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President Obama will lay out yet another plan for trying to spark some life back into the...

  • Sunday, February 10, 4:11 AM ET
    President Obama will lay out yet another plan for trying to spark some life back into the economy when he gives his State of the Union address on Tuesday. The program includes investments in infrastructure, manufacturing, clean energy and education. But as with countless proposals in the past, any new spending plans are likely to hit strong opposition from Republicans, who would probably prefer to hear about cuts and deficit reduction.
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This news story has 44 comments:

  •  
    Just stop spending other people's money Just stop it!
    10 Feb, 04:28 AM Reply Like
  •  
    It's his first, last and only plan...spending money stolen from private citizens. It's the only plan that Democrats (and most Republicans, for that matter) have. "If we just give more taxpayer dollars to my political cronies, the economy will start booming!" Yeah, right.
    10 Feb, 06:24 AM Reply Like
  •  
    US can't afford the military, cut 60%. All seniors also cut 60%, set up light labor camps with housing for everyone drawing Social Security. Build no more roads, fire teachers-police.
    Cut taxes for only those making over 200K per year.
    10 Feb, 09:01 AM Reply Like
  •  
    Mr. Tokyo makes a good point.

    (Sorry "Tokyo..." if you hold it long enough...antiques...road show..?)
    10 Feb, 09:41 AM Reply Like
  •  
    Someone needs to tell Obama it isn't his money, he has been living and using OPM his whole existence.
    10 Feb, 10:27 AM Reply Like
  •  
    One delusional troll with a profile picture of pornstar. That says it all.
    10 Feb, 05:46 PM Reply Like
  •  
    Terry the troll.
    11 Feb, 04:05 PM Reply Like
  •  
    He is brilliant and doing it on purpose. He will go down as the most successful president ever. I just wish he had the people of The United States best interest in mind. Heil 0bama.
    10 Feb, 06:28 AM Reply Like
  •  
    Mr. caupachow:

    "I just wish he had the people of The United States best interest in mind."

    Me too.

    Still...(be careful what you wish for)

    I didn't, not in my deapest-dreamist...

    Now I'm led from behind by a Citizen of the World.

    I didn't vote for that...

    come to think of it, how many Cubans thought they were "voting" for the cigar-smoking...

    (wait...I'm in favor of cigar...)

    Sorry. Woke up...

    want to go back to sleep.
    10 Feb, 04:39 PM Reply Like
  •  
    Do you ever have deja vu, Mrs. Lancaster?
    I don't think so Mr. Connors, but I can check with the kitchen.
    It's Groundhog Day!
    10 Feb, 07:39 AM Reply Like
  •  
    "We need more investment in infrastructure" is Obama's code for "I need to tax productive citizens more to reward the union hacks with huge paydays for helping me get elected".

    Get ready for effective tax rates of almost 55% when you combine city/state/federal. Gotta love having to work through July before you get to pay yourself.
    10 Feb, 08:14 AM Reply Like
  •  
    "President Obama will lay out yet another plan for trying to spark some life back into the economy when he gives his State of the Union address on Tuesday.

    (Now I see the usual suspects and they all mock this post)


    But I don't. Because...I shudn't be tellin' this but...

    ...I heard...from somebody...well...OK..... now...but...

    (can't help revealing)

    ...word out on the street is Buffett and Imelt are in town and they are lining up for a Jobs Summit.

    (OK. Kidding)

    Still...

    Hope and Change?

    Forward!

    (Half the nation looks forward to the third term. What should I tell them?)

    48 Food Stamps or Surrender?
    10 Feb, 08:41 AM Reply Like
  •  
    Whatever the plan it benefits the banks and rich.
    10 Feb, 09:06 AM Reply Like
  •  
    Plan to ignite growth should be easy enough.....just reverse everything he has done the last four years.
    10 Feb, 09:09 AM Reply Like
  •  
    Yeah, why can't everything be just like it was when Dubya left office?
    10 Feb, 03:06 PM Reply Like
  •  
    orang, look beyond the party labels. Bush was Obama-lite. We need to reverse Bush's growth in government as well. As you point out we don't want it as when Bush left office. Why continue to do what Bush did, but do it on steroids?
    10 Feb, 11:05 PM Reply Like
  •  
    C'mon, the election is over; you've bootstrapped yourself into a renewal term-job running out of money Cinderella-style every 30-days . You don't need another re-election plan.

    Don't you get tired on the same howling theme over and over again for 4 years? Is America just about the Inner City, the 23 million illegal migrants, and its Slavery Past? What about the views and concerns of those who did not vote for you? They the 49% also contributed to the economy and brought you your education and where you are today! Don't they deserve to be heard and be represented, by YOU?

    Don't be a broken radio, Sir!
    10 Feb, 09:41 AM Reply Like
  •  
    Obama is a product of 2 decades of political correctness imposed on the world by the Americans. This is payback time. LOL

    Anyway this might be new to Americans but get used to rhetoric based policies instead of common sense and symbolism and tokenism instead of real hard work.
    10 Feb, 12:10 PM Reply Like
  •  
    Babboo,that last pararaph makes way more sense than I wish it would. Good post, either way.
    10 Feb, 06:09 PM Reply Like
  •  
    The plan is simple. Destroy the U.S. from within through massive debt and the deprivation of civil liberties in the interest of national security. Quell the ensuing unrest with the Homeland Defense Force and declare martial law. Replace the system with a sham constitution which places all power in the central government.
    It's for your own good people.
    10 Feb, 10:02 AM Reply Like
  •  
    Wow, reading the comments, I guess the stock market must really hate Obama.
    10 Feb, 10:15 AM Reply Like
  •  
    Shhhhhh! Lets hope it continues as I certainly have benefitted sine 02-2009.
    10 Feb, 10:59 AM Reply Like
  •  
    I have doubled my money in his first term. One more double would be great. Keep telling everybody how bad it is.
    10 Feb, 07:29 PM Reply Like
  •  
    I agree WOW
    10 Feb, 07:52 PM Reply Like
  •  
    The stock market loves Bernanke.
    10 Feb, 08:41 PM Reply Like
  •  
    Put more into the pot now; thank you, good boy, good boy. Put in some more now, do as everyone does now; don't you hesitate any longer, put more in now. Okay, okay, thank you...for stuffing the pot...
    10 Feb, 08:50 PM Reply Like
  •  
    If we can cut defense spending, either by the sequester or more deliberately/thoughtfu... then we might have enough for what Obama proposes, and maybe even have a little left over.
    10 Feb, 10:31 AM Reply Like
  •  
    It is extremely difficult to cut military spending in any meaningful way because virtually every Congressional District depends upon it for jobs and the military industrial complex is a stable source for campaign cash and lucrative employment when political careers are over. The Pentagon doesn't want nor need some of the spending that is forced upon it by Congress. The system is set up this way on purpose. If all federal spending save social programs was eliminated, there still wouldn't be enough revenue to balance the budget. The system cannot be fixed.
    10 Feb, 11:14 AM Reply Like
  •  
    Doesn't seem like any layoffs are coming down the pipe. You've got to come down here to see it for yourself. These guys or gals are still snapping brand new BMW, Mercedes-Benz, Acura, Lexus...this Choo Choo Gravy Train is running strong, still. Obviously, these insiders know best. No cuts to this gigantic welfare system!

    Just another HOAX!
    10 Feb, 11:46 AM Reply Like
  •  
    It's really going to stick this time, I'm certain!!!!
    10 Feb, 10:36 AM Reply Like
  •  
    I have an alternate plan. Let's spend that trillion and a half year deficit on a worker subsidy. For every additional net (non illegal) worker any existing company or business hires, let's have the government give that company a subsidy of half the worker's benefit cost + pay, or $50,000 (inflation adjusted), whichever is less. That would constitute a massive incentive for companies to hire here. What are we running now, a trillion and a half deficit? We have maybe 30 million underemployed/unemployed that should be in jobs. Say average pay and benefits is 60K... that makes 30K subsidy per worker average. That is only 900 billion. We could drop the unemployment/underempl... rate to close to zero with a policy like this. It would also give the government about 8% more tax revenue directly, and probably a lot more than that from the indirect growth a measure like that would cause. If that didn't give us enough growth to wipe out the deficit, we could just scale back the subsidy as much as necessary as organic growth removed the need for it.

    This is what we should have done in 2008. Support private industry instead of just wasting the money and propping up the banks.
    10 Feb, 10:51 AM Reply Like
  •  
    No way; this 'plan' doesn't send money to his union buddies....
    10 Feb, 10:55 AM Reply Like
  •  
    Bring back Bush and create another real estate, stock bubble!
    10 Feb, 12:11 PM Reply Like
  •  
    Its pretty clear that this administration has no plan to cut the deficit. Their reasoning behind the spending increase is that it will trickle down to middle class Americans, which will boost the economy. However, this theory has not worked, and doing the same thing over and over again expecting the same result is the definition of insanity.
    10 Feb, 01:14 PM Reply Like
  •  
    Another "stimulus" plan that goes to constituencies, particularly campaign donors, much like the last. Crony socialism.
    10 Feb, 03:11 PM Reply Like
  •  
    Keep doing the good job Mr President. Ignore all clueless people.
    10 Feb, 04:27 PM Reply Like
  •  
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    10 Feb, 05:12 PM Reply Like
  •  
    Taxes pay for civilization.
    10 Feb, 05:45 PM Reply Like
  •  
    There is nothing civil about big goverment and government dependancy.
    11 Feb, 04:45 AM Reply Like
  •  
    Now, if there's one thing that could torpedo the expanding economy and this market, it's some new hare-brained scheme from Mr. O.
    10 Feb, 11:36 PM Reply Like
  •  
    Another hare brained scheme from Mr. O?....or another disasterous idea from the GOP via Paul Ryan and the tea nuts.
    11 Feb, 03:35 PM Reply Like
  •  
    Well, we know how the hare-brained scheme from Mr. O has turned out.

    Let's try something that resembles adults that understand the credit card balance needs to be re-paid at some point, rather than a child that believes a credit card is a miraculous piece of plastic with powers to buy stuff without consequence.
    11 Feb, 05:32 PM Reply Like
  •  
    Considering the fact that the dollar has lost about 20% of its value since the last SP500 high, what type of fool enjoys monetization of our massive debt through money printing? Fools reply below.
    11 Feb, 04:38 AM Reply Like
  •  
    The USD has lost 20% of it's value versus what? the Euro? the Yen? The Yuan? Rubles? The gold greater fool theory?
    11 Feb, 03:40 PM Reply Like
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