Obama wants more than ‘stunts’ to jolt the economy
August 10th, 2011
05:21 PM ET

Obama wants more than ‘stunts’ to jolt the economy

WASHINGTON (CNN) - With the U.S. economy and the stock market under immense pressure, the White House is facing mounting questions about what else it might consider beyond infrastructure investments and unemployment benefits to get more immediate results and restore confidence.

But on a day that saw the stock market plunge by more than 500 points, President Obama has yet to announce any new proposals aimed at addressing some of the country’s most urgent fiscal concerns.

White House Press Secretary Jay Carney told reporters on Wednesday that the president has “tasked his team and he is working with his team to look at ideas for further job creation and economic growth.”

President Obama is also hitting the road next week after a month-long hiatus, for a Midwest bus tour to listen and sell a message that has so far been met with skepticism.

When asked if the White House was considering options to better articulate its ideas to the public, a senior administration official told CNN “we strive to do better in all ways.”

Meanwhile top aides are trying to convey that there is a sense of “urgency” at the White House, that the president is working “tirelessly,” and that the economy remains his “top priority.”

“I don’t have a time to give you,” said Carney when asked about a timetable on more specifics, then added “I can assure you he is working very hard on those issues.”


Topics: Economy • President Obama • The News

soundoff (37 Responses)
  1. S.Positive

    Mr. President, take time in God's wisdom for the right solution. Everyone is panicing and screaming because well, thats what people who cannot plan or think do. The foolish screams and panics but a wise man stop and thinks to sight the right solution. Ignore the critics, thats all they do because they have no solution.

    We are still praying for you, your family, team and those whose true heart for America is of GOD

    August 10, 2011 at 7:07 pm |
    • Matt

      While I agree with you completely, I don't think God's wisdom, as you put it, should not be used for economic decisions. I hope he listens to a multitude of economists smarter than he is, to form a rational decision based on their recommendation, rather than using God for economic policy. Regardless of people belief, and I believe God can be very important, in this instance I hope he uses other sources.

      August 10, 2011 at 7:48 pm |
      • jean2009

        Thanks Matt...I am sick to death of these idiots who wrap themselves up in the bible and a flag and bamboozle morons. They are failures at economics and failures as common sense decisions....look at our last deficit-spending Texan bible-thumper who took us into two unnecessary wars while cutting the revenue resources that would have paid for those wars.

        http://www.commondreams.org/views03/0309-01.htm

        August 11, 2011 at 12:41 pm |
      • John

        I am not one who reads the bible, but I would never put down anyone who does. The person who does is the true idiot.

        August 11, 2011 at 1:14 pm |
      • jean2009

        @John I am not putting down people who read the bible since I don't care what people do on their own time...to each his own...and it should be kept that way.

        But, I seriously disagree with those who haul it out and use it as a hypocritical ploy to garner votes.

        August 11, 2011 at 1:35 pm |
      • harvey graham

        GOD, THE GREATEST WISDOM GIVER OF ALL. WHO ELSE WOULD TURN TO?

        August 11, 2011 at 2:06 pm |
    • T. Griffin

      I agree with you and join in praying for the President, his aides, family, and our country! Great post.

      August 10, 2011 at 9:28 pm |
    • Smartycents

      Beautiful comment and totally agree. The loudest and craziest of the tea party and republicans are NOT the majority. The majority of sane, hardworking, intelligent people trying to improve our communities for our children support you and are praying for you and your family President Obama. Thank you for remaining strong in the face of such disrepect.

      August 11, 2011 at 9:27 am |
    • Howard

      SAVE AMERICA ... IMPEACH OBAMA NOW !!!

      August 11, 2011 at 1:08 pm |
    • harvey graham

      THAT IS SO TRUE. JUST LISTEN FOR HIS VOICE AN

      August 11, 2011 at 2:02 pm |
    • Howard

      OBAMA FOLLOWS THE 'DEAD HORSE' STRATEGY ...
      The tribal wisdom of the Indians, passed on from generation to generation, says that, "When you discover that you are riding a dead horse, the best strategy is to dismount." However, Obama chooses to consistently follow the 'Dead Horse" policy, such as:

      1. Buying a stronger whip.
      2. Changing riders.
      3. Appointing a committee to study the horse.
      4. Arranging to visit other countries to see how other cultures ride dead horses.
      5. Lowering the standards so that dead horses can be included.
      6. Reclassifying the dead horse as living-impaired.
      7. Hiring outside contractors to ride the dead horse.
      8. Harnessing several dead horses together to increase speed.
      9. Providing additional funding and/or training to increase dead horse's performance.
      10. Doing a productivity study to see if lighter riders would improve the dead horse's performance.
      11. Declaring that as the dead horse does not have to be fed, it is less costly, carries lower overhead and therefore contributes substantially more to the bottom line of the economy than do some other horses.
      12. Rewriting the expected performance requirements for all horses.
      And of course....
      13. Promoting the dead horse to a supervisory position.

      SAVE AMERICA ... IMPEACH OBAMA NOW !!!

      August 11, 2011 at 3:33 pm |
    • Obamasux1

      People are panicing because we have an unqualified idiot as the president, he is clueless do the United States a favor and resign.

      August 15, 2011 at 2:36 pm |
  2. pjoe

    Stimulus money just stuffed the pockets of rich bankers, insurance companies, wall-street millionaires, labor union bosses, etc. No real infrastructure was enhanced. Nothing noticable resulted from it. I don't think we want anymore of your stimulus ideas Mr. President.

    Figure it out Mr President. Just ask yourself ... why are private sector jobs hard to find? What is the government doing that is making it difficult for employers to justify hiring new employees? Ask yourself why you would want to own a business in this litegious society? Why would you want to put up with all the hassle? Why work your tail off when government wants to redistribute your earnings? Ponder that a little. I hope it helps.

    August 10, 2011 at 11:39 pm |
    • Bill in STL

      You are right and here is an idea for you pjoe, possibly this is exactly what he has in mind!

      Eliminate the private sector! Nationalize all companies and make their employees government employees. Make it illeagal to be out of work and send those that break the law toPoint Barrow Alaska.

      August 11, 2011 at 4:23 am |
    • jean2009

      http://www.recovery.gov/Pages/default.aspx

      http://stimuluswatch.org/index.php/project/by_state

      You can actually check on how much in stimulus money your state applied for and a list of which projects it was used to either complete, or completely fund.

      The total of cost of all the projects submitted by Ohio for stimulus grant funds is: $4,233,069,611 to be used for part or all of 847 projects. Some states such as California, Texas and New York State all requested and received more.

      At the first link I have provided you can look at a map of all the states, but you can also type in your zip code and find out how much in contracts and loans were received in your own zip cod, or surrounding zip codes. For my zip code I find that $36,626,183. in contracts and grants were received and with that money 4 new schools were built, 2 schools were renovated and enlarged. 4 State highways were repaired and resurfaces, a waste water improvement project was completed, For a total of 23 projects in our local area....many of which are still ongoing...and a few just starting.

      So yes for my area the stimulus has worked an, it has put food on local tables, placed a roof over the head of families, and paid bills.

      August 11, 2011 at 12:18 pm |
      • John

        Is there any stimulas money left? So the people you talk about sitting at those "tables" – what are doing for food now?

        August 11, 2011 at 1:18 pm |
      • jean2009

        I know of three jobs ongoing and where two are ready to begin, but I haven't driven the whole area for a few weeks.

        August 11, 2011 at 1:26 pm |
  3. Big Ben

    They refuse to post comments regarding Obama's muslim dinner feast. They are jsut blocking them all! Wow. CNN the least regarded name in news.

    August 11, 2011 at 1:36 am |
    • jean2009

      I think you are on the wrong site since I just posted there.

      August 11, 2011 at 1:27 pm |
  4. joe

    We want more than a Clown for President
    Obama you are the worst thing that happened to America since 9/11
    Obama your a snake Oil salesman

    August 11, 2011 at 7:38 am |
    • harvey graham

      SO MUCH HATE AND BIGOTS ON LINE. SO MUCH HATE

      August 11, 2011 at 2:08 pm |
    • Mirko

      The republican tax bkreas were paid for with borrow money. This artificially lowered the price of risk and creating a bubble prosperity while pushing the cost of the great and glorious Republican tax cuts onto the middle class tax payers. Now due to the artificially skewed and priced economy created by the Republican tax cuts, their uncontrolled spending and huge expansion of government, the economy is in shambles and the middle tax payers are having to pay more taxes and thus the Obama tax cut for the middle class to off set the higher taxes on the wealthy. The wealthy benefited far more than the middle class from the unjust Republican tax structure and should have to pay for the mess they benefited from and the debt created by the Republicans. The collapsing economy is proof that Republican economic values are bankrupt and nothing more than fantasy. It took the great and glorious Republican party 12 years (Bush 1 and 2) to destroy the economy and it's going to take years to work though it and many decades to pay off the debt. This week's jobs report will mostly likely be the worse in 26 years.

      July 31, 2012 at 3:33 am |
    • Chris

      he looked to Davis often for adivce, and then when he was criticized for it, acted as if they barely knew each other. I was showing that in their youth and through their travels, both Trudeau and Obama were familiar with controversial social movements that they later turned away from. I checked out your site, and since you seem to be concerned with things being presented in their proper context, I would appreciate the same courtesy.

      August 2, 2012 at 1:29 am |
  5. Roger

    Over the last two or so years what we spent to get here has not worked. The first-string people in the administration have left and the second-string want to leave. Where are the fresh ideas going to come from? I think if Obama gets re-elected our country is in for a lot of pain. I know a lot of people like him but he has been way over his head. He needs a lot of help or we need a new president.

    August 11, 2011 at 10:20 am |
  6. Jim

    I would settle for leadership and fewer speaches. Obama cannot be successful sitting back, blaming others, giving great speaches but never actually leading the country towards solutions. I am tired of the constant campaigning, class warfare and blame game. It is time to lead Mr. President.

    August 11, 2011 at 12:17 pm |
  7. M Gonzales

    Mr. Obama needs to do a few things that would upset many Democrats. If Mr. Obama anounced they are no longer holding up oil drilling permits and they support drilling in Anwar that would give the economy a jolt. If Mr. Obama aounced that the trillions of dollors corporations have oversea's can be brought into america tax free that would give the economy a jolt. If Mr. Obama acounced his support of a simple flat tax that would give the economy a jolt. However Mr. Obama is too partisan too do any of those things.

    August 11, 2011 at 3:23 pm |
    • joe

      Obama does not have the expereience or the competence to comlete any task

      August 11, 2011 at 3:28 pm |
      • jean2009

        I assure you he has the experience and the competence to complete any task. BTW I don't know what your business is, but I hope you pay your secretary well.

        August 11, 2011 at 10:05 pm |
      • Guru

        You have a short memory: He got Bin Laden

        August 12, 2011 at 1:59 am |
    • jean2009

      No to drilling on the ANWAR. No to a flat tax. Maybe bring some corporate funds back at a reduced tax rate...with some bargains about creating jobs, and helping fund educational projects and research.

      August 11, 2011 at 10:10 pm |
  8. joe

    GE one of Obam;a Biggist contributers

    August 11, 2011 at 3:38 pm |
    • jean2009

      Koch Brothers oil rich billionaire Teapotty contributers.

      August 11, 2011 at 10:12 pm |
  9. Roger

    Salary of retired US Presidents .............$180,000 FOR LIFE Salary of House/Senate .......................$174,00​0 FOR LIFE Salary of Speaker of the House ............$223,500 FOR LIFE Salary of Majority/Minority Leaders ...... $193,400 FOR LIFE Average Salary of Soldier DEPLOYED IN AFGHANISTAN $38,000 I think we found where the government cuts should be made

    August 11, 2011 at 3:57 pm |
  10. Liz Carter in Georgia

    How is that true Joe? Well one of the things I will say OBAMA did complete, was the locating and killing Osama Bin Laden; something that the past President and you and your 20 years of service didn't do! Stop the madness! You are nothing but a hateful, misguided, racist biggot. You ought to be ashamed of yourself! GOD HELP us, the US. We are pulling for you MR PRESIDENT! Keep on up the road, bearing to the right! We'll make it to the 'promised land' and we will reach 'the mountain top' that MLK spoke about!

    August 11, 2011 at 11:26 pm |
  11. 23 year old

    Im 23 years old and know that the country is governed by 3 different branches (facts like this that most of you people should really learn) and NOT just the President. Executive branch, judicial branch, and legislative branch. ALL THREE of which are necessary to lead this country. This post is getting long, so all I can say is "the legislative branch is cock-blocking the executive branch." So stop blaming the President and thinking this country is lead by one man.

    Once again, im 23 years old and know moer than you.

    August 16, 2011 at 1:14 pm |
  12. Liz Carter in Georgia

    @23 year old; Thank you for your beautifully worded truth young person. I'm 40 years older than you and have been arguing the very point you made, but never even thought to put it out here like you did. Yes, you are correct; there are 3 branches of government, yet the haters act like OBAMA is a dictator, and is the ONLY one making and implementing decisions in WASHINGTON! Everything that's happened or is happening is OBAMAS' fault alone, nobody elses! Thanks...and a little child shall lead..! Good work!

    August 16, 2011 at 10:56 pm |
  13. Gay W. Bush

    Want some good advice on how to fix the economy then read more at http://gaywbush.com. It is time that we make some hard choices and move America forward instead of spending more on stuff we don't need.

    August 26, 2011 at 5:31 pm |