allow a crisis to go to waste. They are opportunities to do big things.”
Posted by: James Danley | March 6, 2009, 10:13 am 10:13 am
I find it rude to use the Hillary Care that was created by people that were fighting against her efforts, such as nation of whiners, Foreclosure Phil Gramm, and John McCain.
JimW,
Another person trying to rewite history!!!! Democrats were also against That healthcare plan.
The REAL question here is will the Obama Plan actually take any input from this so-called “summit”. The odds are the plan is already in the bag and this is nothing more than nice window dressing for everyone to enjoy!
Posted by: Mike_C | March 6, 2009, 10:51 am 10:51 am
James Danley, you are pushing a myth that has been debunked for months. What you are referring to was an analysis of an earlier provision that constituted only a fraction of the bill. Updated CBO reports tell the truth: the vast majority of the money will be spent in 2009/2010, during which time CBO economic models expect to see a significant boost in economic growth. Please update your talking points. Their inaccuracy only reflects poorly on you.
Posted by: Klaus | March 6, 2009, 10:55 am 10:55 am
“BO needs to go,”
You are not telling the truth, and I challenge you to produce the report that backs up the assertions you are making. The truth is that actual CBO reports have consistently stated that the vast majority of spending measures in the stimulus bill were far more conducive to economic growth than the tax cuts favored by Republicans.
Posted by: Klaus | March 6, 2009, 10:57 am 10:57 am
Also, your claim that the CBO said the bill would “delay” the recovery is a flat-out lie. Here are the facts from the CBO itself:
“The economic stimulus legislation pending in Congress would add between 1.2 and 3.6 percent to economic growth by the end of next year, according to the Congressional Budget Office. That’s compared to the CBO’s “baseline” forecasts, which predict growth without the legislation.
The legislation would also create between 1.3 million and 3.9 million jobs by the fourth quarter of 2010, compared to the baseline forecast.
The nation’s unemployment rate would be between 0.6 and 2 points lower than the baseline forecast of 8.7 percent by then, according to the CBO’s analysis.
While the analysis was linked to an earlier version of the stimulus bill passed by the Senate on Tuesday, the CBO says the estimates would be essentially the same.”
Until Republicans stop lying, the American people will not start listening. Enjoy your time in the political wilderness.
Posted by: Klaus | March 6, 2009, 11:02 am 11:02 am
Dear Klaus:You are not telling the truth, and I challenge you to produce the report that backs up the assertions you are making.
——————
YOU ARE SO WRONG. DEMS ALWAYS LIE. THE PROOF IS BELOW. THIS IS A NEWS ANALYSIS, NOT MINE!
Below is a link to the Wash. Times article. See for yourself. If link disappears you can search it by the title:
CBO: Obama stimulus harmful over long haul
Act fast Klaus, links disappear
Posted by: BO Needs to Go | March 6, 2009, 11:14 am 11:14 am
Jake,
could you please tell the White House,that right now, all I care is not lose my job..tell them worry about the job market and we will take care of our health care …the #1 issue is jobs and Obama seems to be clueless. I hardly leave comments on blogs, but I feel desperate to write to everyone I with any connection to the White House.
I voted for Obama, but he gave me the impression that he knows what he is talking about, but all he does is read off of the teleprompters!!!!
I don’t want a president just with “reading” ability, I want him to ACT and DO something.
Posted by: Malenie | March 6, 2009, 11:27 am 11:27 am
Melanie,
I hope that you did not vote for Obama. I do not see why anyone did. The man’s entire track record showed nothing but a good speaker who had no real experience in governing. What did you expect. Obama is words. Not action. He is a puppet for Pelosi, Soros and Reid
The NY Post in Charles Gasparino column had this to say yesterday:
“Thanks to all the class warfare produced by his boss, I’m told, Geithner can’t find qualified people from Wall Street (the folks who know markets better than anyone else) to help solve the crisis. Instead, one saddened Obama supporter from Wall Street told me, “He’s looking at a combination of bureaucrats and academics for these jobs.”
Posted by: Peace Train | March 6, 2009, 11:35 am 11:35 am
“BO Needs to Go,”
You elude to an article from the Washington Times (a paper ran by a fanatical right-wing cult), but I’m simply referring to the actual CBO report. Again, this is what the CBO had to say for themselves:
“The economic stimulus legislation pending in Congress would add between 1.2 and 3.6 percent to economic growth by the end of next year, according to the Congressional Budget Office. That’s compared to the CBO’s “baseline” forecasts, which predict growth without the legislation.
The legislation would also create between 1.3 million and 3.9 million jobs by the fourth quarter of 2010, compared to the baseline forecast.
The nation’s unemployment rate would be between 0.6 and 2 points lower than the baseline forecast of 8.7 percent by then, according to the CBO’s analysis.
While the analysis was linked to an earlier version of the stimulus bill passed by the Senate on Tuesday, the CBO says the estimates would be essentially the same.”
I’m sorry you can’t handle the truth. Maybe you should double check your “sources” next time.
Posted by: Klaus | March 6, 2009, 11:37 am 11:37 am
“BO Needs to Go,”
I Googled the article in question and it too directly contradicts your claim that the stimulus bill will delay the recovery process. In fact, the article explicitly says that it will help in the short term. This is a direct quote from your article:
“The agency projected the Senate bill would produce between 1.4 percent and 4.1 percent higher growth in 2009 than if there was no action. For 2010, the plan would boost growth by 1.2 percent to 3.6 percent. ”
The concern is that, a decade from now, the rate of growth will be marginally smaller, but this will be years after we have already recovered. With that said, what the Times neglects to point out is that despite a marginally smaller rate of growth occurring in a decade, we will see a much greater aggregate output from the significant boost in short-term growth. And the CBO report also says that the investments in education and infrastructure may, in fact, mean higher economic growth in the long term, but their economic model is not capable of taking such factors into consideration.
Again, your own sources demonstrate that your statements are not grounded in fact. That’s pretty sad.
Posted by: Klaus | March 6, 2009, 11:48 am 11:48 am
Klaus:You elude to an article from the Washington Times (a paper ran by a fanatical right-wing cult), but I’m simply referring to the actual CBO report. Again, this is what the CBO had to say for themselves:
=========
I reference it, it quotes and analyzes the ACTUAL CBO report. It is a well respected mainstream paper, but your description tells us more about you than this paper.
Kool-aid aside:
I understand dems like you will discount, twist and tweak, and take pieces out of context, such as your limited quoting of the CBO, but this article also gives us the CBO conclusions verbatim, The title:
“CBO: Obama stimulus harmful over long haul”
supported by the CBO report, speaks for itself.
Yelling and name calling is stock and trade for dems. That does not mean that whatever you scream loudest or longest is actually accurate. It may mean that you are not worth responding to in the future
Posted by: BO Needs to Go | March 6, 2009, 11:52 am 11:52 am
Obama is obviously not calming the markets. Quite the opposite is going on. I give Obama 6-12 months before he throws Geithner under the bus.
Gupta has withdrawn from consideration for Surgeon General.
Smart people stay far away from Obama.
Destroying private investment and individual wealth is sheer folly. A nation where half the population is on the dole and another 25% has lost everything won’t be talking about “privatizing” anything any time soon.
Taking the Dow Jones average down below 3,000 is a fine start– and on this Team Obama is succeeding mightily.
Posted by: Peace Train | March 6, 2009, 11:53 am 11:53 am
I love the way Obama is improving America’s image.
Those cheap DVD’s given to Gordon Brown should do the trick.
Obama is destroying America–he not only doesn’t have a clue but he has no class either.
I hope the world is waking up to this huge fraud.
Posted by: tyler | March 6, 2009, 12:26 pm 12:26 pm
“I would have guessed that he [Klaus]was a seminar online shill for one of the radical left groups.”
Klaus is posting actual analysis and you guys are just quoting opinions from right-wing newspapers like the New York Post? Come on! I’m sure Fox News agrees with your assertions too.
Posted by: Skip | March 6, 2009, 1:01 pm 1:01 pm
Klaus, to say that an earlier analysis by the CBO is a “myth” and has been “debunked” is hyperbole. It WAS the report. Having said that, I do stand corrected. The CBO analysis of the Conference Report dated Feb 13, 2009 estimates that 59% of the spending will be within the first two years (but that still leaves 41% to be spent over the next 5 years). Here are the estimated outlays by year:
Division A–Appropriations ($ Million)
2009 34.8
2010 110.7(47.2% spent in first two years)
2011 76.3
2012 38.1
2013 22.9
2014 12.8
2015 7.0
2016 3.1
2017 1.6
2018 0.8
2019 0.1
308.3
Division B–Direct Spending ($ Million)
2009 85.3
2010 108.6 (72% spent in first two years)
2011 49.9
2012 8.1
2013 7.4
2014 15.1
2015 4.7
2016 -4.7
2017 -4.1
2018 -1.9
2019 -1.4
267.0
Total Spending ($ Million)
2009 120.1
2010 219.3(59.0% spent in first two years)
2011 126.2
2012 46.2
2013 30.3
2014 27.9
2015 11.7
2016 -1.6
2017 -2.5
2018 -1.1
2019 -1.3
575.2
Posted by: James Danley | March 6, 2009, 1:30 pm 1:30 pm
ROFLMAO!
Right wingers keep citing their discredited media as proof!
You guys might as well just quote Rush as it carries the same weight.
Posted by: Ryan C | March 6, 2009, 2:24 pm 2:24 pm