Archive for Sunday, September 5, 2010

Obama: ‘Recommit’ to middle class

September 5, 2010


— Saying that his policies have “stopped the bleeding” in the job market, President Barack Obama called Saturday on the country to “recommit” to helping the middle class.

“This Labor Day, we are reminded that we didn’t become the most prosperous country in the world by rewarding greed and recklessness. We did it by rewarding hard work and responsibility. We did it by recognizing that we rise or we fall together as one nation — one people — all of us vested in one another,” Obama said in his weekly radio and Internet address.

Heading into a week of major economic events, the president is attempting to walk a familiar fine line between sounding optimistic and realistic, striking a forward-looking tone even as he recounts reasons why the U.S. economy has sagged for so long.

“I don’t have to tell you that this is a very tough time for our country,” he said.

Labor Day is about more than grilling food and spending time with family and friends, Obama said.

“It’s also a day to honor the American worker — to reaffirm our commitment to the great American middle class that has, for generations, made our economy the envy of the world,” he said.


Sunny Parker 7 years, 6 months ago

Take another vacation Obomby....we don't want to hear it!

Flap Doodle 7 years, 6 months ago

"Saying that his policies have “stopped the bleeding” in the job market,.." When a patient's heart stops beating, bleeding does stop.

Richard Heckler 7 years, 6 months ago

All of us should become acquainted with some important events in history that impacted/desrtoyed the job market,retirement plans,housing market and destroyed the economy substantially twice between Reagan/Bush and of course during Bush/Cheney.

We all should be able to agree it will take more than one or two summers to recover from...

What is important to note about the Reagan/Bush S&L scandal is that it was the largest theft in the history of the world and US tax payers are who was robbed.

The problems occurred in the Savings and Loan industry as they relate to theft because the industry was deregulated under the Reagan/Bush administration and restrictions were eased on the industry so much that abuse and misuse of funds became easy, rampant, and went unchecked.

And, yes, substantial fraud was involved in the Bush/Cheney Home Loan Scandal. For example, mortgage companies and banks used deceit to get people to take on mortgages when there was no possibility that the borrowers would be able to meet the payments. Not only was this fraud, but this fraud depended on government authorities ignoring their regulatory responsibilities.

All of the above sets the stage for "boom town economics" that which cannot be sustained and always crashes. Big job losses across the board are the net result in which history can cite examples such as the oil boom towns. Reagan/Bush and Bush/Cheney however went for the big prize aka the nations economy.

The New World Order Global Economy Reaganomics is truly unchecked laissez faire government that supports no checks and balances. Super inflation was also a result of the boom town economics which is a false economy.

The New World Order Global Economy Reaganomics simply shifted the USA job market abroad. Then the bank robbers stepped in twice to finish off the economy and the job market.

AND we voters failed to heed the warnings and did not demand of our legislators to stop the BS. Instead we vote these same laissez faire government thinkers back into office time after time signaling that massive corruption is okay.

After their performances in Washington D,C. how can anyone support Brownback or Moran?

monkeyhawk 7 years, 6 months ago

Check this out:

Government wants your 401(k)

The Obama administration appears to be proceeding with a novel way of financing trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their investment accounts.

notajayhawk 7 years, 6 months ago

Perhaps if the pooch wasn't a product of the public school system, he might have understood that there is another alternative to public schools than home schooling.

He might also have been able to find the 'unattributed' passage on the web, read the entire essay, and learned that the author wasn't just talking about Obama.

Oh, and if you're unfamiliar with the pooch, he is far and away the biggest troll on the LJW message boards, and now that you've responded he will immediately commence to accuse you of saying something you never said, prove wrong the statement he made up, accuse you of being the troll, and (laugh) incessantly at his own wittiness.

notajayhawk 7 years, 6 months ago

More information on the pooch can be found here, with thanks to Satirical, I believe this was the first time he posted the 'porch_person primer'.

monkeyhawk 7 years, 6 months ago

Wasn't it last Labor /Day that he gave his rallying speech to a union gathering with the mantra "fared up? Ready da go?" Is that when he decided to commit to the unions rather than the middle class?

jafs 7 years, 6 months ago

It's worse than that, when the government bails out irresponsible businesses - it's rewarding the lack of responsibility.

danemary 7 years, 6 months ago

Fool me once GD you~~~~~Fool me twice GD me!

slowplay 7 years, 6 months ago

For those who are dissatisfied.... Perhaps you would like to go back to 2009 when the country was on the verge of a major depression? Baby steps forward are a lot better than running backwards to disaster. Somehow I don't think McCain would have done any better. (I actually would have voted for him if it wasn't for Palin.)

Liberty275 7 years, 6 months ago

Instead of reading excuses off a teleprompter he needs to commit to not raising taxes on us and our employers.

Godot 7 years, 6 months ago

"re-commit" means "re-violate."

We'd all be better of f if Obama were committed to an institution that would help him resolve his incessant need to lie and exaggerate, and refer himself to justify himself.. "Let me be perfectly clear, as I said before, I am saying this again. Therefore, because I said it, it must be true, and those who would disagree are just flat out wrong headed, or Republicans, or Teabaggers, or all of the above."

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