Obama’s First Presser + Thoughts

Obama’s First Presser + Thoughts


Presented here in its entirety.

So far, all I’ve been seeing are high marks for Obama’s performance. I thought he tended to be a bit long winded in places, but I don’t think many Americans will be complaining about that after 8 years of a lot of simplistic hyperbole. I know I’m certainly not.

However, the thing that I noticed the most is how the President argued vigorously that this is not something that he wants to do, it’s something that he has to do. And no doubt you’ll see that same theme come up if the money doesn’t work as fast as his administration had hoped. Especially with the double dip financial fix that Geitner has proposed today.

See, House Republicans seem to think that nothing needs to be done and the whole thing can fix itself, so there’s no doubt they’ll run on that idea in 2010 regardless of whether or not it has turned out to be true. But now that Obama has been pretty much forced to gamble his presidency on an issue that wasn’t of his choosing, you can be sure that you will hear over and over and over and over again how he inherited this problem and that not taking action wasn’t an option. Because even Senate Repubs had stimulus bills on the table. They realized that their Congressional counterparts aren’t being realistic. So that’s opened up a chance for Obama to make an pretty effective case about philosophical differences about how to spend, but not differences about having to spend.

  • kranky kritter

    See, Congressional Republicans seem to think that nothing needs to be done and the whole thing can fix itself.

    To my knowledge, this does not resemble the republican position. I have not heard a single GOP leader say anything like this. If you were an honest broker, you would admit this right now, and retract the claim.

    What I have heard GOP leaders say is that they don’t think the approach of the current bill is the right one. If that’s what they believe, then opposition to this bill is not just sensible, its morally mandatory.

    I have no quarrel with anyone who says that the GOP is in no position to dictate policy these days. I agree with that wholeheartedly. But that doesn’t mean that what they ought to do is be quiet and get steamrolled, or rubber stamp a bill they don’t think will help over the long term. I am NOT a republican. Ask anyone at Stubborn Facts. I am by default cast there as Barack Obama’s most reliable defender. But I know that GOP opposition to this bill is every bit as acceptable and indeed patriotic as opposition to the Iraq war was in 2003.

  • http://itsthe21stcenturystupid.wordpress.com Jim S

    I think it does resemble the position of the House Republicans. And let’s be honest, just cutting taxes again really counts as doing nothing.

  • kranky kritter

    Jim, can you cite a quote of any GOP house leader in support of that?

    And let’s be honest, just cutting taxes again really counts as doing nothing.

    ROTFLMAO. Don’t you mean “let’s be partisan?”

    The bill that passes will include substantial expensive tax breaks. Many will simply be targeted to democratic priorities instead of recent GOP priorities: mortgage credits yes, cap gains cut no. All these count as “doing nothing” in your mind? What a small mind.

  • http://www.donklephant.com Justin Gardner

    kranky, I meant to say House Republicans, not Congressional. Slip of the keystroke. Fixed. But I think it’s clear it was an innocent mistake because I said Senate Repubs later.

    But really? You think House Repubs actually have any ideas besides tax cuts? Because, like Jim, I consider that like doing close to nothing after that didn’t work the last 8 years. You can’t come to the table with the same proposals every single time and expect to be taken seriously. At least Senate Repubs actually talked about stimulus spending.

  • http://itsthe21stcenturystupid.wordpress.com/ Jim S

    kranky, did you miss the word just in my post? There most definitely were House Republicans proposing that be our response to this crisis.

  • http://westanddivided.blogspot.com/ mw

    Ok. I get it now. Jim and Justin have explained it clearly.

    Republican tax cuts caused the recession and unemployment.

    You see Kranky, if the Republicans had only stimulated spent another trillion dollars we didn’t have, like Obama is now, everything would be fine and we would be at full employment.

    The economy’s problems of the last eight years was not aggravated by 9/11. Nor the fed pumping cheap money into a real estate asset bubble. Nor Barny Frank and Congress pushing Freddie and Fanny to increase loans to people to buy homes they cannot afford and to buy more of the securitized mortgages bundles of bad loans created by wall street. And it was not the unscrupulous lenders conning unsophisticated buyers with adjustable mortgage ripoffs to sell back to the market for the loans created by Freddy and Fanny. Not the brokerage and insurance companies like AIG perpetuating massive criminal insurance fraud by selling Credit Default Swaps to guarantee those securitized mortgages without the resources to pay off those guarantees. Not the SEC or the Federal Reserve or state Insurance regulatory agencies with responsibility for regulating these entities, asleep at the switch and failing to enforce existing regulations.

    No, it was none of those things.

    It was not even the massive bad deficit spending of the Republican Party.

    It was, in fact, those Republican tax cuts that caused it all.

    And it is all going to be fixed now, by the even more massive good deficit spending of the Democratic Party.

    You see Kranky, it is easy to understand when it is explained so clearly.