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Obama on Critics: "Are These Folks Serious?"

Obama on Critics: "Are These Folks Serious?"

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Obama on Critics: "Are these folks serious?" Speaking at the Energy Department today, President Obama had tough words for stimulus bill critics. He said: "I read the other day that critics of this plan ridiculed our notion that we should use part of the money to modernize the entire fleet of federal vehicles to take advantage of state of the art fuel efficiency. This is what they call pork. You know the truth. It will not only save the government significant money over time, it will not only create manufacturing jobs for folks who are making these cars . . . Is it any wonder that we haven't had a real energy policy in this country?"

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stephley stephley 7 years
Enough fear mongering? It takes a lot of nerve for that to come from your side of things...
organicsugr organicsugr 7 years
"A costly program that gets a country through a its worst crisis is a worthwhile program." Worst crisis? By what measure? Enough fear mongering.
hausfrau hausfrau 7 years
I have no problem with replacing govt vehicles with hybrids as they need to be replaced after however many years. But there is no sense in wiping out a whole fleet to replace them with hybrids.
hausfrau hausfrau 7 years
I feel like there needs to be an agrement on what is stimulative. So much of this stuff belongs in a regular budget, not a stimulus.
hausfrau hausfrau 7 years
You don't buy a hybrid and save money that day. You have to make up that cost and as I just said, studies show it takes years to make up that cost. And in the meantime all we've got is a new product that no one else can buy. That part is just a band aid. Its not a solution.
hausfrau hausfrau 7 years
Look I'm not going to go through the arguments against hybrids for the 100th time. Why just hybrids? Why not diesels? Not to mention that its been proven you have at least 3 years before you make up the extra cost of a hybrid in fuel savings. All of these arguments are being ignored because it doesn't matter, if it says its green, it must be green and thats all that matters. It just doesn't make sense. Remember the gas crisis? And financial advisors got asked all the time, should I trade in my paid off truck for a new hybrid? And every single one of them said NO. It's not worth it. It will cost you more. Cars arent cell phones. You don't buy a new one in a year or two, you hang on to them for at least 5 years. That is why its highly risky to think people will be back to buying new cars in a year. It's not going to happen.
Jillness Jillness 7 years
""save the government significant money over time" what about saving the american people money now?" Are you serious???? He is talking about tax payers having to foot a much smaller gas bill for federal vehicles. You are REALLY against that? Why would paying more for gas be a good thing. Please explain. With money, sometimes you have to make an initial investment to save dramatically in the long run.
Jillness Jillness 7 years
Haus, your argument is not realistic. You hire people for a year, and poof, their job does NOT go away. 1.) Car buying has dipped, yes, but it will not be forever, American society is dependent on cars. They will always need to buy them, even if it slows for a bit, they will need to get a new one eventually. The question isn't if but when. 2.) When one person is employed for a long project, during those months/years of employment they are getting paid and reinvesting that money into their communities, there by creating OTHER jobs. That is why this stimulus is so needed. It gets the ball rolling again. 3.) Republicans are calling investment in water sanitation "pork", so that term has lost all meaning. And while we can look to history for guidance, we can not depend on it. This is situation has never happened before because it is GLOBAL. Our economies have never been so intertwined. Before, we could depend on the help of exports, and the growth in other countries. In this situation, there is no one to help dig us out. The entire globe is having difficulties.
CaterpillarGirl CaterpillarGirl 7 years
"save the government significant money over time" what about saving the american people money now?
skb9850 skb9850 7 years
What about the $2 billion in the stimulus package for a near-zero emissions plant that the Department of Energy has already said is obsolete because of new technology? That sounds like a lot of pork for the state of Illinois. I don't have a link to the original article but here is a blog on the issue: http://teamsugar.com/group/974220/blog/2775614
hausfrau hausfrau 7 years
If the automakers declared bankruptcy they wouldn't go out of business, they'd just reorganize and possibly get bought out by bigger companies who aren't struggling as much and therefore, one can suspect, run their companies more effectively.
hausfrau hausfrau 7 years
So I just feel like we need to look at the big picture here and in the big picture no one is buying cars. He could have used a much better example than that one, that car stipulation I think is the best example of the bad parts about the bill.
hausfrau hausfrau 7 years
No TS I would prefer to let the American auto makers declare bankruptcy and fall entirely. That's always been my position. In fact most C level company heads agree with that. The first bailout I was willing to hear the arguments on but after seeing how that did nothing now I'm much more skeptical. And looking at how the housing numbers are improving I wonder if thats an indication of how other sectors will begin improving again, it started with housing, it might end there too. I just don't buy the economic "doom, gloom, and despair". The more I think about it the more it sounds like fear mongering to get things passed that have no business being in a stimulus.
True-Song True-Song 7 years
Haus, I don't understand. You would prefer the government take a more permanent role in propping up the auto industry? That seems like it would go against your conservative ideals. No, the government can't say, "Okay, we'll buy all the cars you can make forever!" but temporary jobs>no jobs. Not addressing haus anymore, this seems to me like an issue that very few people know enough about to really say anything intelligent and an issue just ripe for partisan blustering. Tax cuts, spending programs, debt forgiveness, unemployment...if any of us really knew what the magic combination was that would fix the economy, we wouldn't be in this mess in the first place. We may as well consult an astrologer.
wren1 wren1 7 years
Ditto bleusaralou!
Grandpa Grandpa 7 years
My generation is screwing your generation, for a few more years of the good life; after all we won't be around all that long to suffer the consequences. You can not live beyond your means forever, whether you are a family or a country.
Grandpa Grandpa 7 years
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing… CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter. CBO said there is no crowding out in the short term, so the plan would succeed in boosting growth in 2009 and 2010.
bluesarahlou bluesarahlou 7 years
"BLAME THE REPUBLICANS!!!!!! " Done and done! :P
hausfrau hausfrau 7 years
He's just pissed off because this stimulus has become nothing but a Christmas tree for pet projects that deliver no long term growth. This is meant to STIMULATE, make long term growth, not just give us a shot of caffiene so we crash harder. And now most of the country is against it and its gotten out of control, add to that the embarassment of the appointments and well... I can see why he's not a happy camper. BLAME THE REPUBLICANS!!!!!!
Grandpa Grandpa 7 years
The Treasury Department paid “substantially above” market value for the financial assets purchased through the Troubled Asset Relief Program, according to the TARP oversight panel appointed by Congress. Elizabeth Warren told the Senate Banking Committee Thursday that Treasury paid $254 billion in 2008 to financial institutions through the TARP program but received only $176 billion worth of stocks and warrants. This estimate was extrapolated from an analysis of 10 transactions, Warren said. Congress created the TARP program to thaw frozen credit markets and shore up the U.S. banking system. The Treasury Department has failed to explain the reasons for the overpayments, even though some of its announced policy objectives could have led it to pay more than the stocks and warrants were worth at the time, Warren said. “Because Treasury has failed to delineate a clear reason for such an overpayment, however, the panel is unable to determine whether these objectives have been met or whether they justified the large subsidy that was created,” Warren said. That is 78 BILLION DOLLARS, 30.71% of the total amount lost to the American taxpayer. Now with this stimulus package we are going to continue the same way RUSH, PANIC, change you can believe in, or business as usual.
stephley stephley 7 years
It's been flagging a lot lately. Unemployment's never going to be 'conquered.' Temporary jobs keep people afloat until they can find permanent positions. A costly program that gets a country through a its worst crisis is a worthwhile program.
wren1 wren1 7 years
Test. Why do I keep getting flagged :?
wren1 wren1 7 years
Just because you don't agree with something that doesn't necessarily make it pork. That term is so overused it's ridiculous
wren1 wren1 7 years
Just because someone doesn't agree with something doesn't make it pork. That term is so overused it's ridiculous.
StolzeMama StolzeMama 7 years
here is one view on it http://memory.loc.gov/learn/features/timeline/depwwii/newdeal/failure.html
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