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Obama on Fiscal Responsibility


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Wanna start with the fact I voted for Obama. I have had many issues with what he has done thus far. I still have problems with alot of his plans he is laying out right now from all the bailouts and stimulis. Seems like he is doing the same old routine when he ran on change.

 

 

This speech he gave today finally gave me some hope he may start to change into what we actually need. Dont know what will happen, but if he sticks to his word, he will have to make some tough choices that he hasnt made so far. My hope is he can make them and stop the madness that is happening right now. We need someone to clean house. Lets see some actual change Obama.

 

Watch this video clip:

http://www.cnbc.com/id/15840232?video=1043368543

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Not sure how what he is going regarding the stimulus package and the helping out subprime loans is the same old thing. The bank bailouts is another issue, but the minute the word "nationalize" went out in relation to the banking issue, the stock market tanked. Any kind of additional oversight than Bush's TARP will be better. Strangely stocks keep tanking anyway because any talk of doing anything other than throwing bucketfuls of money at the corporations is met with sceptism by Wall Street.

 

Yea, agreed, the guy can actually talk and MAKE SENSE. And he knows how to THINK. All of this, while not perfect, is way better than than Bush or alternately McCain.

 

LouieB

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Not sure how what he is going regarding the stimulus package and the helping out subprime loans is the same old thing. The bank bailouts is another issue, but the minute the word "nationalize" went out in relation to the banking issue, the stock market tanked. Any kind of additional oversight than Bush's TARP will be better. Strangely stocks keep tanking anyway because any talk of doing anything other than throwing bucketfuls of money at the corporations is met with sceptism by Wall Street.

 

Yea, agreed, the guy can actually talk and MAKE SENSE. And he knows how to THINK. All of this, while not perfect, is way better than than Bush or alternately McCain.

 

LouieB

 

Agree he is much better than Bush and McCain. I am talking about the same old as in blowing our Debts out of the galaxy. We as a nation have always borrowed and printed money to solve all our problems. This is basically just pushing all our problems into the future and never really dealing with it. To actually deal with our real problem, we cant borrow anymore and we cant print more money. We have to make better with what we now have and make.

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He's going to address the nation tonight. Probably a speech very much like what he gave yesterday. It's good, I think the general America needs to hear it.

 

I think its interesting that he just passed the gigantic stimulis and now he talks about how we have to "pay as you go" and be responsible. Its kind of contradicting. With the $350 billion left over from the first one and now near $800 billion more from this one, he is set with well over a trillion borrowed money to spend in his term. It's kind of like he did this great stimulis to please a bunch of people politically and now he wants to do whats right.

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I think its interesting that he just passed the gigantic stimulis and now he talks about how we have to "pay as you go" and be responsible. Its kind of contradicting. With the $350 billion left over from the first one and now near $800 billion more from this one, he is set with well over a trillion borrowed money to spend in his term. It's kind of like he did this great stimulis to please a bunch of people politically and now he wants to do whats right.

I don't see a contradiction at all. It's not like he's planning on making this stimulus a continuous thing. The purpose it to create jobs and stabilize the markets. Once that happens theoretically more people should be in a position to spend money again and things should improve. It's not perfect, but my guess is that it will help (certainly more than doing nothing at all). As things turn around then it's his responsibility (as well as everyone else's) not to just spend like maniacs and instead try and reduce the debt burden in general. That's where the responsibility part really comes into play. For now, I don't see any contradiction between saying "here's a lot of money to boost the economy" and "spend responsibly."

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We as a nation have always borrowed and printed money to solve all our problems. This is basically just pushing all our problems into the future and never really dealing with it. To actually deal with our real problem, we cant borrow anymore and we cant print more money. We have to make better with what we now have and make.

Bill Clinton, who actually did balance the budget and managed to pay down at least some smidgen of debt, has said that if he took office in the circumstances that Obama is facing, he probably would have done what Obama is doing now.

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Bill Clinton, who actually did balance the budget and managed to pay down at least some smidgen of debt, has said that if he took office in the circumstances that Obama is facing, he probably would have done what Obama is doing now.

 

 

I would not go by what Clinton says. He is basically a Republican. I don't care if he has D by his name or not. NAFTA and deregulation also happened under his watch and contributed to the situation we find ourselves in now. I agree I have not been that happy with Obama so far. But when I heard the nationalization talk and now his push for universal healthcare I have been much more optimistic. The banks are the problem and I want to leave you with a couple quotes from 2 of the best Democratic President's ever. It pretty much says it all.

 

 

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I still don't know if I'm supposed to save all my money or spend it at this point. I suppose if you are in debt you start saving and if you have money you start spending. Is that about the size of it?

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I would not go by what Clinton says. He is basically a Republican. I don't care if he has D by his name or not. NAFTA and deregulation also happened under his watch and contributed to the situation we find ourselves in now. I agree I have not been that happy with Obama so far. But when I heard the nationalization talk and now his push for universal healthcare I have been much more optimistic. The banks are the problem and I want to leave you with a couple quotes from 2 of the best Democratic President's ever. It pretty much says it all.

Believe me, you will not meet a bigger socialist than me. :lol My point is, for anyone who thinks that Obama is going spending-crazy with this stimulus bill, it's really not all that out there, at all. Alan Greenspan called Clinton "the best Republican president we

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Clinton was conservative to the extent that he helped reform welfare, which (along with the 90s Internet boom) helped balance the budget. To call him Republican would be like calling Arlen Specter a Democrat.

Take it up with Greenspan. :thumbup

 

Obama knew from the campaign that Bill Clinton wasn't going to pull punches if they didn't agree on an issue, and Clinton's still got the option of saying nothing at all. If he's making a point of making that statement in public, which he seems to be, I'm going to lean towards believing that he means it, and he's not just kissing up to his wife's boss.

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Bobby Jindal sounds like some suburban dad reading to preschool kids at a library on a Saturday morning.

 

He did sound really patronizing or something. He was acting like New Orleans has not taken any money at all and is doing it on their own which was kind of weird.

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Bobby Jindal sounds like some suburban dad reading to preschool kids at a library on a Saturday morning.

You were more kind than me. I said he sounded like he was speaking to a roomful of kindergartners. I keep looking for a great new conservative leader, but no one's on the horizon.

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One speech while he is looking into a monitor and essentially looking at himself while he talks, and he is totally written off. Y'all really crack me up sometimes.

 

Plus, I agree with most of what he said.

I agreed w/ much of what he said, but agree w/ the criticism that his speech didn't really seem to address Obama's. Also, as a libertarian/conservative his stance on social issues (which lines up right w/ Falwell and Robertson) scares me. I was hoping the younger leaders to emerge for the Republicans would be less tools of the Christian right, but their hold on my party remains firm.

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One speech while he is looking into a monitor and essentially looking at himself while he talks, and he is totally written off. Y'all really crack me up sometimes.

 

Plus, I agree with most of what he said.

 

Not sure I wrote anybody off. He just sounded fake and patronizing, like most politicians. I can see why he is the new face of the republican party since he represents the .01% that is not old and white.

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