Obama speaks on economy

all sounds good right now but wait till he fills the shoes that are in there now??????????????? WOW

sure hope he is truthful

good thing we saved so much in our rainy day fund to deal with this economic problem. god only knows how much worse it could get if we had to borrow all this money from foreigners....

Who's going to buy a hybrid when gas is $1.99? You want a quick way to save the economy? Nationalize the Oil companies. Problem solved.

I am not sure who wrote this, but it is SO pertinent to the moment.
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Republicans sometimes like to mix politics and religion, but for Democrats politics is religion. The reason Republican speeches are generally much less memorable, much less inspiring is that they don't promise us the dawn of a new millennium. They might praise America and invoke patriotism, but mostly they are about workaday politics. If anyone doubts that the Democratic Party is the true party of religion in the United States, let them doubt no longer. Democrats may not talk about God as much as Republicans, and a lot of Democrats might be die-hard secularists, but their politics is so invested with the hope of a completely transformed world in which all problems and all divisions are overcome that, for them, politics is a form of religion. If Obama himself was to appear in resplendent white robes with the 'The Age of Aquarius' playing in the background, no one would be surprised. If he was suddenly to be transfigured, if he appeared in a vision with those earlier prophets, Martin Luther King and John F Kennedy, his followers would think it the most natural thing in the world and they would erect a tent for them just like in the Bible. It is this lack of a sense of proportion that makes some of Barack's speeches so completely overblown. His impressive baritone voice, his skill with words, and the way he can deliver those words in the rhythmic, hypnotic tones of the best black preachers help disguise the fact that he is a man suffering from a very severe case of Messiah-complex.

Only such a man could say, on the day he knew he had secured the Democratic nomination, that "this was the moment when the rise of the oceans began to slow and our planet began to heal".

Barack needs to realize that politics is just politics. It's not religion. We're not at the dawn of a New Age. We're not about to evolve to a new and higher level of consciousness.

MEDIA INDUCED PRESIDENT

MEDIA INDUCED PRESIDENT

MEDIA INDUCED PRESIDENT

BRAVO Barack!!!! We are behind you all the way!

Please continue to use the huge email following you developed during your campaign and put us to work! We are willing and able and we want to help.
Let us know what we can do to help you.

Saving the global economy is all of our responsability, not just yours dear Soul.

God Speed - Lets get busy :) ,

Ruth Ruth Miller

Finally someone is thinking on their toes.......A man after my own heart

Glad to see the new president putting his nose to the grindstone and putting the economy first on the list.

The deputy national political editor needs an editor.

"He also the administration to accelerate aid to the auto industry to retool to make hybrid and other fuel-efficient cars."

What?

"Obama, Vice President-elect Joe Biden, and newly named White House chief of staff Rahm Emanuel will huddled with the 17-member Transition Economic Advisory Board"

Again, what?

"Office of the President Elect" This guy is something else.

What is up with the sign on the podeium? Is this Kenya or the US? Is his plan to replace the Bald Eagle with an "olive branch." Notice how he has not responded to what others around the world have already started to do...the day after the election Russia moves missles to the Poland board and the Iraqi president's comments that Obama cannot remove the US troops as he promised. I guess that all does not matter anymore.

"Nationalize the Oil companies"

You do know that government control of the 'Commanding Heights' has failed in countless countries. There are literally too many to list.

Oh dear, I fear that the socialists now have a platform to stand on.

Sounds good to me, but do you really think this or these plans will be put into action...I sure hope so. I am middle class and have lost my job. My husbands car was reposed earlier this week. The bills are piling and there is no help. We were a two income family making about 120K a year and now that is down to about 80k. We are just paying the mortgage and other little bills. Buying food is a struggle. We were doing without, but then we realized that's nuts. We don't buy much. I go as cheap as possible.These are such worrying times. I also have an elderly father that I need to care for also. How in hell can this be done? I wrote to Sen. Marion Walsh and she never replied to me...Thanks for nothing. These politicans don't give a crap.

nash, problem is we dont own the oil because the oil isnt under us. how can you nationalize something that doesnt belong to you?

Just in case the writers read the comments: there are several typos in the artilce...just an fyi.

who wrote this story a 2 year old?

"Obama, Vice President-elect Joe Biden, and newly named White House chief of staff Rahm Emanuel will huddled with the 17-member Transition Economic Advisory Board"
"He also the administration to accelerate aid to the auto industry to retool to make hybrid and other fuel-efficient cars."

"$60 billion plan to extend unemployment benefits and food stamps"

Good.... Lets not make it easier for US companies to compete by lowering capital gains and dealing with the trade glut between US and China.

Most "middle class" folks that lost jobs are not really in the food stamp category. How is he going to help real middle class workers , professional folks that might not be "food stamp poor" but still need a hand. These people probably don't even want a handout!!! Lower their taxes, let them borrow from IRS, 401K with no penalty to get back on their feet.

Come on Obama, even may Republicans (me included) voted for you. Attack the problem at the middle class level, not the entitlement level.

I voted for this guy knowing damn well my taxes are going up $10K-20K per year (I already pay .42 on the dollar). I am hoping this guy is good on his word and not just another punish the well off and help the poor democrat.

I am willing to help out but he better see there are some hard working families that are struggling that don't necessarily fall into the food stamp poor group.

Steal from the rich and give to the poor

What is with the podium "The Office of the President Elect"? We know Sen. Obama won the election and that he will be the next President of the United States. Hopefully his team will soon understand that this sort of image creating silliness will have no place in actually governing the country.

yeah....extending food stamps....great economic stimulus! And now a bailout for the automotive industry....great start!

Noone can turn this mess around immediately. It will take at least 4 years to get on the right track.

The clown wants another stimulus package. The first one ($600.00) per person and another 1 trillion dollar bail out didn't do a thing to solve this problem, now he wants more of the same. yup change we can believe in!

"The Office of the President Elect??"

Who dreamt that up? Is that a new constitutional office? I've never heard of that one.... That is a bit ostentatious.

Read it once again. We took 8-30yrs to bury ourselves into a debt hole. You expect PrezElect Obama to deliver us into a promised land in 3days! It clearly points out that you and USA has to grow up a lot.
Here it is:

Email|Link|Comments (3) Posted by Foon Rhee, deputy national political editor November 7, 2008 02:58 PM
In his first news conference as president-elect, Barack Obama said this afternoon that it is urgent to deal with the economy, but also made clear that there's "only one president and government at a time."

"We are facing the greatest economic challenge of our lifetime," he said in Chicago, with his economic advisers arrayed behind him on stage, standing in front of a series of American flags. "Immediately after I become president I will deal with this economic crisis head-on."

Obama said there's a need for a rescue plan for the middle class to create jobs and help struggling families. He also the administration to accelerate aid to the auto industry to retool to make hybrid and other fuel-efficient cars.

The urgency of their task was made only more obvious with the latest depressing numbers. The Labor Department reported this morning that the unemployment rate jumped to 6.5 percent -- the highest in 14 years -- after the loss of another 240,000 jobs. That brings to 1.2 million the total jobs lost this year -- more than half of them since August.

Also, two of the big three US automakers reported huge losses in the third quarter -- Ford nearly $3 billion and GM $2.5 billion.

"This morning we woke up to more sobering news about the state of the economy," Obama said, noting that the country has had 10 straight months of job losses and now 10 million unemployed.

"I do not underestimate the enormity of the task that lies ahead," he added. "We have taken some major actions to date, and we will need further actions during this transition and subsequent months. Some of those choices will be difficult, but America is a strong and resilient country. I know that we will succeed if we put aside partisanship and work together as one nation. And that is what I intend to do."

Nationalize the Oil companies? nash, give me some knowledge, how would that help?

"Obama said, noting that the country has had 10 straight months of job losses and now 10 million unemployed."

And 12 million illegal immigrants in the country. Funny how those numbers seem to line up.

Seriously, does the Boston Globe not edit their correspondents any more? What a poorly written piece of journalism... And I'm for Obama

How bout stop porking all of the middle class...

I have about 20k in credit card bills, which I pay on time every month, in fact, have never missed a payment in my entire life on any bill, ever.

So, since we are using all of our taxes to bail out every business in the USA, how am I going to be "bailed out". Really, this piece of crap of a country, and yes I would absolutely leave, but no other country wants us filthy Americans, has taxed the middle calass to death, doubled our credit card minimums (under the false vise of getting America out of debt), increased electricity, gas, heating fuels, food, oh, and no one can get6 aloan, unless it's the corrupt government loaning their buddies our money. And all of you donkeys voted against repealing the Income Tax. What morons. How can 90% of the country be SHEEP? Line up for the slaughter folks.

If you believe that the best solution is to nationalize public companies, you should really consider moving to China - oh but wait, they are actually moving away from nationalized companies...how about Venezula.

It has nothing to do with truth!! It has to do with time!

YOU SHEEP, he didn't say anything that Bush hasn't already said.

Nationalize oil companies? Oh so we can kill off all innovation and competition in that sector as well. Why do you think foreign governments in other countries invite privately-held US and European companies to explore for and produce the oil? Because the have the technological know how and are allowed to re-invest their profits in innovation..that is why.

WHY BAIL OUT THE AUTO INDUSTRY?

They clearly make inferior products. Why keep letting them breathe on life support?
I havent bought an American car since 1990 - when I was a young college student who didn't know any better.

a large part of the jobs lost since august are in the financial industry. which doesn't have to with a bad economy as much as the fall of investment banks because of their own stupidity.

What is up with all of the grammar mistakes in this article? Kinda annoying lol

When's the next infomercial? Because we sure aren't getting any tough questions from the lapdog media. Can you spell C.E.N.S.O.R.S.H.I.P?

They'll have to make the white house bigger to fit Obama's ego... office of the president elect??? Lets hope he's as good a president as he is a speaker.

Yeah, the economy isn't so hot. We know that. You were hired to fix it. So what have you and your army of advisers come up with? Another useless economic stimulus package? Borrow more money from China and increase our debt? $1 trillion + down the drain and you want to add to it? I thought you were going to CHANGE President Bush's policies?

"We are facing the greatest economic challenge of our lifetime...so I am going to do nothing and leave it to others...call me if you need me."

PS -

Yep, that's "change we can believe in"!

In response to number 13. What you want to be bailed out too? How about go and find another job. There are plenty of jobs out there for people with have a brain. Go deliver pizza or work at McDonalds's. Do what you have to do to support your family. I have piles of regular bills plus medical bills. I work overtime and my wife picks up extra shifts to make more money. We don't expect to be bailed out by anybody. Maybe you should have had an emergency fund in place in case one of you guys lost your jobs. What is going on with this country that everyone expects the government to help them out.

Has even been sworn in and already food stamps are increasing to those who can qualify...wow! Kiss all that Reagan and Clinton did to lower the welfare programs good-bye. Just look at who voted for him....that is who he will govern toward....God help the working people of this country.

will someone please just let GM and Ford fail. Yes, take care of the people who lose their jobs, but do not keep sending money down a black hole. GM and Ford are just too burdened with legacy costs, awful product lines, and damaged brand names to recover.
We will still make plenty of cars in the U.S. Toyota is not the most American car, even more so than GM, because they purchase more American parts. The U.S. car market is huge, and it will also make sense to manufacture at least some autos near the consumer, and to take advantage of the skilled workforce.

Nash, you think hybrid cars get developed and manufactured in a day? The price of gas isn't going to stay at $1.99. It will take Detroit a few years to develop and mass produce fleets of hybrids to catch up with the demand brought on from $4+ gas in the future (assuming more mid-east unrest, flexing from Venezuela, or natural disasters in oil distribution routes).

Stop being shortsighted -- that's what got us into this mess in the first place. The problem isn't our dependence on foreign oil; it's our dependence on oil, period.

Quick solutions aren't effective solutions. Deal with the oil dependence problem now.

sounds great to me ... this man has so much potential .. i am just praying that it all goes well.. this is the 1st time im actully seeing a president thinking of both side of the coin .. what i mean by that is thinking about the middle class ppl like us and who are in a worsen situation then any other....

i am just praying it all comes true...and i have a feeling he would be one of our greatest presidents

Gonna take time people, this mess did not happen overnight and it will not be done in the next 69 days till Obama really takes office. So sit back, relax and wait.
At least this President understands what it was like at one point to be middle class.

Since I lost my job at Ford, I have all kinds of time to help promote Obama. Please look forward to my relentless clogging of the blogs and hopefully the Office of the President Elect will notice me and send a check to, what I suspect will be called, my Obamaville filled with unenployment Jonses like myself.

So, "Mr. Change" has a press conference. Big deal. What's the game plan? We still haven't heard the details.
"Office of the President Elect"....Obama, he is so full of himself...he's a legend in his own mind.

Nash, you think hybrid cars get developed and manufactured in a day? The price of gas isn't going to stay at $1.99. It will take Detroit a few years to develop and mass produce fleets of hybrids to catch up with the demand brought on from $4+ gas in the future (assuming more mid-east unrest, flexing from Venezuela, or natural disasters in oil distribution routes).

Stop being shortsighted -- that's what got us into this mess in the first place. The problem isn't our dependence on foreign oil; it's our dependence on oil, period.

Quick solutions aren't effective solutions. Deal with the oil dependence problem now.

Shame on the CEOs and board of directors at the Big Three US automakers! They ignored HYBRID technology as a viable alternative to achieving higher gas mileage and lower greenhouse gas emisssions. If the senior managment team at Toyota Motor Corporation had the vision back in 1997 to design and manufacture hybird vehicles, why couldn't General Motors, Ford and Chrysler take the same actions?

While I believe the Obama administration should help bail out the Big Three by retooling manufacturing plants to build hybrids, I think the buck stops at the conservative-thinking CEOs and their boards. FIRE them all at the top! Don't give them going-away bonuses either. Install new leadership with progressive ideas at the Big Three in 2009.

Thousands of automotive workers didn't need to loose their jobs if senior management was more concerned over the last decade about building fuel-efficient cars instead of powerful engines and stylish SUVs. Enormous praise goes to Toyota for building manufacturing plants in the U.S. and providing American workers with good jobs. I'll stick to my 2 Toyotas (1 Prius), thank you.

Barack, I stand behind you. I will not lower myself to the level that liberals did for the last eight years. THIS IS MY COUNTRY AND YOU ARE MY PRESIDENT! PERIOD.
If you can "get er done" then God bless you

First term Senator; no International experience; no military experience; no business experience. In addition, he made millions by "serving the people." How is this so?

People cannot find what they are searching for through an improved economic standing, simply put. Ergo, socialism will not improve the current state of the human being. In fact, the moral capacity of people is not conducive to socialism. However, this is what the plan the Obama was given requires.

FYI: he's talking about sending kids to school in exchange for military service (i.e. peace keeping mission). All this from a guy who never gave as much!

Truth,
Are you suggesting that we should not strive for a "completely transformed world in which all problems and all divisions are overcome"?
A tall order, but I'm glad I'm with the party that sees that as a goal, despite the worlds realities, instead of an asinine concept.

When will the Republicans stop crying. We have a new President and a new administration. The venom the Republicans continue to spread can only do harm the nation; it will not stop the inevitable change. They (the Republicans) would eat their own young if it would enhance their political and religious agenda. They should try getting on board and being supportive. Failure benefits no one; success benefits all.

Great to see the sheep still blindly cheering their teams.......lets not look at the real issues lets just blame the other political parties for the countries problems....The same hack arguments.....really original.

we knew nothing at the end of the press conference that we didn't know going in.
did you watch the market tank the more he spoke?

SmallBusinessGuy, you are right on! The middle class ain't po' enough to get food stamps or anything else that the "entitled" receive. It stinks. I'm living on the edge of a cardboard box and OUR government could care less, just as long as they got elected...ain't that right Mr. Frank, Mr. Kerry and Ms. Walsh. 1 down millions to go.......

Media induced president.
People who says they are patriotic to their country and love their country and then bitch about it are not so patriotic. So shut the hell up, or better yet. Record yourself when you write hateful things. Then listen to it, and dissect it to see if you are really "patriotic" or not. When you bash another person because they won the presidency, you are not patriotic. Just shut the hell up, go out there or even better yet. Think of something positive you can do on the daily basis that can help your community get better first. Instead of having all this pent up anger and hate in your heart. Learn how to give back to your community first, even if you are already giving to your community, help communities around you. If everyone does that, then you are truly "Patriotic". You are actually trying to make it a better America. If you think BASHING the next president who has a large task at hand is helping? Think Again. People who run for presidency want to help. People who are in the white house, I think deep down want to do good. You think BUSH went to the White house and hoped to fail? All I'm saying is put this "Republican,Democratic" thing to bed. Both sides are humans, both sides are trying to help. So shut the hell up on bashing Republican, and Democrats. LOOK AT YOURSELF FIRST.

I could have made the same speech in a few seconds. "I lied. I will now have to tax the middle class and typical white people too."

"Can You SMEEEELLLL What BARACK is Cookin?"

Why is this fool holding a press conference ? I'll tell you why.....because he is so full of himself he thinks of himself as a demigod.

The office of the President Elect ?????????? Are you kidding me ?????

Where is George Bush?

TheMarxist...

Every single President-elect has had a transition staff.

So you're gripe is that he called it an "office?" Get a grip.

Someone calling himself "Truth" has the nerve to accuse Obama of hyperbole? Truth, you're forgetting what the last eight years have been like. Government stopped representing the people. America's global standing was grievously injured. The Republican Party spent the entire election trying to divide the country when it could have been putting forth a coherent statement about its vision for America. Well, for those who cling to dogma and refuse to see the realities of Bush, I can see how one might cringe at the palpable sense of relief so many Americans now feel. But to call the messages "overblown," while presenting an argument that is ultimately little more than an elegant insult is the epitome of hypocrisy. So spit out the Kool-Aid before it's too late. The message you're hearing is about hope and transformation, unity and tolerance, faith and compassion. Those are big ideas our country needs to hear, and it's time we had a leader who is not afraid to voice them. A Democrat, Hillary Clinton, found out first hand that the country is getting wise to the politics of character assassination, so this is not simply a matter of the left versus the right. But there is a moral--a message Mr. Obama has stressed over and over: cynicism and distrust are not the way.

The best economic boost is tax cuts. Always has and always will be. I am all for a tax cut on the middle class but right now is not the time to raise it on the upper class. I am a republican and the only thing I fear with Barack Obama is making that 1% of the population pay more than the 40% they already do to the government. Fair is fair but that 1% is most of our employers. They are smart enough to know that if they are levied a tax increase it will trickle into the consumer paying more or come out of their employees check.

I voted for McCain and I am proud of it.

What a great deal. Obama and Pelosi want to bailout the dead or dying US auto industry. Wake up sheep. Obama and the Dems will be obligated to the unions because they helped get him elected. The bailout money is'nt going to be used to fix the industry but it will be used to fund the retirements and healthcare of the workers pension funds. What a great deal for main street help pay for the auto industries mismanagement of money. Got a problem throw cash at it maybe it will go away. Whats funny is we talk about millions and billions now like its change we throw in the ashtray of our cars. Change is stop spending.

all this negative sentiment cracks me up. You doom and gloom republicans are always looking at the next democrat presidents term as the end of the world.

Just compare Bushies 8 years and Billys 8 years. Get a clue. Keep in mind also, you are reading BOSTON.COM - An absolute liberal paper. If you want to read something that appeals to you, go read the made up stuff on Fox news. The negativity cannot continue. Realize that these last 8 years were horrible, and we have a breath of fresh air in the white house. Seriously, get a grip.

How about the Distasteful remark about Reagans??? Its his first press confrence and he already had to call and Apologize!!!! LOL this is only the Beginning! what HECK did we do...

#52 Jerry Lane - Are you kidding? It has been two days! George Bush WON the election 8 years ago and liberals are still complaining about it. I'm sure you'll be blaming Bush for everything that happens during BO's administration too!

lets be clear here, because of america's reckless spending, other countries have already went ahead and insured their banks. what just happen in this election is just another great American infomercial, more to come for those that can connect.
pyschologically it does wonder to the poor and helpless, but the country still got a scarcity credit problem, unless China and other countries print news that they're gonna pour billions into America, average american are still enjoying the infomerical that is Barrack Obama. anyone here owned a George Foreman grill yet? plan to buy one?

The guy just got elected 3 days ago. Republican crybabies are already yelping that he hasn't fixed things yet. Let's shut up and give the guy a chance to show what he can do. How's that sound?

Change is stop spending. YES INDEED

Wasn't it JFK, a liberal dem himself, who once said, "Ask not what your country can do for you, ask instead what can you do for your country"? Yet all the Kool-aid drinkers are sticking there hands out, palm facing up.

The greedy people of our naion got us into thismess. Some of yu my be readingthis now. Now we on't have tme toplay the blame game. We have to taeresponsiblity ourselves andor families collectively. It's a sad reality most countries the middle class is a dying breed. Btut o ime to dwell just push ahead, get out there and be productive. get this tion woring again. Try to conserve!!! Every litte bit helps. Be don with the hummers and the McMansions back to a simpelife.
We mad our beds now we hae to lie in them.

The greedy people of our nation got us into thismess. Some of you my be reading this now. Now we don't have time to play the blame game. We have to takeresponsiblity for ourselves and for our families collectively. It's a sad reality most countries the middle class is a dying breed. But no ime to dwell just push ahead, get out there and be productive. get this nation working powerful again. Try to conserve!!! Every litte bit helps. Be done with the hummers and the McMansions back to a simlpe life.
We made our beds now we have to lie in them.

I dont know how some of you can't see that saving the US automakers is part of Obama's overall plan. The first thing Obama needs to do is figure out what the main alternative to gas is, by figuring that out he can make the "big 3" invest in vehicles of that kind. By doing that it will increase vehicle sales and production and resurrect the US automakers. That will also help the enviroment and release the US from the dependency of foreign oil. All of it is connected and we all need to stand behind our new President.
Oh and for those of you that have a problem with "President Elect" sign, it's a show of respect. It's a reminder that he is NOT the President, he is the President Elect. Like he said there is only one president at a time. Though he wants to speak to us and share his views he cannot pass any laws or take any actions until January. Of course if he didnt put the sign up, some of you would say "what does he think he's president already", it's a no win situation. Of course if he didn't have a press conference some of you would say "what's taking him so long to talk to the American people".

How about we all stop this political crap and actually WAIT until the man is in power.