Wednesday, March 11, 2009

VIDEO: Nervous Democrats Are Urging the White House to Hurry Up on Fixing the Economy

Reported by CNN of all places? Is the media turning on The Chosen One?

Hurry up, the Democrats ask?

Face the truth people: Obama and Geithner have no idea how to fix The Obama (Depression?) Recession!

CNN Reports:

WASHINGTON (CNN) -- Some Democrats are increasingly concerned about President Obama's $787 billion financial fix for the ailing economy, and are demanding greater transparency on further spending.

With the White House seemingly comparing the nation's economy to a house on fire, some congressional Democrats are asking, where's the fire truck?

One New Hampshire congresswoman said as much to Treasury Secretary Tim Geithner on Capitol Hill recently.

"I said, hurry, please hurry, because people are waiting and they are hurting, and they need the help now," Rep. Carol Shea-Porter, D-New Hampshire, said.

She's one of a growing number of nervous Democrats on edge or at odds with some of the Obama's administration's plans on the economy.

Some are taking aim at the president's budget proposals that would curb popular tax deductions for wealthier Americans. Watch more on why some Democrats are nervous.

"I don't think ultimately the criticism is surprising. That certainly happens and is all part of the process," said White House Press Secretary Robert Gibbs.

As a nod to moderate concerns, Obama took steps to make his budget more transparent. He included items former President George W. Bush passed separately in recent years to obscure the true operating cost of the government, such as the money for the wars in Iraq and Afghanistan, an annual multibillion-dollar fix of the fees Medicare pays physicians and Alternative Minimum Tax relief for the middle class.

Sen. Evan Bayh, D-Indiana, who along with Nebraska Democrat Ben Nelson and Connecticut Independent Joe Lieberman is one of the so-called Gang of 15 -- a coalition of moderate Democratic senators -- says it's all about the messaging.

"Like getting health care costs under control is important to the economy and getting the deficit down," he said. "Sustainable sources of energy at reasonable prices is also important to the economy. Dealing with the financial crisis is obviously important to the economy."

Bayh added: "So what needs to be done is, Obama's got to move on all these fronts but also integrate them back to the same theme of always strengthening the economy, getting people to work, growing businesses, improving our standard of living."

Stumble Upon Toolbar submit to reddit

1 comment:

  1. This is proof-positive that Team Obama have no idea how an economy works. Democrats in Congress at least understand the risk they are facing. But after committing the country's youth to a trillion dollars of debt in a single bill, are Democrats thinking that it won't work? If they were so sure Stimulus I would help, they wouldn't be this worried.