Reply #32: Where have you been? Obama supported TARP aand proposed the Stimulus Bill

[jpak]

I posted this in another thread and won't edit it...

Here's what he's DONE....

Tax reform - Obama will let the Bush Billionaire Tax Cuts expire next year - not renew them or make them permanent. Obama proposed a $500-1000 tax cut for middle income Americans (the GOP reduced that to $400-800).

Jobs - Obama's Stimulus Bill created or saved 0.6-1.6 million jobs. Obama turned the US economy from tanking at -6.4% GDP and shedding 700,000 jobs a month when he was sworn-in, to an economy now growing at +2.4% GDP and losing only 11,000 jobs a month. Unemployment is declining for a high of 10.2% - during the worst recession since the Great Depression (unemployment was far worse during Reagan's recession - 10.8%) . Obama saved us from economic collapse - period.

Obama's bailout of GM rescued tens of thousands of union jobs. GM - arguably the largest company in the world - emerged from bankruptcy in an amazingly short period of time - weeks - not months or years.

Obama supported the extension of unemployment benefits - and $100 a month bonus and COBRA subsidies - for millions of unemployed Americans.

First time home buyer tax credits stabilized a US housing market that was in free fall in January 2009.

HCR - nothing has passed in a final form so this is not a "failure". If HCR is such deal for the health insurance industry, why are they fighting it tooth and nail?

Main St vs Wall St - a false dichotomy and wrong. Obama will offer with tax credits and loans for small business and weatherization programs for homeowners on Main Street - not Wall Street.

Climate Change? R U kidding. Obama reversed 8 years of Bush climate change NON -policy and allowed EPA to declare CO2 a pollutant. Can you appreciate any of that????

Energy Independence? I'm sorry, but Congress has not yet taken up a Green Energy Bill. This is not a failure. Obama reauthorized and expanded homeowner tax credits for solar and wind installations. The stimulus package is doing LOTS for energy efficiency and alternative energy here in my home state of Maine. Maine is using stimulus money to weatherize existing homes - everyone will benefit from this. Maine colleges and universities are deploying PV arrays and wind turbines, community colleges are training solar installers and certifying weatherization technicians. Maine wind farms have received stimulus money to expand. Maine is establishing offshore wind farm sites with stimulus $$$. Maine paper mills will match millions of dollars of stimulus money to install heat recovery systems that will improve energy efficiencies at these mills by 33%. Maine has received millions in stimulus money to retrofit schools and hospitals with wood-fired heating systems - the wood produced here in Maine. Obama is spending money on high speed rail and Cash-4-Clunkers succeeded in getting gas hogs off the road and replaced them with significantly more fuel efficient vehicles.

You are wrong to bash Obama as a Do Nothing President - he has done a lot and IS SUCCEEDING.

The Obama-Failure-Meme - FAILS.

period.