President Obama on Saturday morning warned the nation of a "national catastrophe" if Congress does not move quickly to pass and implement his economic rescue plan, even as he lauded the Senate's movement toward passage of an $827 billion version of the bill.
"Yesterday began with some devastating news with regard to our economic crisis," Mr. Obama said, referring to the Labor Department report Friday showing the loss of nearly 600,000 jobs in January, which moved the national unemployment rate up to 7.6 percent.
If yesterday's news was so "devastating", why did the markets do this;
Apparently, the markets see something that Obama doesn't see. The Democrat President, instead of leading depends on fear;
"If we don't move swiftly to put this plan in motion, our economic crisis could become a national catastrophe. Millions of Americans will lose their jobs, their homes, and their health care. Millions more will have to put their dreams on hold," he said.
Yes, $45 million dollars for fish barriers will solve this problem. A new waterpark in Florida is the longterm solution. Where is the bi-partisanship? Why aren't the Democrats cutting the pork out of the bill to compromise with Republicans to get their votes?
The Washington Post calls it "bipartisanship" when squishy Republicans vote with Democrats. That's not really bipartisanship - when you see the Democrats move closer to the minority party, that's bipartisanship. Convincing Susan Collins to vote with Democrats is like convincing a dog to eat a strip of bacon. It's not a question of "if" she'll eat it, it's a question of whether you'll still have your fingers when she's done eating it.
CNN reports that support for the stimulus has slipped since we began to learn what's in it;
Fifty-one percent of those questioned in a CBS News poll released Thursday evening approved of the stimulus package. That's down 12 points from a poll taken January 11-15, the last time CBS asked the question. Thirty-nine percent opposed the plan, up 15 points from the previous poll, taken before President Barack Obama was inaugurated and before the House of Representatives passed an $819 billion stimulus package, with no Republican support, on January 28.
Funny how that works - the longer the debate goes on, the more Americans find out about the stimulus and the less they like it.