Category Archives: Torture

I thought to do this a little ways in since I have nothing better to do on my spring break. Obama already discussed creating jobs and giving tax cuts to low income families and giving a $2500 tax credit to families paying college tuition.

9:27 – Obama says banks need to start re-lending, otherwise “the recovery will be choked off before it begins”. States the banks are too fearful to lend and need to rebuild confidence.

9:29 – Obama is creating a housing plan for responsible families facing foreclosure that will lower monthly payments and have lower interest rates. Families can refinance and save $2,00 per year on mortgage. He will also act with the federal government to make sure banks have enough confidence, and if they are in trouble, will hold those accountable responsible and help reboot them.

9:32 – Says the country will need government help to get out of recession. “The cost of action will be great, but the cost of inaction would be greater.” He says that problems will continue for years even with help, but will get us out of the mess.

9:33 – Nancy Pelosi is still making random faces and twitching her mouth. Botox must be wearing off there, Nance.

9:34 – Obama asks Congress to join him to help make sure crisis like this will not happen again and to move swiftly to reform our outdated regulatory system. He says the only way to restore America’s strength is to make long-term investments that will create jobs. The camera flashes to a shot of Charlie Rangel, whose mouth was hanging completely open and looked like he had no idea what was going on.  (more…)