Obama touts economic aid plan's impact on average Americans

Sunday 25th January, 07:05 AM JST

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IcingDeath at 11:32 PM JST - 25th January

Dude, did you just copy and paste a response from another thread? I swear I just read this same response from another topic. Anyway, Like I said before, the money for this Stimulus plan isn't coming from anyone but the good ole US taxpayer.
SuperLib at 11:52 PM JST - 25th January

USA needs to end the trade defecit

What's a defecit? ;)

The US probably will never end our trade deficit. We have too much money compared to other countries. You're asking people in countries like Mexico to buy just as many American products as we buy Mexican products. I'm sure you can see the hurdle. Besides, direct foreign investment in the US generally cancels out deficits, but I'm sure you already know about that stuff.

Most foreign economies worship the American consumer as God. It's their own inability to diversify that's put them in the position they're in now. Japanese companies like Sony and Toyota are slashing profits, countries like Iran and Venezuela are about to face going under from the drop in oil prices, and countries like China are up against the real threat of civil unrest with their job losses. It was their choice to frame their models around the almighty American consumer, but I admit I do get a kick out of hearing lectures from those countries. I get the sense that they feel they're owed an apology of some sort for Americans buying too many of their products as if they'd warned us against doing so.

In the end the US will have to tighten our belts, rely less on credit, and consume less overall. Other countries will just have to learn to live with it and layoff their workers if they can't compete. Your own greed put you in this position and the US owes you nothing. If anything you should thank us for transferring wealth for so long.
Taka313 at 12:34 AM JST - 26th January

Nessie,

Thank you for pointing out the truth. Here's one from the NYT that goes back a little further in debunking that right-wing falsehood:

http://www.nytimes.com/imagepages/2009/01/23/business/20090124CHARTSGRAPHIC.html

Not only do republicans spend more than Democrats when in the White House, they create fewer jobs as well.

Lastly, I find it pretty funny that the people on this thread complaining about not getting anything from the government are the same people who preach about personal responsibility. Maybe the first thing they should be given is a sense of intellectual self-reflection.

Taka
TheMarion at 12:56 AM JST - 26th January

First -- know that I am a 88 year old former Marine who lives off and on in both Okinawa and in California. I also remember vividly the Great Depression of the late twenty's and I can say that today we are in another depression! My wife (Okinawan) and I own a restuarant and we are on the edge of going under from taxes - taxes and then some more taxes. Businesses all over the USA are closing and millions are losing their employment and hundreds of thousands are losing their homes. Our leadership can't agree with anything and Obama was a effort to find a change, but so far , all we are getting is more taxes that only the Lord knows where this money goes.
Roger2 at 01:11 AM JST - 26th January

Pyramid schemes end when they run out of new people ready to join the bottom of the pyramid. The pyramid is now collapsing.

On top of the pyramid you have the banks. They create money out of nothing, usually as digits in a computer. They then “lend” this money to the people who have to pay it back with interest. Up the pyramid goes real stuff, down the pyramid goes paper worth “nothing.” When people do not get new people to join in the pyramid collapses.

God help us all.
VOR at 01:33 AM JST - 26th January

“It’s a plan that will save or create 3 to 4 million jobs over the next few years” and recognizes “there are millions of Americans trying to find work even as, all around the country, there’s so much work to be done,” he said.

very slippery statement. save or create 3 to 4 million jobs over the next few years. really? i get the create part. job creation can be measured. i don't get the save part. Unless he specifies which jobs he is saving there really is no way to hold him accountable and he knew it when he constructed his statement.

tax and spend and borrow. time for the accountability obama talked about during his campaign. will the people who voted for obama now turn a blind eye? you betcha, obama is pop cultures latest idol.
adaydream at 02:29 AM JST - 26th January

I love all the garbage post by the right wingers here on JT. We just went eight years of their ideas, ideologies and practices and look where we're at.

If I was a republican I'd be a little more quiet and allow a new idea to take effect. We know where the republican playbook got us. It has gotten so far off kilter and all you republicans can do is whine about something that has a chance.

Remember what george bush said right after his 2004 election, paraphrased, "I gained clout and I intend to spend it." Well, Barack Obama earned clout and he's going to spend it. < :-)
rajakumar at 03:05 AM JST - 26th January

Obama is bringing real changes in many things. Many nations may follow the new America way out of woes. USA can rise again,via Obama's positive feeling and vibes for all american good values . There is a need for a new way to pursuit of happiness again, via various trials and errors.

TARP aided Companies in Dow has pulled the economy down,but Obama can push economy up again to highs again, in next 8 years or sooner.

Obama is okay in his plans,USA is in okay hands. When the going gets tough in economy,the tough plans need to get going.
MottoMatto at 03:35 AM JST - 26th January

who cares about the dollar's value, who cares about the "economy" of america. basically, the government and big business need to quit screwing over the average joe. it's no news to europe or the rest of the world. i'm american and i'm tired of having this crap shoved in my face the same as everyone else. the number of jobs lost, the amount of increasing debt. you can get people worked up over anything with the right words and dress. basically, we need to quit thinking about "america" and start thinking about people and making things better for everyone.
USAFdude at 04:30 AM JST - 26th January

IcingDeath - ROTFLMAO!
GJDailleult at 06:25 AM JST - 26th January

Anyway, Like I said before, the money for this Stimulus plan isn't coming from anyone but the good ole US taxpayer.

No it isn't. It is coming from China, which has no choice because if the USA collapses they do to. It is also coming from Japan and any other country which is either in the same boat, or just foolish enough to buy US debt. It is not coming from the US taxpayer. Their tax money was spent a long time ago.

And Roger2 - No, not everybody knows the USA is bankrupt, and you should know that if you read the comments on this website. That is why you see all the whinging about taxes and the nanny state and Democrats and blah, blah, blah. It is like a horror movie where some guys sit around and plot how to get even with the popular new guy at school, but never notice the psychotic axe-murderer peering in the window.
VOR at 12:21 PM JST - 26th January

i like how the lefties continue to place total blame on Bush and yet at the same time remind us that Obama is just one man and can't do it alone.

You can believe one or the other but you can't believe both. I happen to believe the latter.

Will Obama and his Democrats in congress be responsible stewards with the American tax dollar or are they going to raid the coffers and serve every special interest that got them back in power. Thank god for the freedom of information act, the democrats will be exposed for what they are; liars, cheats and thieves.
YangYong at 07:02 PM JST - 26th January

In eight years time when President Obama's presidency comes to its end the world will be a much better place and much more than an average history will remind us how great a revolution this man began in areas such as the economy. Watch and learn as a true leader and a damn right good politician shapes a brighter future.
wuzzademcrat at 07:13 PM JST - 26th January

"In eight years time when President Obama's presidency comes to its end the world will be a much better place and much more than an average history will remind us how great a revolution this man began in areas such as the economy."

LOL. Just look at what Democrats have done to California and Michigan.
Sarge at 03:26 PM JST - 27th January

The index of leading economic indicators is up for the first time in six months, and sales of existing homes are up 6.5%. The Obama recovery is underway!