by Mark Silva
President Barack Obama, pointing to the turnaround in the nation's Gross Domestic Product reported this week as a measure of a recovery underway, says today that it will take time to rebuild the sort of economy that provides for sustainable growth.
"As I've said many times,'' Obama says in his weekly radio and Internet address, "it took years to dig our way into the crisis we've faced. It will take more than a few months to dig our way out. But make no mistake: That's exactly what we will do.
"For the economy we seek is one where folks who need a job can find one and incomes are rising again,'' the president says. "The economy we seek is one where small businesses can flourish and entrepreneurs can get the capital they need to plant new seeds of growth.''
Yet, while the Obama administration credits the economic stimulus bill enacted in February for much of the increase in the GDP during the third quarter -- the president's chair of the council of economic advisers, Christina Romer, said this week that there may not have been an increase in GDP without it -- House Republican Leader John Boehner maintains today that the stimulus "isn't working" and that Democrats are preparing to pile another costly burden on the nation's problems with a runaway health-care bill.
"The "stimulus" bill isn't working. Unemployment is rising,'' Boehner (R-Ohio) says in the weekly Republican address today. "The debt to be paid by our kids and grandkids is exploding. And now, Speaker Pelosi's 1,990-page government takeover of healthcare?
"Enough is enough,'' Boehner says today. "Breaking the bank and taking away the freedoms Americans cherish is not the answer to the challenges we face.''
See the president's address above, the Republican leader's below, and read the texts of both below the jump. And, as the president says at the close of his address today:
"Happy Halloween.''
The text of the president's weekly address:
"Each week, I've spoken with you about the challenges we face as a nation and the path we must take to meet them. And the truth is, over the past 10 months, I've often had to report distressing news during what has been a difficult time for our country. But today, I am pleased to offer some better news that -- while not cause for celebration -- is certainly reason to believe that we are moving in the right direction.
On Thursday, we received a report on our gross domestic product, or GDP. This is an important measure of our economy as a whole, one that tells us how much we are producing and how much businesses and families are earning.
We learned that the economy grew for the first time in more than a year and faster than at any point in the previous two years. So while we have a long way to go before we return to prosperity, and there will undoubtedly be ups and downs along the road, it's also true that we've come a long way. It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression.
Now, economic growth is no substitute for job growth. And we will likely see further job losses in the coming days, a fact that is both troubling for our economy and heartbreaking for the men and women who suddenly find themselves out of work. But we will not create the jobs we need unless the economy is growing; that's why this GDP report is a good sign. And we can see clearly now that the steps my administration is taking are making a difference, blunting the worst of this recession and helping to bring about its conclusion.
We've acted aggressively to jumpstart credit for families and businesses, including small businesses, which have seen an increase in lending of 73%. We've taken steps to stem the tide of foreclosures, modifying mortgages to help hundreds of thousands of responsible homeowners keep their homes and help millions more sustain the value in their homes.
And the Recovery Act is spurring demand through a tax cut for 95% of working families, and through assistance for seniors and those who have lost jobs -- which not only helps folks hardest hit by the downturn, but also encourages the consumer spending that will help turn the economy around.
Finally, the Recovery Act is saving and creating jobs all across the country. Just this week, we reached an important milestone. Based on reports coming in from across America -- as shovels break ground, as needed public servants are rehired, and as factories whir to life -- it is clear that the Recovery Act has now created and saved more than 1 million jobs. That's more than a million people who might otherwise be out of work today -- folks who can wake up each day knowing that they'll be able to provide for themselves and their families.
We've saved jobs by closing state budget shortfalls to prevent the layoffs of hundreds of thousands of police officers, firefighters and teachers who are today on the beat, on call and in the classroom because of the Recovery Act. And we've also created hundreds of thousands of jobs through the largest investment in our roads since the building of the interstate highways, and through the largest investments in education, medical research and clean energy in history.
These investments aren't just helping us recover in the short term, they're helping to lay a new foundation for lasting prosperity in the long term -- and they're giving hardworking, middle-class Americans the chance to succeed and raise a family.
Because of the investments we've made and the steps we've taken, it's easier for middle-class families to send their kids to college and get the training and skills they need to compete in a global economy. We're making it easier for these families to save for retirement. And in areas like clean energy, we're creating the jobs of the future -- jobs that pay well and can't be outsourced.
In fact, just this week, I traveled to Arcadia, Fla., to announce the largest set of clean-energy projects through the Recovery Act so far: 100 grants for businesses, utilities, manufacturers, cities and other partners across the country to put thousands of people to work modernizing our electric grid -- the system that provides power to our homes and businesses -- so that it wastes less energy, helps integrate renewables like wind and solar, and saves consumers money. And that's just one example.
So, we have made progress. At the same time, I want to emphasize that there's still plenty of progress to be made. For we know that positive news for the economy as a whole means little if you've lost your job and can't find another, if you can't afford healthcare or the mortgage, if you do not see in your own life the improvement we are seeing in these economic statistics.
And positive news today does not mean there won't be difficult days ahead. As I've said many times, it took years to dig our way into the crisis we've faced. It will take more than a few months to dig our way out. But make no mistake: That's exactly what we will do.
For the economy we seek is one where folks who need a job can find one and incomes are rising again. The economy we seek is one where small businesses can flourish and entrepreneurs can get the capital they need to plant new seeds of growth.
The economy we seek is one that's no longer based on maxed-out credits cards, wild speculation, and the old cycles of boom or bust -- but rather one that's built on a solid foundation, supporting growth that is strong, sustained and broadly shared by middle-class families across America. That is what we are working toward every single day. And we will not stop until we get there. Thank you. And Happy Halloween.''
The text of House Republican Leader John Boehner's address:
"At the beginning of this year, I told President Obama and Speaker Nancy Pelosi that Republicans would be ready to work with them whenever possible to address the nation's biggest challenges.
I also said that where there are differences, it was our obligation as a party to explain to the American people how we would do things better. And on the "stimulus," the budget, the energy bill and healthcare, we have done exactly that.
As a matter of fact, only Republicans have offered solutions to lower healthcare costs and make it easier to obtain quality, affordable coverage without imposing a massive burden on the American people.
We first released our healthcare plan in June, and over the last six months, we have introduced at least eight bills that, taken together, would implement this blueprint.
You can go right now to healthcare.gop.gov and get all the details, but for now, I just want to share with you four ideas Republicans have proposed:
Number 1: Let families and businesses buy health insurance across state lines.
Number 2: Allow individuals, small businesses and trade associations to pool together and acquire health insurance at lower prices, the same way large corporations and labor unions do today.
Number 3: Give states the tools to create their own innovative reforms that lower healthcare costs; and
Number 4: End junk lawsuits that contribute to higher healthcare costs by increasing the number of tests and procedures that physicians sometimes order not because they think it's good medicine, but because they are afraid of being sued.
These are four smart, fiscally responsible reforms that we can implement today to lower costs and expand access at a price our nation can afford. Again, you can learn more about these and all the healthcare initiatives Republicans have supported by visiting healthcare.gop.gov.
The best way to get a sense of what Speaker Pelosi's takeover of healthcare looks like is to actually look at it. Just shy of 2,000 pages, it runs more than 620 pages longer than the government-run plan Hillary Clinton proposed in 1993.
This 1,990 pages of bureaucracy will centralize healthcare decision-making in Washington, D.C. It'll require thousands of new federal employees. It'll put unelected boards, bureaus and commissions in charge of who gets access to what drug and what potentially life-saving treatment.
And it won't come cheap. Speaker Pelosi's healthcare bill will raise the cost of Americans' health insurance premiums; it will kill jobs with tax hikes and new mandates; and it will cut seniors' Medicare benefits.
We now have a choice: We can come together to implement smart, fiscally responsible reforms to improve Americans' healthcare, or we can recklessly pursue this government takeover that creates far more problems than it solves.
It's clear where the American people stand on this issue. They're frustrated and fed up. The "stimulus" bill isn't working. Unemployment is rising. The debt to be paid by our kids and grandkids is exploding. And now, Speaker Pelosi's 1,990-page government takeover of healthcare?
Enough is enough. Breaking the bank and taking away the freedoms Americans cherish is not the answer to the challenges we face.
This coming week, Republicans will continue to stand on principle, defend freedom, and fight for our better solutions to make healthcare more affordable and accessible for American families. Thank you for listening.''









Comments
Go have a cigarette, Rep. Boehner !! All you Republican-Libertarians can do is blow smoke and clean mirrors !! Why don't you do something for all of those unlucky Americans that lost their jobs, due to the Dynamic Duo, Bush&Cheney, you foisted on America !! Do something positive for America, instead of sowing fear and discord throughout our nation !! Legislate, instead of, denigrate and America will be a lot better off !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | October 31, 2009 10:50 AM
""Breaking the bank and taking away the freedoms Americans cherish is not the answer to the challenges we face.''
Is this bone head talking about Bush?
What freedoms does he refer to, besides those lost in the post 9/11 panic? Is he finally admitting to the warrantless eavesdropping, and the torture he supports?
Remember this one, Boner?
"Reagan proved deficits don't matter".
(DC)
"We hit the trifecta!"
GWB
Posted by: C.Morris✧ | October 31, 2009 11:05 AM
I have tried to read all I can about the health reform bills that is available.
In the end it appears, to me, that these bills are more expensive than the sponsers claim they are.
It appears that they push the costs off on the States, which will lead to higher State taxes.
It appears, to me. that if insurance plans are required to take in individuals without health insurance once they are diganosed with a serious health problem then everyone else will be paying for them.
It appears. to me, that taxes at the Federal level will be going up for almost everyone but especially the wealthy.
It appears, to me, that Medicare will be effected if this bill becomes law.
It also appears that these claims of eliminating waste, fraud and abuse are just claims that the Congress has no desire to enforce because the lobbyists and special interests will reach out to them and Congress will listen to them.
In the end I fear that this plan will cost Americans jobs and increase the deficit and the national debt.
Therefore I encourage the Congress to start over!
Posted by: Pat H | October 31, 2009 11:31 AM
Boehner---the Rodney Dangerfield of politics.
JohnnyB, you don't get any respect, we know...
But please don't talk down the American economy.
Particularly when the President has worked so hard to build it up.
Posted by: ornery | October 31, 2009 11:52 AM
The Wall St. Journal has yet another example of "Stimulus" insanity:
"We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama's stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart.
The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart. Even in states that don't have their own tax rebate plans, the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. "The purchase of some models could be absolutely free," Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year. "Is that about the coolest thing you've ever heard?"
....
In South Carolina, sales of these carts have been soaring as dealerships alert customers to Uncle Sam's giveaway. "The Golf Cart Man" in the Villages of Lady Lake, Florida is running a banner online ad that declares: "GET A FREE GOLF CART. Or make $2,000 doing absolutely nothing!"
Golf Cart Man is referring to his offer in which you can buy the cart for $8,000, get a $5,300 tax credit off your 2009 income tax, lease it back for $100 a month for 27 months, at which point Golf Cart Man will buy back the cart for $2,000. "This means you own a free Golf Cart or made $2,000 cash doing absolutely nothing!!!" You can't blame a guy for exploiting loopholes that Congress offers.
The IRS has also ruled that there's no limit to how many electric cars an individual can buy, so some enterprising profiteers are stocking up on multiple carts while the federal credit lasts, in order to resell them at a profit later."
The "stimulus" has only succeeded in stimulating jokes.
Posted by: Bruce | October 31, 2009 12:26 PM
QUESTION: Is it your plan to have one Republican alternative that you all would get behind and endorse?
BOHNER: We have a number of ideas that we would like to proffer in this process, and we’re not quite sure how the majority intends to proceed. And so until we understand how they intend to proceed, it’s pretty difficult for us to have a solid plan.
Posted by: BC | October 31, 2009 1:42 PM
I just don't understand why they can't use the KISS rule. If a person is turned down by an insurance company, they should be able to sign on to Medicaid. You already contribute so premiums would be paid through employers. People who have insurance already keep what they have and can take it with them.
No matter what system you have there will always be waste, fraud and abuse because people get greedy. Congress knows that very well because of the money they make off of insurance and pharmaceutical lobbyists.
I'd just like to see a system that would make sure a person who is going through catastrophic illness or has a family member going through a catastrophic illness not have to worry about paying doctors, losing their home, or their life's savings or having to file bankruptcy through no fault of their own. We need a system with compassion for other Americans. I strongly believe that everyone wants the best health care for themselves and their neighbor. Why wouldn't you want such a thing?
Posted by: lochnessmonster | October 31, 2009 2:06 PM
I have tried to read all I can about the health reform bills that is available.
In the end it appears, to me, that these bills are more expensive than the sponsers( claim they are
Agree- The bill(Obanacare) is proably set up to run private insurances out of business, so to give goverment control.
Posted by: Inky | October 31, 2009 2:27 PM
Since Bruce raised the absurdity of cash for clunkers, let's look at this analysis by Edmunds.com
http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htm
Speaking of fraud, let's look at the $8,000 housing credit. Where four-year olds were receiving a credit for the house they bought and IRS agents were fraudulently getting $8,000 credits.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aAGF6QYV3qdk
http://www.foxnews.com/search-results/m/27037765/internal-fraud-at-irs.htm
Just think what kind of fraud will occur with a Trillion dollar health care bill.
Posted by: Terry | October 31, 2009 5:13 PM
There will be a lot less fraud then occurred in Bush's Blunder in Baghdad, as well as his Reign of Error over The Weasels of Wall Street and the Bandits of the Boardrooms, which caused the Trillions of Dollars deficit. You aught to know that !! You said, you read TWSJ, didn't you !!? Or were you just blowing more smoke !!?
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | October 31, 2009 9:39 PM
FITZ,
Do you know that you waste oxygen that a thinking person could use?
So you are in favor of gov't fraud?
Posted by: Terry | November 1, 2009 7:27 AM
Whatever the contours of the final bill, private insurers have only themselves to blame for any blowback on them.
As usual.
The new 60 story Blue Cross Blue Shield tower being built on the north edge of Grant Park in Chicago is a good example of your premium dollar at work.
Of course do not delude yourself that this building contributes to your well being or quality of your health care.
Also, please don't be so foolish to think that the $20 million salary to the CEOs have anything to do with improving your quality of life.
Unless, of course, your wallet is so stuffed with greenbacks, so ridiculously overloaded with cash, that lightening that load helps your hernia and reduces stress on your L4L5 interspace........
When was the last time you wrote your health insurance company and told them how happy you are with their policies and service?
Posted by: ornery | November 1, 2009 9:04 AM
To add one more tidbit to Bruce's story - the only golf cart that qualifies under teh cash for clunkers is made in ---- China.
This is what happens when you don't read the bill
Posted by: Terry | November 1, 2009 1:06 PM
Boehner...another GOP turd with zero to offer and who was 100 percent in favor of whatever Bush wanted regardless. This man is a disgrace. He should go get another one of his spray on sun tans then go sit in the corner and smoke his cigarettes.
Posted by: Doug R. | November 2, 2009 9:21 AM
I'm waiting to see how the MSM spins the news come Nov 4 2009. And now that people are starting to read the Obamacare bill the MSM clams up on whats in it.
For example, the Finance Committee's proposal would assess $322 billion in taxes and fees on insurance premiums, prescription drugs, and medical devices, according to the Senate's Joint Committee on Taxation.
The committee and other experts say virtually all of those costs will be passed along to consumers in all tax brackets — despite President Barack Obama's pledge not to raise taxes "one dime" on those earning less than $250,000 per year.
Another likely frustration for consumers: The premium hikes will take effect right away, while the subsidies and benefits in healthcare reform won't kick in completely until 2014.
And here is more:
Scott Gottlieb, a physician and American Enterprise Institute resident fellow, stated Thursday in a New York Post op-ed that, by front-loading the costs and back-loading benefits, Congress is resorting to "a gimmick that imposes a stiff price on the public."
That "gimmick," Gottlieb claims: using 10 years of added fees and taxes on providers to offset about five years worth of benefits. Those costs "will immediately shift onto consumers, in the form of higher prices on medical products and rising premiums," he says.
Posted by: Crooks_In_DC | November 2, 2009 11:15 AM
Doogie,
Maybe Boehner and BO can split a pack - call it a "cig summit"
Posted by: Terry | November 2, 2009 11:24 AM
Terri,
You'll have to clear that with Rahm Emanuel first.
Posted by: Doug R. | November 2, 2009 3:04 PM
Doogie,
Probably true since Rahm is the one pulling the strings
Posted by: Terry | November 2, 2009 3:45 PM