Posted on 11/24/2008 3:52:07 PM PST by NormsRevenge
CHICAGO – Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush administration approved fresh billions to bail out one of the nation's largest banks.
Stock prices surged — the biggest two-day percentage gain for the Dow Jones industrials in 21 years — as investors took heart Monday from the actions and words of the incoming and departing chief executives.
"If we do not act swiftly and boldly, most experts now believe that we could lose millions of jobs next year," said Obama, 57 days shy of taking office in the shadow of the worst economic crisis since the Great Depression.
He blended criticism of Detroit's beleaguered Big Three automakers — General Motors Corp., Ford Motor Co. and Chrysler LLC — with a pledge of support for government aid to help them survive. "We can't allow the auto industry to ... vanish," he said, although he added that a blank check for an industry resistant to change was not the solution to its long-term decline.
(Excerpt) Read more at news.yahoo.com ...
So what. Obama ain’t president yet, *ssholes.
just like Bush. Why not bring real change and try to balance the budget?
Does this mean we can expect another check from the Goverment? If it does, I hope it is enough to buy me a M1 Carbine..
Now I could have sworn I heard near the same thing about the last $857 B crap sandwich.
But after this new crap sandwich, the recession/depression is all Obama’s from then on ... One free shot is all you get
“Peter Orsag”
He’s a cap and trader-
http://www.washingtonpost.com/wp-dyn/content/article/2008/07/08/AR2008070802465.html
Screw Obama AND his Marxist ideas!
Change we dont need.
Yeah, but crafty enough to push for crap legislation which Bush will be dumb enough to sign and therefore “Bush’s fault” gets an extension on its copyright. And more and more Top Ten airplay for him. I’d purely love to hear Bush say, “Wait until it’s your turn to screw things up. It’s still my turn.”
Noone has any money to spend except Congress, spending ours.
Isn’t the amount of his “package” equal to what President Bush has spent in about 8 years????
If Obama had NOT RESIGNED as SENATOR he would not be begging anyone . . or calling Upon Anyone... .he could be the AUTHOR of the bill as a Senator.
Maybe that is why he Resigned . . so he could vote Present ?
BHO is not a risk taker . . .He not yellow he is a Chicken !
And if this keeps up much longer we’ll run out and they’ll have to resort to just printing up...oh wait
Doubt it.
A relief rally is definitely in the works, especially since Hussein has been backing off some of his Marxist proposals.
However, I remember when the DOW rallied 1,000 points in 2 days a few weeks ago when it looked like McCain was pulling even with El Trasho.
Now THAT was a rally!
Sara Palin stated it well. This Congress is addicted to O-P-M. Other people’s money.
How many generations are going to live in poverty so Obama can have pie?
I honestly think they ought to be ashamed of themselves. I dont think people support this.
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