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Obama: Catastrophe If Stimulus Delayed

From a breathless Associated Press:

Obama warns of catastrophe if stimulus delayed

WASHINGTON – President Barack Obama says the recession will turn into a "catastrophe" if the economic stimulus is not passed quickly.

Obama rejected several criticisms of the plan: that tax cuts alone will solve the problem, or that longer-term goals such as energy independence and health care reform are not also critical to address at the same time. The White House released some of Obama’s remarks ahead of an event on executive compensation limits.

Obama subtly referenced his win in November while arguing that recalcitrant lawmakers need to get behind his approach.

Obama urged members of Congress "to act without delay" while also promising to "work to make it stronger."

Historically, recessions and depressions used to be called “panics.” Such as in the “The Great Panic Of 1873.”

And for a real reason. For much of these things are psychological.

Mr. Obama must know this.

So why is he doing his best with his histrionics to drive down the economy?

Mr. Emanuel knows why. As did Mr. Alinsky.

Mr. Obama even admitted it in his second autobiography, The Audacity Of Hope – Thoughts On Reclaiming The American Dream, pp 90-91:


Finally—and most controversially—government has helped structure the social compact between business and the American worker…

Again, it took the shock of the Great Depression, with a third of all people finding themselves out of work, ill housed, ill clothed, and ill fed, for government to correct this imbalance. Two years into office, FDR was able to push through Congress the Social Security Act of 1935, the centerpiece of the new welfare state, a safety net that would lift almost half of all senior citizens out of poverty, provide unemployment insurance for those who had lost their jobs, and provide modest welfare payments to the disabled and the elderly poor. FDR also initiated laws that fundamentally changed the relationship between capital and labor: the forty-hour workweek, child labor laws, and minimum wage laws; and the National Labor Relations Act, which made it possible to organize broad-based industrial unions and forced employers to bargain in good faith…

For a while this seemed to be where the story would end—with FDR saving capitalism from itself through an activist federal government that invests in its people and infrastructure, regulates the marketplace, and protects labor from chronic deprivation. And in fact, for the next twenty-five years, through Republican and Democratic administrations, this model of the American welfare state enjoyed a broad consensus. There were those on the right who complained of creeping socialism, and those on the left who believed FDR had not gone far enough…

Obviously, Mr. Obama is of the second camp. those who believe “FDR had not gone far enough.”

Which is why, like Mr. Roosevelt, he needs a terrible crisis to push through his radical socialist agenda.

And the country be damned.

This article was posted by Steve on Wednesday, February 4th, 2009. Comments are currently closed.

40 Responses to “Obama: Catastrophe If Stimulus Delayed”

  1. Colonel1961 says:

    Hyperbole reigns. You can’t turn on the tv without some airhead yelling ‘crisis’!

    Ya’ll remember the story about the little boy who cried wolf?

    • Rusty Shackleford says:

      I’m thinking more “Chicken Little” and the “Right Wing Conspiracy Caused Sky Falling Of 2008”

  2. proreason says:

    If it’s such an emergency, why is 80% of the crushing spending burden in 2010 and later?

    And where does the money for the make-work scams come from? Thin air? The answer of course is that it steals from the next generation. So passage depends on the greed or stupidity of this generation….in other words, it’s a lock.

    But the msm won’t tell the public about those little details. If they did, who would bail them out?

    • Rusty Shackleford says:


      Kommen Sie Mit und versuchen, auf den braunen hemd, bitte.

      (Come with me and try on the brown shirt, please)

      Hoffnung Und Anderung!

  3. A sign of hope…Rasmussen polls indicated support for this pork-laden “stimulus” bill is dipping.

    Public support for the economic recovery plan crafted by President Obama and congressional Democrats has slipped a bit over the past week. At the same time, expectations that the plan will quickly become law have increased.

    Forty-two percent (42%) of the nation’s likely voters now support the president’s plan, roughly one-third of which is tax cuts with the rest new government spending. The latest Rasmussen Reports national telephone survey shows that 39% are opposed to it and 19% are undecided. Liberal voters overwhelmingly support the plan while conservatives are strongly opposed.

    Last week, support for the President’s plan was at 45% and opposition at 34%.


  4. Confucius says:

    Bush warned of this and look what happened.

    Maybe it’s time for Obama to move beyond Bush’s “failed policies.”

    Dude, let’s see some change . . . for a change.

  5. caligirl9 says:

    I guarantee if I had a kid in high school or college who was forced to read TCO’s book in school, I’d be in the superintendent’s office with an attorney as fast as my gimpy back and knees could carry me!

    (I wouldn’t butt in at the college though; I trust my kid would have thrown the book at the professor and either dropped the class, or if it were a required class, take herself all the way to the college/university president and above and refuse to read the book or take part in discussion. You don’t have to take part in the dissection part of an anatomy class if you so choose [I did; I refused to dissect a cat] so why make kids read crap disguised as literature?)

  6. heykev says:

    Hopefully the Republican’s have finally found their lost or misplaced cojones and will stop this pork laden package so we won’t burden our grandchildren with paying for his excesses. Maybe it should also be pointed to BHO that FDR’s stimulus package added YEARS us getting out of the Depression.

  7. wardmama4 says:

    Here is the depth of the intelligence of those behind the Generational Theft Act of 2009:

    -‘. . .500 million Americans lose their jobs every month. . . ‘- Speaker of The House Nancy Pelosi this AM.

    I sent her a quick email to resign immediately because she is too stupid to be two heartbeats away from the Presidency.

    • proreason says:

      She has repeated 500 million several times, so it’s probably deliberate propaganda.

      Most people won’t see or care that it’s wrong and dumb. Million just sounds bigger than anything with thousands in it.

      If the supine press ever calls her on it, she will just say she misspoke. oopsie.

    • Confucius says:

      Ditto. She quoted the same number just two Sundays ago.

      She really needs to ease up on the Botox. It’s affecting her brain.

  8. gipper says:

    The photographer of the above photo is very shoddy. He or she was supposed to take a picture of the seal directly behind Obama, thereby creating a halo. Christian Bale needs to school this photographer.

  9. chestnutt says:

    Yup, it’ll be a catastrophe all right! (No, WE will survive just fine…) But Hopey Changey’s PR team will be in the toilet…

    • oldswimcoach says:

      My thoughts too. The “catastrophe” is the public will come to its senses before total socialism can be implemented by the Democrats!

      It’s all in who defines “catastrophe.”

    • bill says:

      Yep, Obama breaks from the gate at the gun, and ends up driving in the stupid lane, backwards.

      What did people expect from a street walker with a wafer thin resume.

  10. Shockedandawed says:

    The difference between socialism and capitalism? Under socialism, banks are first nationalised and then go bankrupt. In the capitalist system it appears to work the other way around.

    Read more on Crunchreport.com.

  11. pdsand says:

    I throw up a little in the back of my mouth every time I read stuff like that, someone who ernestly believes that the function of a business is to provide jobs. I wish more conservatives would come out publicly decrying that kind of talk. Just tell people, that if you’re in business, the point of your business is to make you richer, and any details of the business, i.e. how many employees you have is just a means to that end. Democrats talk about any potential plan to increase business opportunities in this country and skip straight to talking about how many jobs will hopefully be created. It makes me sick. I wish a Phil Gramm or Jesse Helms were standing right beside Obama in the press conference of my dreams, and would butt in, “but more to the point, some lucky owner of this business stands to make millions in profits, if those employees do their dang jobs well”

  12. VMAN says:

    The thing that scares me is that if the O hole doesn’t get his way he’ll go running to people like Soros and others. He’ll go “Waa, waa waa please do something to hurt these bad people they won’t let me play” and Soros and his kind will do their best to wreck the economy just like they did in September and October. It seems that the super rich, for some odd reason, don’t mind socialism. I guess they figure they got theirs so screw everyone else.

    • proreason says:

      “It seems that the super rich, for some odd reason, don’t mind socialism”

      They fund socialism.

      It’s how they intend to make their aristocracy permanent.

      Capitalists have a nasty tendency to challenge their thrones. Much better to hold the usurpers down by making THEM pay onerous taxes while the rich clip tax-free coupons and buy politicians.

  13. Barbie says:

    I distinctly remember Hank Paulson, back in September, pronouncing catastrophe if the bailout for the credit and financial markets wasn’t approved. That didn’t exactly work out too well. I think I’m all ‘catastrophed’ out, plus I don’t believe President O or trust his judgement.

    • brad says:

      Those CEO bonuses didn’t stimulate a whole lot, that I recall.

      And the real catastrophe was when –somehow!– McCain was given the nod. The Repubs. should have a system in place so that a worst case scenario like McCain will not occur. We were all thinking, “Oh, there’s 10 or 12 people debating up there. –No way McCain will survive that. A short, old, spineless, lifer like that has no chance….D’oh!”

    • Barbie says:

      I’m not a CEO nor have a received a hefty CEO bonus, but I’ve seen reports on tv such bonuses do indeed stimulate the economy; the local governments want the tax money that will be paid on it, as well as it buys luxury items – that keeps quite a few people employed, actually – not to mention this kind of money is spent on electronics, restaurants, , investments, etc. . the list is endless, of course. As well as your comments about McCain – there’s nothing wrong with being short, no one can help being old, and although I opposed McCain quite often and was not happy with him, I know he’s not ‘spineless’ and it’s obvious he’s not spineless – . To my understanding, the weak link in the primaries was when any party could vote and the Dems and independents selected McCain. I don’t have a clue how it could be done, but steps should be taken to insure the voting isn’t swayed. I’m not sure how this would work since there are many questions and issues involved.

  14. brad says:

    We have a socialist government in a capitalist system. The government isn’t efficient, effective, there is no competition, people are paid no matter how slow, lazy, or stupid they are. Everyone contributes to the socialist government machine whether they want to or not. It gets bigger and more expensive every year, and the capitalist side must produce more revenues to keep it “operational.” The bureaucracy exists for the preservation of the bureaucracy.

    When you are busy flag-waving, and shedding a tear on the 911 anniversary, just remember, our LAWYERS in our oppressive government were the targets, not us. I would rather take my chances with sharia law, than the system of injustice we have oppressing us now.

    • proreason says:

      excellent insight about a socialist government in a capitalist system

    • Colonel1961 says:

      Huh? Satire, right?

    • proreason says:

      Other than the Shiria law part, the whole thing is dead on accurate.

      The first paragraph in particular is an accurate reflection of our government or any government. It’s such a truism that I would say it DEFINES what government is. That’s why we need less of it, not more.

    • Colonel1961 says:

      Yeah, my comment was about sharia…

  15. sheehanjihad says:

    one trillion dollars to stimulate the economy. only 120 billion actually being used to prevent this catastrophe being shouted from the rooftops. Ok, how about allowing a one time grant of 50 thousand dollars, tax free of course, people who can produce a W-2 form , or a copy of their 1040a from any of the past three years, and let the private sector choose which businesses will fail, and which will survive. People will pay off bills, catch up on mortgage payments, refinance, whatever. It will infuse that lofty trillion dollars directly into the economy, businesses will begin to thrive again, consumer confidence will go way up, durable goods will again be in demand, and all of the ancillary small businesses that rely on larger corporations doing well would benefit immediately.

    The way the stimulus bill stands now, those magic four million new jobs touted by the Obama administration stand to cost about 225,000 each. divide that by four, for ease of math, and you quadruple the actual beneficiaries at 50k each…and 12 million people get a head start. Since the hidden costs of the stimulus package amortized through the next four years is actually a hell of a lot more than 1 trillion, again, one can easily give over 50 million households 50k without missing a beat. The HUGE reason this would work is, there is no “group”, or “project” that would get a large lump sum to spend on whatever they wanted.

    The businesses existing would have to actually compete for consumer dollars..dollars they have and will eagerly spend, and the sense of entitlement would fade as the businesses who cant or wont offer the consumer something of value would fold. NO bailouts of any kind. This “catastrophe” that Obama is warning us of is of the democrat’s own making. Their party will suffer a loss of power and a dependent voter base if people are allowed to determine their own financial future without the safety net of governmental entitlements. The aspect of people acting unfettered from governmental largess frightens them, for their grip on power depends on them controlling every part of potential voter’s lives. Voters, not human beings.

    YES!! My idea is fraught with pitfalls! YES! My idea is probably way too simple. BUT, at least my idea is more sound than the lunacy that is before the Senate right now. AT least my idea actually empowers the people to stimulate the economy by purchasing what they need, rather than depending on the institutions and the government to cherry pick which businesses stay and which fail. It’s too easy, kind of like a fair tax system where everyone just pays a certain percentage, and the government gets what used to be called a budget. What scalds my ass is how easily it could be fixed if we had elected officials who were actually concerned about fixing the huge problems they are directly responsible for causing, but instead are more concerned about keeping their offices and perks while the rest of the nation is allowed to atrophy and hemhorrhage to keep their egos viable.

    If our government was truly for the people, this entire debacle could be fixed in under two years…..that is why we, the people, will never be allowed an opportunity to fix it ourselves. See, that would be capitalism….at it’s best. That flies in the face of the ongoing rush to socialize and paralyze the system before the population figures out what is happening to them. This isnt the first time a group of power hungry people have sacrificed an entire population to remain in power.

    And it wont be the first time that population decides they have had enough. Just wait.

  16. Odie44 says:

    The Dope hasn’t figured a few things out yet:

    As a “constitutional lawyer” – does he grasp the concept of seperation of powers? Why does this dolt continue to reference “he won, get behind me, voters chose me, me, me”. I suggest he retakes Civics 101 – and not in Chicago , NYC or Indonesia.

    What part of DEMS in the Senate not going along for the HopeyChangey ride has he not figured out?

    Bashing Bush is fodder for Kos kids and sub 75 IQ liberals – which is a good chunk. When people still dont have jobs, are working their asses off to pay the mortgage without a bailout (most honest Americans), paying down debt – they will not give 1 second of thought to how Bush – who I might add flourished leading our economy over 8 years – “screwed them up”. No – the first hammer to drop will be their local representative, 1994 redux.

    Time to put up or shut up dope, get a clue on how government works, bills are passed – in fact can someone send him School House Rock’s “I’m Just a Bill”… it will be eye opening to Bambi.

  17. freefornow says:

    Obama is acting as if he is the only one in Washington that was “chosen” by the people. Every Senator and Congressman must do what’s best for the people who “chose” them also. I am already sick to death of hearing this President rant whenever he is not agreed with. It’s going to be a looooooong four years. Yes, I said four years.

    • proreason says:

      good point free!!!

      Every representative who The Moron calls out should loudly proclaim that they are morally obligated to represent the people who voted them into office.

    • Colonel1961 says:

      Hell, it’s been a long two weeks!!

  18. Consilience says:

    Check out this crap if you want to see the intelligence of his supporters in full glory:


    I don’t know what these guys are smokin, but this is like a page from reefer madness…and they’re running the damned gov’t!

    • gipper says:

      A jewel from the webpage above: “Reason governs the Imagination”

      That’s why libs are so wacky. They don’t use reason for judgment and decision making–they use it for imagination.

    • dulcimergrl says:

      What in the world is “Reconcideration”? Is this for real? I guess I need to get high first before this stuff will make any sense.

  19. Alice L. says:

    ‘It’s all Bushs’ fault”. didn’t you know that?

  20. TickTock says:

    “Organize America”? Obamy couldn’t organize a ham sandwich.

    He preaches the politics of fear-baiting, talks down the stock-market daily, and warns of economic catastrophe…

    Let the “catastrophe” come. I much prefer working my way out of that than the alternative Dear Leader would impose upon us all.

    Can we just get rid of this commie clown?

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