MIDDLE-CLASS AMERICAN: I'M 'EXHAUSTED OF DEFENDING YOU'

[kpete]

Source: Huffington Post


In a town hall discussion broadcast live on CNBC Monday, President Barack Obama said the country's economy is "moving in the right direction" -- even if it doesn't feel that way.

Responding to questions from, in addition to the host John Harwood, a student, a Wall Streeter, a small business-owner and a self-described member of the middle class, the president acknowledged that "times are tough for everybody," but pointed to his record so far as president and asked the audience to trust in his agenda. "We went through the worst recession since the Great Depression," he said. "Those programs that we put in place worked. So now you've got a financial system that is stable. ...The challenge is that the hole was so deep."

The tough questions came near the beginning. The chief financial officer for a veterans service organization, who called herself a "middle-class American," said she was "exhausted of defending you" and "deeply disappointed with where we are right now."

Read more: http://www.huffingtonpost.com/2010/09/20/obama-on-cnbc_n_731917.html

[KILL THE WISE ONE]

1. but they did not show Obama's responce ???? WTF

[monmouth]

2. And yet a standing ovation when he was finished....LOL...n/t

[Skittles]

3. yes it is moving in the right direction

problem is, we would prefer it move in the LEFT direction

[PufPuf23]

4. Imagine this.

The "too big to fail" were failed into component parts that worked or failed.

The same dollars given in TARP went to reduce mortgages to market, repay student loans, and raise social security and othe swocial insurance programs.

Feeding at the bottom would have a 4-7 X multiplier effect and increase demand and provide more viable niches for local businesses.

Tax revenues would have increased.

Aside: There should be a transaction tax on Wall Street, this would dampen market volatility as well as raise revenue. Also would decrease speculation as speculation is based upon market volatility not value.

WPA/CCC/CETA type programs are a no-brainer and AFAICS is not in the radar.

Real $ injected into the economy to fuel spending is much more effective than tax cuts.

Military costs are out of hand and counter-productive except for those that directly benefit regardless of personal risk.

[LeftHandPath]

5. Bingo!

You nailed it.

You'd have to be an idiot to claim Obama is/was anti-business.

Every one of these conglomerate banks should be shut down immediately, and all their bonuses over the past 10 years should be clawed back to pay for their damage to our economy.

Too big to fail = too big to exist.

Now we have an army of zombie banks, still insolvent, still blowing bubbles, still wreaking havoc on our economy.

[Scurrilous]

6. BTTT

:kick:

[boppers]

7. Yet another thread on this...

Where rich folks whine about struggling, while buying new shoes and sending their kids to private school.

[HughMoran]

8. Obama: Reforms, Economy Are 'Moving In The Right Direction'

Your subject line is fabricated. Unrec.