Obama Economic Meeting and Press Conference

November 7, 2008 RSS Feed Print

My big takeaway from Barack Obama's press conference today: Anyone who expects him to significantly scale back his spending plans because of the looming gigantic budget deficit is crazy. Sounded like full-speed ahead to me on energy and infrastructure investments, among others. (Hey, that is the fun part of the job!) ... As for taxes, he reiterated his claim that his plan is a net tax cut and that that the goal of his plan "is to provide tax relief for families that are struggling." Sounds like the the tax hikes are still in. I also note that market plunged as he was talking.

 

Reader Comments Read all comments (5)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Here comes Mr Socialist, already planning how to control your money, your 401 k's, IRA's and any money YOU have worked for. Yep, he'll put it on a big "Government's Pot" and no matter how hard you worked you'll get at retirement what THEY decide is far for you to receive.

Fre healthcare for everyone? Go to Canada and ask how many Doctors are loving their jobs with the Government controlling how much they can make, or go to ask people waiting for several months for a surgery how they feel about cause there is not enough hospitals and Doctors to do the job.

Tax relief?? Ask Canadians what happens when they make more than $65,000 a year? They pay 53% or something like than on INCOME tAX!!!!!!

Not even in the White House but already worrying millions of HARD WORKING Americans about his Hugo Chavez/Castro ideas.

Are you still on tears of happiness for his election???

Laura of AZ 11:00PM November 08, 2008

hah!

jimmy p of DC 4:43PM November 08, 2008

Spending on energy and infrastructure is far better than spending on endless muddling up things in long ago defeated and executed Hussein's Iraq.

Time to let Iraq pay for the ongoing problems in their country from their oil surplus of near $100Billion.

And if this posts twice, please tell me how to avoid it. Thank you.

Hillbillybill of TN 9:05PM November 07, 2008

Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement