rssObama on the Economy
Friday, September 10, 2010 at 1:28 pm
- 71 Comments
This morning, President Barack Obama held a press conference, the eighth of his tenure, and focused mostly on the economy. Here’s a rundown of what he had to say.
Council of Economic Advisers: Obama formally announced that Austan Goolsbee, an economist currently on the three-person council (also an advocate of letting Chrysler fail, a skeptic of business tax cuts’ impact, and a funny guy), will become the head of the CEA. Christina Romer, the prior head, returned to the West Coast earlier this month. The president said that Goolsbee will provide “continuity” within the White House economic team, meaning no big shakeups within the administration.
In reply, Rep. John Boehner (R-Ohio) tweeted, “Instead of ‘continuity’ w/ Goolsbee, President Obama should appoint someone who has actually created jobs in the real world.”
Things are still bad: Obama said outright that Americans are “frustrated” with how the government has handled the recession, and admitted that the recovery has been “painfully slow.” Still, he praised the administration’s efforts and said they made the right choices. He said the White House has “hardly [been] Johnny-come-lately on this issue.”
“It worked,” Obama said of the stimulus. “It just hasn’t done as much as we needed.”
This stimulative proposal is definitely not a stimulus! Someone asked Obama if his recent proposal of business tax cuts is a stimulus. The word apparently polls horribly, as Obama gave a, well, awkward answer.
“There is no doubt that everything we’ve been trying to do, everything we’ve been trying to do, is designed to stimulate growth and additional jobs in the economy. That’s our entire agenda. So I have no problem with people saying the president is trying to stimulate growth and hiring. Isn’t that what I should be doing?”
Probably Warren: Obama called Elizabeth Warren — progressives’ and bookies’ favorite to head the new Consumer Financial Protection Bureau — “a dear friend.”
“She’s somebody I’ve known since I was in law school. I have been in conversations with her. She is a tremendous advocate for this idea,” he said. That said, he did not say he would name her to the post, instead saying “I’ll have an announcement soon.” It will be shocking if it is anyone other than her at this point — and the delay has some in Washington a little confused, if not really concerned.
Job growth: Jobs came up often during the 75 minutes of questions. Obama said he is focused on fostering “broad-based job growth and broad-based economic growth” to help all Americans, especially poor Americans. “I am constantly thinking about how do we create ladders for communities and individuals to climb into the middle class.” He said he wants to create a “virtuous cycle” to sweep up all workers and lift wages.
On November: Obama denied that the November midterm elections will be a referendum on the economy, though he did say the choice is between recovery with the Democrats and regressive policies with the Republicans.
Small businesses: The president again pilloried Republicans for holding up a bill of small business tax cuts and funding to gin up lending to small businesses. It has languished in the upper chamber since June. He praised by name Sen. George Voinovich (R-Ohio), retiring this year, for saying he will cross the aisle and vote for the bill, giving it the 60 votes it needs to overcome a Republican filibuster.
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Comment posted September 10, 2010 @ 8:28 pm
I find myself wondering when instead of treading water to save face for the abysmal choices of economic advisers he has made, and protecting the Blue Dog Democrats and Rahm Emanuel, this President is going to stand up and take off the kid gloves. He needs to name names of the people who have undercut every program that could have actually worked more quickly – people like John Boehner, Harry Reid, Max Baucus, Michelle Bachmann, Eric Cantor, Mitch McConnell, Chuck Grassley, Bert Stupak, Nancy Pelosi, all the GOP Senate and House Members, and every Blue Dog in both Houses. He needs to point out how all these traitors voted against a decent stimulus package, strong banking regulation, for bailouts of their banker friends and the oil industry, against unemployment benefits, and any bill that actually would help the Americans who are suffering as the result of the policies of the Bush/Clinton years that they were so quick to rubberstamp.
When President Obama stands up to these clowns, reminds Americans that they are the final line in their own defense, and what a disaster there will be if they vote in Conservatives, GOP/Tea Party candidates, or corporate/incumbent Democrats, he will always be the one who takes the fall. He needs to point out that his administration can only propose legislation, and if Congress takes those proposals and turns them into corporate giveaway programs and ignore all the experts on how to save this nation's jobs and our homes, then they deserve to be sent packing in favor of people who will actually work for the people, not corporate interests or radical political stands that will destroy this nation. He needs to start acting like a free American instead of a cowardly slave of the Clinton Democrats. This is his presidency, and unless he starts acting like it, putting into action the words he spoke so eloquently to win the nomination before the DNC got hold of him by supporting people like Weiner and Grayson publicly; by embarrassing Blue Dogs and the faux progressives like Pelosi and Reid into acting like true progressive Democrats are suppose to; and calling out the Republicans on everything they have done to stop legislation that would help Main Street while helping Wall Street. Until he does that, this president will deserve the scorn and anger of everyone who depended on him to do what he said he would do. Until he takes control of his Presidency, tells the DNC to stuff it, and does what is needed to help create a Congress that represents the people, he is nothing, not even a man.
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