Posted on 02/17/2009 4:10:56 AM PST by tobyhill
President Barack Obama is ready to sign into law the most sweeping economic package in decades, a rescue plan meant to reinvigorate job creation, consumer spending and public optimism. Add the bill to an ever-growing deficit.
Capping the biggest victory of his month-old administration, Obama will sign the economic legislation Tuesday in Denver.
The setting, the Denver Museum of Nature & Science, is meant to underscore the investments the new law will make in "green" energy-related jobs. It also allows Obama to get away from Washington, where the bill's passage was a mostly partisan affair, and be among people who may benefit from the huge government intervention.
The flailing economy continues to dominate Obama's time.
Tuesday is also when General Motors Corp. and Chrysler LLC, which are living off a combined $13.4 billion in federal bailout loans, are due to hand in plans to Obama's government about how they can remain viable.
(Excerpt) Read more at foxnews.com ...
Market futures plummeting on the news. Way to go , Oboomba
What? Doesn’t he have more pressing things to do like pick-up basketball or pumping iron?
No time to read the entire bill yet not signed till 5 days later........
Broken campaign promise’s @ 1:10 mark in video ....
http://www.youtube.com/watch?v=o5t8GdxFYBU
It was the first thing they talked about on F&F this morning. Team Zero created panic to get it passed and now downplays it’s effect. Now they’re only expecting to regain 1% of the jobs lost and that isn’t going to happen for another 18 months. (after we lose another 5 or 10 million jobs.)
Tripling the country’s deficit. Not bad for a month’s work, Bambi.
Didn’t Obama say that deficits don’t matter?
Actually about two weeks work if you figure how much time he spends “getting out of the White House”.
No less an authority than FDR’s Treasury secretary and close friend, Henry Morganthau, conceded this fact to Congressional Democrats in May 1939: “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!”*
I heard some economist claiming unemployment will hit 11% and the deficit under Obama will reach over $3 trillion.
It’s what fascists do.
Did you see this?
The Prince of Thieves
http://www.americanthinker.com/2009/02/the_prince_of_thieves.html
And don’t forget... he still wants to give the UN theirs (along with our sovereignty), with the Global Poverty Act.
Unemployment in my county topped 11% two weeks ago. Meanwhile Zero is treating my governor (Jenny “the depressionator” Granholm) like some kind of financial wizard.
The worse things get the more Granholm wants to raise taxes. Smokers are going to love the latest. Taxes drove a lot of people to rolling their own at a fraction of the cost. Now taxes on a $20 bag of tobacco are going up by $25.
But now he will be able to change gears and focus on the Deficit.....he will probably come up with a new stimulus plan to pay down the deficit by borrowing money form his friends in the Middle East.
You would think the market masters would’ve noticed how the market tanked every time they spoke or bailed someone out. Don’t they realize we know Chuck and Reid started the runs on banks and insurance after their buddy made sure the $550 billion was pulled from MMAs? And where’s the damn hearings?
Don’t those jerks realize they not only screwed up our economy, but the world’s with their socialism? It’s not just our soldiers lives they’re playing with, it’s future generations.
For what, power? To say they fixed something?
No, they want proles and they want to be gods. For me but not for thee.
Same beast folks, different name.
Why do the main protagonists still sit on the hill and deem to hold forth...
The Soviers were right, one generation. Through their infiltration, they’ve had two.
They forgot to look at rising indicators, like guns and ammo. I forgot, those are next to go... if they can find them.
Who still has their will, who will write and speak on it, who will stand for this country and the blood spilled for this freedom?
Our supply routes are cut off in the Stan, crazy things all over the globe, Iran, North Korea, Russia/China buildup and sending of weapons to bad players, beheadings and honor killings right here in our country (and chaos at the border, part of where the ‘infrastructure’ funds should’ve gone), he wants to off our unborn while ignoring illegals since we’re ‘broke’, California the 8th largest economy finished, yet where is he? Flying around lying and still campaigning (to spread dispair for something done), while destroying our country... a two year old with a RISK game, bored with no clue. Spending like Atlas.
Well, as of today, this economy belongs, lock, stock and barrel to Mr. Obama.
He also voted for the so called Bail Out Bill back in the fall.
It’s all on his shoulders now. Not Mr. Bush’s.
We are like lambs to the slaughter.
Just think, if the courts would grow a set and require Hussein to prove where he was born, this bill signed could be voided.
Does anyone know if Lee Harvey had any male offspring?
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