Obama Speaks Out for Stimulus to Create Jobs -- Where's John McCain?

A day after Fed Chairman Ben Bernanke spoke out in favor of a second stimulus to create jobs, which Obama has pushed for months, Obama hammers the point home.

OBAMA: And we had some modestly positive news yesterday of the credit market starting to loosen up again and people willing to make loans, but that was just the beginning, not the end, of our work to rebuild our struggling economy. Some of the people on this stage know this better than just about anyone. They're on the front lines dealing with the fallout from eight years of greed on Wall Street and irresponsibility in Washington, and when we spend $10 billion a month in Iraq every month that means less money to fix crumbling roads and bridges here at home. When our president passes tax breaks for multimillionaires, corporations are shipping jobs overseas, that leaves our states without the resources to provide health care and good schools and police and firefighters. Today, 21 states are facing budget shortfalls, including Florida. Governors across America are facing impossible choices. and I'm sure the governors will talk about this, cutting vital services or raising property taxes on families already struggling to stay afloat.

Now, let's be clear, the financial crisis that states, businesses and families are facing didn't spring up full-blown overnight. It's been a long time coming. the warning signs have been very clear, but while President Bush and Senator McCain were ready to move heaven and earth to address the crisis on wall street, President Bush has failed so far to address the crisis on main street. Senator McCain has failed to fully acknowledge it. Instead of common sense solutions month after month they have offered little more than willful ignorance, wishful thinking, outdated ideology. In January I called for a stimulus package to provide immediate relief for states along with tax rebates to get money directly to middle class families and a foreclosure prevention homes to help them keep their homes. Yesterday the Chairman of the Federal Reserve Bank, one of the successors, acknowledged we need a stimulus package. Senator McCain, on the other hand, at that time, back in January, insisted that the fundamentals of the economy were strong.

AUDIENCE: Boo!

OBAMA: No, we don't need that. we just need you to vote.

Category:

News & Politics

Tags:

• barack
• obama
• tax
• cuts
• economy
• stimulus
• package
• fundamentals
• bush
• mccain

[twistedfocus100]

this is funny to hear now... lol

[SMURKHART]

Well, we've had a couple of years to see how "GREAT" this stimulus bill was! What a complete waist of money! Obama is the worst President to date!

[mark32811]

@TheDrunkenHer0 like I said, the founders of the Tea Party. The labels are pointless anyway. We are all individuals.

[TheDrunkenHer0]

@mark Maybe true, which I don't think it is, simply because Tea-Party leaders consist of Sarah Palin, Glenn Beck, Shannity, Rush, Bachmann, and the rest of them assholes.

You could can keep telling yourself that the tea-party is non-partisan as long as you want, but Ron Paul's tea-party is no longer existent.

Ron Paul's tea-party has been infiltrated and hi-jacked by special interest groups and right-wing ideology.

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All I want is good government, the tea-party doesn't want government at all.

[mark32811]

Let's break down what a stimulus is. The Federal Reserve bank prints money, borrows it to our treasury, then the treasury has yet ANOTHER heap of debt to pay. Are we all brain-dead? DOWN WITH THE FED.

[mark32811]

@TheDrunkenHer0 The founders of the Tea Party were non-partisan, and very articulate. They began the movement because this government (and ALL governments) are out of control and have no interest in the well-being of humanity.

[TheDrunkenHer0]

Classy guy...

not like the head stomping fascist tea-baggers..

[dangerous95918]

I just downloaded this mp3 at instantmp3s..com

[TSchoeppe2004]

Wow! sweetbilly, I'm a conservative independent through and through. It is possible that Obama could destroy this country. I would gladly defend the constitution of this country till death (including freedom of speech).

With that being said, i believe your ideals are the same as that of a terrorist, no value for human life. You sir, in my opinion, are no better than he.

[TSchoeppe2004]

If only liberals understood economics as well as they do comedy, we might not be in as bad of shape as we are. That is the perfect example of a right wing nut job. I honestly believe she would be doing a better job than Obama is right now, unfortunately She didn't win, so I guess we'll never know.