Press Conference 02-15-11

 Posted by at 15:31  Politics
Feb 152011

President Obama preempted The Price is Right this morning to hold a press conference on the budget proposal he released yesterday. If you missed it, here’s the video…

A full transcript may be found here.

I found it interesting how quickly the Republicans came out against the President’s budget yesterday. They were on television condemning it within two minutes of its release. They sure are fast readers!

Also, I enjoyed our new, more aggressive press corps this morning. They were asking the tough questions that they should be asking. It would have been nice if they had acted this way with George W. Bush.

The budget for 2011

 Posted by at 18:10  economy, Politics
Feb 012010

President Obama discusses the budget he sent to Congress today for the fiscal year 2011…

This morning, I sent a budget to Congress for the coming year. It’s a budget that reflects the serious challenges facing the country. We’re at war. Our economy has lost 7 million jobs over the last two years. And our government is deeply in debt after what can only be described as a decade of profligacy.

The fact is, 10 years ago, we had a budget surplus of more than $200 billion, with projected surpluses stretching out toward the horizon. Yet over the course of the past 10 years, the previous administration and previous Congresses created an expensive new drug program, passed massive tax cuts for the wealthy, and funded two wars without paying for any of it -– all of which was compounded by recession and by rising health care costs. As a result, when I first walked through the door, the deficit stood at $1.3 trillion, with projected deficits of $8 trillion over the next decade.

If we had taken office during ordinary times, we would have started bringing down these deficits immediately. But one year ago, our country was in crisis: We were losing nearly 700,000 jobs each month, the economy was in a free fall, and the financial system was near collapse. Many feared another Great Depression. So we initiated a rescue, and that rescue was not without significant cost; it added to the deficit as well.

One year later, because of the steps we’ve taken, we’re in a very different place. But we can’t simply move beyond this crisis; we have to address the irresponsibility that led to it.

Transcript follows the break.

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Budget details

 Posted by at 18:21  economy, Politics
May 072009

The White House today released the details of its $3.4 trillion federal budget for the fiscal year beginning in October. Included was a plan to trim or eliminate 121 programs for a savings of $17 billion. Here is video of President Obama’s statement about the cuts in spending.

As you would expect, the Republicans (the infamous and rapidly declining “Party of No”) immediately unleashed a barrage of criticisms, although they have no plans or ideas of their own.

The full text of the President’s statement may be read after the break.

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Apr 292009

President Obama needs to forget about this whole bipartisanship thing. It isn’t going to happen. He needs to stop wasting time trying to include the Republicans and just let them go pout in their corner as they seem determined to do.

The President’s budget passed the House of Representatives today. Anybody care to guess how many Republicans voted for it?

House approves $3.44 trillion budget resolution

WASHINGTON (CNN) — The House of Representatives passed a $3.44 trillion budget resolution for fiscal year 2010 Wednesday, approving most of President Obama’s key spending priorities and setting the federal government in a new direction with major increases for energy, education and health care programs.

The resolution, which was approved by a vote of 233 to 193, passed in a virtual party-line vote. All but 17 House Democrats supported it, and no House Republicans voted in favor.

That’s right. None. Not a single House Republican supported our President’s budget. Remember how many House Republicans voted in favor of the American Recovery and Reinvestment Act (popularly known as “The Stimulus Bill”)? That’s right. None. We could go right on down the list and the answer would remain the same. None.

I say let them sulk and stew in their own sour juices. But, that’s me. Our President is a much bigger man than I. He’ll continue to try to include them and work with them, though I am afraid it will be to no avail.

Don’t forget… The President will be holding his third prime time press conference this evening. It begins at 8 p.m. Eastern (7 p.m. Central) and will be carried by every major broadcast network except FOX.

Gotta love our Republicans.


UPDATE: “Senate Joins House in Approving Obama’s Budget Outline.”

Statement on the budget

 Posted by at 14:42  economy, Politics
Mar 172009

President Barack Obama met privately with the chairmen of the House and Senate budget committees this morning, after which he made a public statement about the budget his administration has prepared. Watch a video of the President’s statement below.

He concluded his remarks by saying:

With the magnitude of the challenges we face right now, what we need in Washington are not more political tactics — we need more good ideas. We don’t need more point-scoring — we need more problem-solving. So if there are members of Congress who object to specific policies and proposals in this budget, then I ask them to be ready and willing to propose constructive, alternative solutions. If certain aspects of this budget people don’t think work, provide us some ideas in terms of what you do. “Just say no” is the right advice to give your teenagers about drugs. It is not an acceptable response to whatever economic policy is proposed by the other party.

The American people sent us here to get things done. And in this moment of enormous challenge, they are watching and waiting for us to lead. Let’s show them that we’re equal to this task before us. Let’s pass a budget that puts this nation on the road to lasting prosperity.

I hope there were at least a few Republicans who did not have their fingers in their ears.

The full text of the president’s remarks, as prepared for delivery, may be read after the break.

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