Posts Tagged ‘ economy ’

Obama: Stimulus Bill passes, After party at White House,

The Vote  244-188

President Obama won his first legislative victory as the House passed a $819 billion economic stimulus package adding to a projected $1.2 trillion deficit this year. Borrowing the money would add $347 billion to the bill’s costs over ten years, according to the Congressional Budget Office,Once it is passed, every American will be able to go the Web site recovery.gov and see how and where their money is being spent.”<1>

Not one Republican

President Obama bid to woo Republicans failed to convince even a single GOP member to join Democrats to back the bill. Eleven Democrats joined the entire 177-member House GOP caucus in voting “no”.<2>

President Obama and the 13 corporate executives

The president met with 13 corporate executives Wednesday morning to talk about the need there needs.

They need our money now

“The businesses that are shedding jobs to stay afloat — they cannot afford inaction or delay,” Obama said.

Than there you the American worker with no job only fear

“The workers who are returning home to tell their husbands and wives and children that they no longer have a job, and all those who live in fear that theirs will be the next job cut — they need help now.”<3>

Party at the Whote House
After the vote, he invited top House and Senate leaders of both parties to the White House for cocktails, hoping a little wine and schmoozing could grease the path for his signature economic initiative in the Senate.<4>

Ron Paul Talks About the Economy on Morning Joe 1-27-09

On MSNBC’s Morning Joe, Ron Paul answers questions about fixing the economy.

The pundits ganged up on Paul best they could and he not only kept swinging, but injected a healthy dose of common sense into the ongoing debate over the bad economy.

January 16, 2009: The Day in 100 Seconds

Day in 100 Seconds for January 16, 2009

Ron Paul Explains How The Financial Bubble Was Created

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01/10/09: President-Elect Obama’s Weekly Address

In this week’s address, President-elect Barack Obama highlights the challenges facing our struggling economy and introduces a report being drafted by Christina Romer and Jared Bernstein.


Obama Names Volcker to Head New Economic Advisory Board

Reuters
(Reuters) – US President-elect Barack Obama on Wednesday announced a new panel to advise him on stabilizing financial markets as his latest effort to tackle problems ailing the US economy.

President -elect Barack Obama promised to instill more confidence in the federal budget system and eliminate unnecessary programs.The man who will be responsible for the White House budget office — overseeing cuts in the federal budget and simultaneously overseeing a costly stimulus package will be Peter Orszag who now runs the Congressional Budget Office.Jon Decker reports

President-Elect Barack Obama unveils his core economic team

“There are no shortcuts or quick fixes to this crisis,” Barack Obama said as he presented his economic team in Chicago on Monday. “The truth is, we do not have a minute to waste,” Mr. Obama said. “These extraordinary stresses on our financial system require extraordinary policy responses.”

CHICAGO — President-elect Barack Obama, calling for “sound judgment and fresh thinking” to address the nation’s economic crisis, announced Monday his selection of Timothy Geithner, president of the New York Federal Reserve, as Treasury secretary, and Larry Summers, a former Treasury secretary, as head of the National Economic Council.

Obama also named Christina Romer, an economics professor at the University of California at Berkeley, to chair his Council of Economic Advisers, and Melody Barnes, of the Center for American Progress, as director the Domestic Policy Council.

In making the announcement, Obama said the country is facing an economic crisis of “historic proportions.”

“If we do not act swfitly and boldly most experts believe that we could lose millions of jobs next year,” he said.

To that end, Obama said, he sought an economic team with “sound judgment and fresh thinking.”