Obama's Advisor: "Come January 20th, out with the Teetering, and in with a Bang"

[FrenchieCat]

Story number 1 on my local news.
The reporter announced, the Obama Administration said....."Come January 20th, out with the Teetering, and in with a Bang"

Then they showed Goolsbee speaking this quote.

They are calling Obama's plan the new New Deal.

They also showed Axlerod during his appearance on the Morning show, This Week talking about the stimuli packet.

Then they Showed Romney bloviating about how the stimulus price tag is too large, blah, blah, blah.

Then showed a U.C. Berkeley Economics Proffessor saying that the price tag was pretty small,
relative to what was done during the Depression.....and how during the Depression, they put a million of people to work in less than a month.

In reference to the Big Three and bankruptcy, they again showed Axlerod, this time talking on "This Week" saying that they just need to come in with a plan.

Also showed Polosi saying that Bankruptcy was out of the question.

They did not report on Citibank, and the supposed 20 Billion that Bush has decided to give them. :(

[firedupdem]

1. I cannot wait until the 20th. This country is sinking right now and

Obama has so much to fix. I cannot wait until the new administration is in and working full time on repairing the destruction of the past 8 years.

on edit: evidently he's already working...Bush is doing nothing and needs to get the hell out.

[FrenchieCat]

2. In with a Bang.......is gonna end up being an understatement.

They also said that Obama, although initially wasn't going to get involved, feel compeled to do so, as the economy becomes much, much worse.

[firedupdem]

3. thats a real leader with real goals! n/t

[Thrill]

4. The UC Berkeley Professor was probably Robert Reich

[FrenchieCat]

6. Naw....I know Reich. This was someone else......

Older gent with a beard and glasses. Didn't get his name though.

[lapfog_1]

5. We've been agonizing for weeks over a GM/Ford/Chrysler

bailout of $25 B. hearings held. CEO's chastised on their mode of travel. Lots of TV time for proponents and opponents.

They slipped this $20 B bailout of a single firm (a firm that doesn't actually make anything and employs a lot less people than the auto companies) in without any public review and seemingly in the dead of night.

And it's not the $20 B, it's the loan guarantee of $300 B against known bad assets. No write downs of the asset values. None. We are going to pay full price. With that loan guarantee, they will foreclose like crazy to get the asset, declare it bad, and make the taxpayer pay the difference.

What a wonderful Thanksgiving and Christmas present. For the Citigroup and their shareholders. Not so much for homeowners, UAW workers, the unemployed, and the taxpayers.

[FrenchieCat]

7. I'm sure we'll hear more about this CitiGroup situation......I hope.

The News report also mentioned Obama's morning conference tommorrow. ABC is going to have it on live.

[happychatter]

8. If we don't have a Depression, WW3 and the Bill of Rights is restored?

I'll be dancing in the damn streets

how bout that?

[bigbrother05]

9. Need to watch the Ben Stein/Neil Cavuto clip on the FP

Ben is arguing that the overall bailout isn't nearly large enough, that it's just a start and will have to be much larger to cover a broader part of the economy before we're out of the danger. In true Faux style, Cavuto argues that he is dead wrong, doesn't know what he's talking about, and thinks we should let GM fail.

We can argue the details, but even folks like Stein know the Obama Admin will have their hands full to pull us out of the flat spin our economy is in now.