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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 07:47 AM
Original message
Obama says will do all necessary to boost economy
Source: Reuters

President Barack Obama promised on Saturday to do "all that's necessary" to boost the economy and warned, in an opening shot at critics of his budget proposals, that the country had tough choices ahead.

Obama, who has rolled out a series of proposals to address the economic crisis since taking office on January 20, expressed confidence those initiatives would work even as jobless figures rise and the economic picture worsens.

"From the day I took office, I knew that solving this crisis would not be easy, nor would it happen overnight, and we will continue to face difficult days in the months ahead," he said in his weekly radio address.

"My administration is committed to doing all that's necessary to address this crisis and lead us to a better day."

Read more: http://news.yahoo.com/s/nm/20090307/ts_nm/us_obama_6



Toward a Better Day
http://www.whitehouse.gov/blog/09/03/06/Toward-a-Better...
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 07:50 AM
Response to Original message
1. How's about staffing the Treasury Department first?
That would be nice.
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:10 PM
Response to Reply #1
6. The Treasury Department has no staff?
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:00 PM
Response to Reply #6
7. He is supposed to have 17 top deputies. Poor guy has none yet.
Understaffed Geithner can't keep up, critics say

By DANIEL WAGNER
The Associated Press
Thursday, March 5, 2009; 10:27 AM

WASHINGTON -- For five weeks, Treasury Secretary Timothy Geithner has battled the worst economic crisis in generations with no key deputies in place. That's made for a rocky debut for the man President Barack Obama put in charge of addressing the financial crisis.

With an awkward first television appearance, a bank rescue plan that lacked promised specifics and two restructured bailouts that raised taxpayer risk, Geithner has failed to calm financial markets desperate for answers.

Critics say part of the problem is that Geithner is flying solo: Not one of his top 17 deputies has been named, let alone confirmed. And without senior leadership, lower-level Treasury employees can't make decisions or represent the government in crucial conversations with banks and others.

http://www.washingtonpost.com/wp-dyn/content/article/20...
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 08:02 AM
Response to Original message
2. Then stop shoveling money at the banks, and start bottom-up, grassroots programs
to help We, the People.

Top down solutions serve only to make things worse.
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:08 PM
Response to Reply #2
5. I agree we should let
the financial system crash and burn. If you're waiting for 'we the people' to solve any problems from the bottom up you're going to be waiting a long time. People can't even bother to phone their own Representatives when a vote comes to the floor.
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madville Donating Member (743 posts) Send PM | Profile | Ignore Sat Mar-07-09 08:20 AM
Response to Original message
3. It's sad to think that all this money is evaporating into bank debt
A couple of trillion probably could have covered our healthcare costs for a year.
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quidam56 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:19 AM
Response to Original message
4. We need a cure for health care in America.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:04 PM
Response to Original message
8. Listening to Joseph Stiglitz would be helpful
http://www.alternet.org/workplace/130535/the_only_way_t...

Joseph E. Stiglitz is University Professor at Columbia University. He received the Nobel Prize in Economics in 2001 for research on the economics of information. Most recently, he is the co-author, with Linda Bilmes, of The Three Trillion Dollar War: The True Costs of the Iraq Conflict.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:05 PM
Response to Original message
9. He could replace Bernacke with Volker, Krugman or Reich any time.
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ohio2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 03:19 PM
Response to Original message
10. Confidence seems low in stimulus pork ?
find stimulus projects near you;
Take the quick start video guide first
http://stimuluswatch.org/home/tutorial
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