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NOVEMBER 2009
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New New Deal

Obama Introduces Rescue Plan

HP main - Obama 2 090108 397
Lawrence Jackson/AP

We’ve been hearing for some time about our “new Great Depression,” so what will our new New New Deal look like? Barack Obama offered a clue in a speech today. Obama’s “American Recovery and Reinvestment Plan” will aim to double the production of alternative energy over the next three years, computerize American medical records within five years, modernize classrooms, revamp the country’s electricity grid, and offer a $1,000 tax cut to 95 percent of working families. He announced that all money will be spent transparently, with records available online, and that it will be free of earmarks. “It is true that we cannot depend on government alone to create jobs or long-term growth,” Obama said, “but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe.”

Posted at 11:54 AM, Jan 8, 2009
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Comments ()
skycypher

We must have the smartest and the healthiest workers in our monetary based, economic democracy. Obama is spot on with his plans to recover and to rebuild through education and good wage paying jobs. No strong democracy can exist without these fundamentals in place.

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1:11 pm, Jan 8, 2009
cajola

I think PE Obama made a very compelling argument for his stimulus package, it's about time money was spent on the American people and getting this country back to work and less on these unecessary wars!!
If we can spend trillions on a war with no end in sight still, then we can surely spend money in this country and get our infrastructure up and running, build our roads and schools instead of devastating a country just to rebuild it!!
Talk about fraud, waste and abuse.... it's been done over and over during this war!!!

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3:26 pm, Jan 8, 2009
AlexinKC

In our eagerness to engage prez-elect Obama, aka FDR/JFK, and enable his socio-economic therapeutic programs, we must take care to temper his swaggering omnipotence, and avoid the disasters that can accompany even the most benevolent exercise of an unrestrained electoral mandate. The recent one billion gallon sludge spill in Tennessee can be traced directly to 1933 when FDR, with the slavish acquiescence of his minions in the legislature and the judiciary, vested the Tennessee Valley Authority with almost limitless imperial power over all it surveyed. The TVA, just like other government-created autonomous agencies like the NY State Thruway and the Port Authority, not to mention Fannie Mae and Freddie Mac, have unchecked powers that would be the envy of any despot. They were instituted as all-powerful, independent agencies initially and ostensibly to promote a highly desirable public good. The toxic industrial offal that is poisoning the Tennessee landscape, along with the sub-prime mortgage debacle, should serve to warn us that even the most well-meaning and productive programs must be tempered with careful and moral foresight that will institute vigilant and effective regulation to prevent, or at least minimize, the undesirable consequences that inevitably result from the exercise of unchecked power.

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3:33 pm, Jan 8, 2009
Margot62

I'm so sick of this tired, polluted, and indecent politcal system. I really am. They're dragging us down, folks. Time to become less a nation of "sheeple" and more a nation of people.

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1:09 am, Jan 9, 2009
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