Obama is now engaged in fear mongering. He claims if the so called Stimulus Bill isn’t pass, America will never recover.
Obama warns of need for stimulus bill right away
WASHINGTON – President Barack Obama warned on Thursday that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.
In an op-ed piece in The Washington Post, the president argued that each day without his stimulus package, Americans lose more jobs, savings and homes. His message came as congressional leaders struggle to control the huge stimulus billthat’s been growing larger by the day in the Senate. The addition of a new tax break for homebuyers Wednesday evening sent the price tag well past $900 billion.
Senate Democratic leaders hope for passage of the legislation by Friday at the latest, although prospects appear to hinge on crafting a series of spending reductions that would make the bill more palatable to centrists in both parties.
Obama painted a bleak picture if lawmakers do nothing
I have read over this stimulus plan and I don’t see how it will revive the economy. It doesn’t address the housing crisis, tax reform or the effects of globalization. This is just a waste of money. Obama is using scare tactics to silence debate. Typical Stalinist tactic.
