Obama urges patience on economic stimulus plan

By ASSOCIATED PRESS   Sunday, July 12, 2009
ADVERTISEMENT
 

— With the economy still firmly in the grip of a tenacious recession, President Barack Obama is urging Americans to have patience and give his economic recovery plan time to work.

Restating themes he laid out in his weekly radio and Internet address, Obama said in an op-ed posted early Sunday on The Washington Post's Web site that his $787 billion stimulus program was not expected to return the economy to full health, but to provide a boost that would stop the free fall.

"So far, it has done that," the president wrote. "It was, from the start, a two-year program, and it will steadily save and create jobs as it ramps up over this summer and fall."

He said his stimulus plan must be given time to work and appealed to Americans, who are increasingly uneasy with rising unemployment and ballooning budget deficits, to let his plan "work the way it's supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity."

The public has said in polls that it was willing to give Obama time to deal with the economic mess he inherited from President George W. Bush, but with unemployment pushing toward 10 percent, that patience will likely be tested.

Republicans, sensing a political opening, have seized the opportunity to argue that Obama's economic stimulus plan was expensive and ineffective.

"Simply put, this is now President Obama's economy and the American people are beginning to question whether his policies are working," Rep. Eric Cantor of Virginia, the House Republican whip, said in the GOP's weekly address.

Obama, in the op-ed, said "Even as we rescue this economy from a full-blown crisis, I have insisted that we must rebuild it better than before."

Health care costs must be controlled, jobs created within the U.S., worker training programs established and budget deficits reduced, he said.

reader COMMENTS
Click here to view reader comments
(13)
whoanellie
Jul 13, 2009 at 10:21 a.m.
Suggest removal

He also said that unemployment wouldn't go above 8% if they signed the stimulus bill, it's now verging on 10% and climbing with no end in sight! I also don't see any of this saving jobs thing going on either!

rexkramer
Jul 13, 2009 at 2:30 a.m.
Suggest removal

Patience...hmmm...isn't this the same President who said back in February that if we didn't pass this spending bill right now, before the weekend there would be certain disaster, the economy would collapse, the stars would fall? Now that the rest of the folks who didn't already see this bill for the spend fest that it is are waking up we need to preach patience. Note to Prez, you're only going to be able to play the "inherited" a.k.a. Blame Bush card for so long, then folks are actually going to expect results, and I mean actual results, not just baseless proclamations about jobs allegedly saved.

RetiredAirForce
Jul 12, 2009 at 10:22 p.m.
Suggest removal

Yes, the wasteful porkulus spending was all Bush's fault...

garyprimer
Jul 12, 2009 at 5:36 p.m.
Suggest removal

There never was a surplus. That was just wishful thinking and creative accounting. It was kind of like having Enron run the CBO.

usaret
Jul 12, 2009 at 5:10 p.m.
Suggest removal

Now we have a President who wants to make sure thats where we stay.

NVgrf
Jul 12, 2009 at 11:44 a.m.
Suggest removal

We had 8 years for Bush to run a surplus down the frigging toilet. I thought we were pretty patient during that disaster.

chainsawchuckie
Jul 12, 2009 at 11:19 a.m.
Suggest removal

does it matter?????

garyprimer
Jul 12, 2009 at 11:06 a.m.
Suggest removal

Is this a "five-year plan"?

chainsawchuckie
Jul 12, 2009 at 9:03 a.m.
Suggest removal

I still smell a rat.............

usaret
Jul 12, 2009 at 8:41 a.m.
Suggest removal

He rushed the stimulus plan saying it was needed right away.
Nobody read the stimulus bill.
Said this would put us back on track starting right away.
Now, he wants us to have patience!
His plan may work in time but will any of us be around to see it?

sannio
Jul 12, 2009 at 8:07 a.m.
Suggest removal

I don't like borrowing money from a communist country like China, or a repressive monarchy like Saudi Arabia. It makes me think our free democratic system has failed big time. Has it?

Before you post a comment, consider this:

Note: GazetteXtra.com does not condone or review every comment. Read more in our User Policy Agreement
  • Keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.
  • Don't threaten to hurt or kill anyone.
  • Be nice. No racism, sexism or any other sort of -ism that degrades another person.
  • Harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind.  Hit the "Suggest Removal" button on offensive comments.
  • Share what you know. Give us your eyewitness accounts, background, observations and history.
  • Do not libel anyone. Libel is writing something false about someone that damages that person's reputation.
  • Ask questions. What more do you want to know about the story?
  • Stay focused. Keep on the story's topic.
  • Help us get it right. If you spot a factual error or misspelling, email newsroom@gazettextra.com or call 1-800-362-6712.
  • Remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.

Post Comment

Commenting requires registration.

Username:
Password: (Forgotten your password?)

Comment:

ADVERTISEMENT