Posted By RichC on February 9, 2009
President Barack Obama pushed for public support to get behind an economic stimulus plan Monday evening in his first press conference. His push for an $800 billion-plus package used “fear” to push for passage of a bill that has seen little public detail; speculation has been debated as to what is pork and what is not? Sadly nobody knows if putting our children into debt to this degree will work to bring our country out of this recession or if recovery will happen without such excessive government spending.
President Obama’s position is that “doing nothing” is not an option on his watch and expects congress needs to get together and give him a bill quickly. Obama pledged that the package he wants will create four million jobs and provide tax relief to middle-income families. He said ” if there’s anyone out there who still doesn’t believe this constitutes a full-blown crisis, I suggest speaking to one of the millions of Americans whose lives have been turned upside down because they don’t know where their next paycheck is coming from.”
There seems to be a debate as to what really is being proposed in congress, although Obama states that there are “no earmarks.” Republicans, argue that the plan will create an unprecedented expansion of the federal government and that what is really needed are two things: a permenant middle class tax cut and job creation stimulation — they point to the Reagan years as to how to stimulate our economy.