seven.sixtwo
Inactive
http://money.cnn.com/2009/01/08/news/economy/obama_stim/index.htm?postversion=2009010808
he knows the public is sick of spending, but he will do it anyway, so what's the sense of lobbying us? we already know the first one did NOT work, how will spending more then the first make it better?
WASHINGTON (CNN) -- President-elect Barack Obama will call on Congress Thursday to move quickly on his economic aid package once he takes office, warning that a failure to do so would have devastating long-term consequences for the nation.
"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama will say in a speech on the economy, according to excerpts of his remarks provided to CNN by a transition official. "If nothing is done, this recession could linger for years."
Obama, who takes office on Jan. 20, will also address critics, who oppose such a massive spending plan by the federal government.
"It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe," Obama is expected to say at the late morning speech to be delivered at George Mason University in Virginia.
According to two aides, Obama will not use the speech to put a pricetag on his proposal, which he calls the American Recovery and Reinvestment Plan.
Obama has publicly said he plans to propose massive spending and tax cuts to revive the economy, which has been mired in recession for more than a year.
Earlier this week, Obama met with congressional leaders from both parties to push for his plan.
Obama will propose roughly $300 billion in tax cuts for individuals and businesses. He has has suggested the overall size of the package will be about $775 billion, 40% of which would be in tax cuts.
In addition to tax cuts, Obama has said his said he will propose to double renewable energy production and make public buildings more energy efficient; rebuild crumbling roads, bridges and schools; computerize the health care system; and modernize classrooms, labs and libraries.
he knows the public is sick of spending, but he will do it anyway, so what's the sense of lobbying us? we already know the first one did NOT work, how will spending more then the first make it better?