February 9th, 2009
04:56 PM ET

Obama sells stimulus plan

President Obama traveled to Elkhard, Indiana to promote the stimulus package being considered by Congress.

soundoff (17 Responses)
  1. Jenn

    Having listened to all of the coverage around the stimulous package I think it makes sense. Infastructure build up is something that is long over due. Katrina taught us that. How many bridges need to fall, levies collapse, sewer lines rupture and on and on, until we spend the money to fix them. Combine this need with the current economic crisis and it seems like Obama's plan is a sound idea. I wish Congress would agree so we can all get back to work. Lets not continue Washington as usual.

    February 10, 2009 at 5:13 am |
  2. anush

    hi..iam from india,chennai.upon hering abt the stimulus plan,i felt are-assured as more jobs shld be created and that's only way to beat the heat and get out of this crisis and mny international students community are worried ab thteir future and feel insecure so guys like me are taking a step back and waiting for clarity .. barack has to get this plan underway as soon as possible or else a dark period may befall..

    February 10, 2009 at 5:06 am |
  3. James Reilly

    would have liked to have seen Republicans present something other than just tax cuts. If you don't want a democratic bill, shouldn't you bring something to the table that actually has a chance to pass.
    Maybe 40-45% tax cuts and then the spending they think will work.

    Seeing Mitch McConnell bring a presentation with 445 Billion dollars of tax cuts and nothing else seemed like they only wanted a package to show republicans, but nothing for other people who aren't in their base who would have liked to have seen more options to look over.

    If they couldn't live with less than 100% tax cuts than so be it. Thats fine, but if they would have preferred a different bill to pass it seems to me you should place out a plan that has some kind of a chance to get through.

    February 10, 2009 at 4:15 am |
  4. James Reilly

    I don't know how to feel about the jobs creations plan just yet. I like the idea something is probably moving forward. I do worry about the cost per job of this package. Maybe this is the best way to go, but I wonder how many jobs we could temporarily create just by having people dig holes and fill them in. $50, 000(Average annual salary) x 1,800,000(Number of job increases economists generally believe it takes to lower unemployment rate by 1%) = 9 Billion Dollars x 5 = 45 Billion.
    I would really like to see something like this where you can employee people with little overhead. If you want to do things that creates more substantive type production by all means go to it. Just compare each potential spending item by the # of jobs created.

    February 10, 2009 at 4:05 am |
  5. David

    Not to face reality is not to be prepared for either improvements or catastrophic degenerations. Firstly, what needs to be done now was addressed by the President taking questions in his town hall meeting. A man asked " why not send that money directly to our mailboxes"? The reponse to this by the President was a deflection to 'tax credits' to relieve the burden. Not to be negative, that is the wrong answer. We have a consumer based economy and if people do not have money to 'let go around', not the goverment to 'throw at obvious problems' the idea of a tax credit makes zero sense. If people are not working and unable to work due to this economy, thier tax filings are a future tense unreality. The infusion of money directly to the people of a minimum of fifty thousand per working adult may do far more immediately and over the next year.

    February 10, 2009 at 4:03 am |
  6. Pat M

    Nancy, My sentiments exactly! Kudos.

    February 10, 2009 at 12:34 am |
  7. Emily

    Our Country is in a bad way right now and YES it is going to get worse before it get better. But the People need help and it is the people who put you in office, now it is time for you all to think about what is best for us. We are losing JOBS and HOMES. HEALTH CARE.. Our President has been chosen, so now we look for the ledders of our State to look out for his or her People. There is resolveing this over night and we cannot even say that it is going to work. But As I tell my kids, you never know until you try and you can not cry over spilted Mike. Like our Vice President Father said when you are knoted down get up.and try again. That is why I ask of my gov. God Bless you all and with Gods help lead you and Out President to do the very best you can. Both sides of the Party Lesson to each other, that might help.

    February 10, 2009 at 12:13 am |
  8. jim Fallbrook CA

    I listened to our socialist president Barack Hussein Obama defending the stimulus package. There is no stimulus in this bill. It is all pork and won't stimulate. it was disappointing to hear our socialist president comparing thsi so called crisis to the great depression. Apparently he is another left wing liberal who doesn't remebmer Jimmy Carter. This recession was no where near as bad as it was when Carter was president. Here are a few statistics that might change our socialist President's mind. Under Carter mortgage rates were 21% unemployment 14% and inflation at 18%. That is why Jimmy Carter the Democrat was the worst president in history. Even Eugene Mc Carthy liberal Democrat presidential candidate called him the worst president in history. I can never understand why the liberal news media and our president never brings Carter's name up especially when they are comparing this recessiion tothe depression. To me, they are covering it up and hope the American people don't remember how Carter almost ruined our country.

    February 10, 2009 at 12:06 am |
  9. Pat

    Does anyone, especially President Obama, really believe American taxpayers are that dumb? Invitations to brunch and Super Bowl parties, while legislation goes untouched, are not bipartisanship. Listening is not compromising.

    February 9, 2009 at 11:46 pm |
  10. Gloria - Calif. City

    Mr. Obama delievered a very articulated 5-8 minute speech on the stimulus. The press conference depicted a pre-thought negotiating plan; as for answering those thirteen questions he let us know that he is awake at the switch!

    February 9, 2009 at 11:23 pm |
  11. joyce short

    It's so nice to see the leader of the free world actually give smart and sensible answers to the press, i feel President Obama kind of started off on a bumpy road with all the repuplicans, they can play a good game but when they get the ball they fumble everytime, President Obama is going to do well, nobody is perfect, he's going to make mistakes, but he is the right person in this time of history, can you imagine how mcshame and dimwit palin would be handling this crisis, he would have already had a heart attack by now and she would still be blaming the press for all her misgivings....53percent of the country voted for this president we all need to stand behind him, God bless you and your family Mr. President and GOD BLESS AMERICA........

    February 9, 2009 at 10:04 pm |
  12. Sandy

    I thought he went back to Washington his congressional vote on the TARP, so I am not buying that he "iherited" the problem. He voted for it!!!!

    February 9, 2009 at 10:03 pm |
  13. Nancy Taylor

    I believe President Obama is sincere in his word, thought and deed.Nothing will be resolved overnight. What is stressful to me is that certain groups, politicians and people in this country want to see him fail. It's like cutting off your nose to spite your face. If the Republicans have any better ideas, then bring them on, which they have not. Tax cuts for the rich have not worked for the past several years, so stop with your same stale ideas that have put this country where it is today. When you go to a board meeting and you disagree with every idea that is put on the table and you don't have any to put on the table, then take your damned marbles and go home.

    February 9, 2009 at 9:16 pm |
  14. Alex

    Too many cooks spoil the broth. Cannot believe how many cooks have been trying to bog down this much needed recovery program, many with opinions that reveal shocking ignorance in many people in top leadership positions.

    However, listening to the President in Indiana, it is evident that he will get us out of this mess, both on our short and long term needs. He knows what he is doing, he is super intelligent, and he is surrounded by the smartest people in this country.

    I say, let us give our President a chance to get us out of this mess.

    February 9, 2009 at 6:17 pm |
  15. Keith Read

    President Obama's monstrous "stimulous package" of "zombie" Keynesianism is just the "same old tired ideas" of fallacious economics. It will fail. If there is anything proper for the government to do, then it would be to refund the Income Taxes of all those laid off between January 2007 or 2008 up to February 09,2009. That would be returning of wealth to its proper owners and cost nobody anything. How to deal with business losses and taxes paid, I don't know. For homeowners, perhaps return property taxes. Also and more importantly there should be investigation, prosecution, fining and imprisonment of the SEC, politicians as well as those on Wall Street who by fraud or ignorance, brought about the financial crisis.
    The most cogent and concise presentation that I have read was by Michael Lewis in Conde Nast Portfolio, Dec2008/Jan2009.

    February 9, 2009 at 5:33 pm |
  16. Maria Vega nyc

    Please, don't anyone mention the word "honeymoon" anymore.
    What nerve, Obama has a mandate and the Republicans act like they
    just won the election and have the mandate.
    "A" Republican administration just left us all in a mess and the Republicans are defying our elected president on his stimulus bill.
    Is there something wrong with this picture?

    February 9, 2009 at 5:20 pm |
  17. jarrod

    How much is it going to cost Americans already stressed taxdollars to get this stimulas passed IF there can't be an agreement reached all this back and forth is costing each of us by the day It has long been understood that fighting does'nt solve anything

    February 9, 2009 at 5:01 pm |