Chicago—President-elect Barack Obama used his weekly radio address to drum up bi-partisan support for his nearly trillion dollar economic plan, which calls for pouring money into the nation’s infrastructure, building new schools and giving a tax cut to the middle class. Obama, who will move with his family to Washington this weekend, is scheduled to meet with leaders from both parties to discuss his proposal, which he has promised will save or create 3 million jobs over the next three years.
“For too many families, this new year brings new unease and uncertainty as bills pile up, debts continue to mount and parents worry that their children won’t have the same opportunities they had,” he said. “However we got here, the problems we face today are not Democratic problems or Republican problems. The dreams of putting a child through college, or staying in your home, or retiring with dignity and security know no boundaries of party or ideology.”
Obama has faced push back from Republicans concerned about the ballooning cost of the plan — it now stands at $775 billion — and leaders have called for public hearings and said the plan should be free of special interest earmarks.
“This is taxpayers’ money, and they deserve to know their hard-earned tax dollars aren’t being wasted,” said John Boehner (R-OH) in a statement.
Republicans have put forward a plan of their own which is largely based on reforming tax laws that they say would create one million jobs.
Obama said his plan will provide jobs in the short-term and long-term economic growth, by upgrading classroom technology and “greening” buildings and reforming the health care system.
“This plan must be designed in a new way - we can’t just fall into the old Washington habit of throwing money at the problem. We must make strategic investments that will serve as a down payment on our long-term economic future,” he said. “We must demand vigorous oversight and strict accountability for achieving results. And we must restore fiscal responsibility and make the tough choices so that as the economy recovers, the deficit starts to come down.”
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4:00 am - February 5th, 2009
President Obama’s plan , is not ‘bad’ , but unfortunately lacks any regenerative component that will actually restart the economy. It may be prudent for many to remember, that the US treasury, is not infinite. President Obama did promise to ‘listen’, so I’m calling him out to keep that promise. Time is flying, and people’s lives are at stake , but all politicians can do is bicker, accuse others of fault, and lay blame, when ALL are guilty of being asleep at the switch, right up until this moment.
NEW Concept- World FIRST: The generation of unlimited , daily, clean electricity into the national power grid, in volumes that with implementation, will outstrip the combined power yields of wind and solar energy - Concept currently UNKNOWN as alternate energy source.
Is it emerging that the global meltdown cannot be fixed by any economics team?
In the light of the energy problems being experienced across the globe, I would like to be afforded an opportunity to present a solution to lacking energy policy, under the framework
of a direct governmental agreement. I respectfully request such an arrangement due to the urgency of the global meltdown, avoiding the normal protocols of patents.
I would appreciate the opportunity to tender the concept, to be verified by any governmental team of engineers, planners, architects and scientists to directly present their verified findings to the relevant senate committee.
If interested in the proposal, I can more clearly outline the potential for massive job creation, financial stimulation and stabilization of the stock markets, and all related industry, and markets and ultimately the methodology that can be applied to achieving better energy security, helping wean economies from high oil dependance.
Consideration of this proposal may lead you to conclude that much less can be invested in wind/solar/biofuels, and still have a more positive energy yield. You might also consider the impacts of substantially lowered carbon emissions and the related effects on climate change that can be more directly addressed.
As you see the nations of the globe deteriorate, in spite of every stimulus effort I would urge you to understand that mere liquidity, in this instance, can fix nothing.
Current stimulus only serves to throw taxpayers,and borrowed dollars, on a financial bonfire.
Thank you for any consideration. Perhaps take some time to read the content at the link below…and if you can help me reach the President,please do.
http://sites.google.com/site/newenergyworldfirst/