In Crisis: Obama warns of catastrophe if stimulus delayed

[Sapiens]

http://news.yahoo.com/s/ap/20090204/...obama_stimulus

WASHINGTON – President Barack Obama says the recession will turn into a "catastrophe" if the economic stimulus is not passed quickly.

Obama rejected several criticisms of the plan: that tax cuts alone will solve the problem, or that longer-term goals such as energy independence and health care reform are not also critical to address at the same time. The White House released some of Obama's remarks ahead of an event on executive compensation limits.

Obama subtly referenced his win in November while arguing that recalcitrant lawmakers need to get behind his approach.

Obama urged members of Congress "to act without delay" while also promising to "work to make it stronger."

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[ProdigyofZen]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

Hey and Pelosi in the last 2 months has said repeatedly that........ IF the economic stimulis package is not passed, the US will lose 500 Million jobs a MONTH!!! The guys on the trading floor are wondering where the other 200 mil americans are gonna come from with jobs?

"If former President George W. Bush said 500 million Americans are losing
their jobs each month, do you think media would report it?
Probably every hour on the hour until all 300 million Americans had
heard about it, right?
Well, during a press conference on an undetermined date, House Speaker
Nancy Pelosi (D-Cali.) -- you know, the second in line for presidential
succession right behind the vice president!!! -- said, "Every month that
we do not have an economic recovery package 500 million Americans lose
their jobs."
Amazingly, she's made this same comment at least twice in the past month"

These statements by Obama are complete Fear mongering and that package is complete BULL! What happens when the package is passed and the economy still gets crushed........

[ProdigyofZen]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

The video

http://www.youtube.com/watch?v=x8hMJVXt09E

[don]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

Fresh Face...Old Line

[tsetsefly]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

http://news.yahoo.com/s/ap/20090204/...obama_stimulus



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isn't that what they have said with every bailout/stimulus?

What will they say when this stimulus fails?

[roxtar]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

I'm quaking in my boots Mr. President.:rolleyes:

[BadJuju]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

Will there be martial law?! Call Henry Paulson! :eek:

[pwcmba]

Re: In Crisis: Obama warns of catastrophe if stimulus delayed

I'm having crises fatigue. It makes me want to take a nap.