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February 24, 2009

WE WANT TO HEAR FROM YOU!

Posted: 05:13 PM ET

In a special midnight edition of "Larry King Live," Sen. John McCain reacts to President Obama's first address to congress.  obama1Then Larry hears from personal finance experts Jean Chatzky, Larry Winget and Don Peebles on what the president's agenda means to you and your bottom line.

WE WANT TO HEAR FROM YOU!  Let us know your thoughts on President Obama's primetime address.  Watch the address and then CLICK HERE to tell us what you thought.  We just may use your comments on the air tonight in a special edition of "Larry King Live," at midnight, ET.

Please:
1) Stay on topic.
2) Keep it short
3) No curse words
4) Use a name (no initials or screen names)

5) No links

Filed under: John McCain • Larry King Live • President Obama


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Brian Michael Schroeder   February 24th, 2009 6:45 pm ET

Please help us fathers in Macomb Michigan. I went to court to modify custody and child support and the referee Diane Favafara said "YOU ARE NOT A AUTO WORKER YOU HAVE NO EXCUSE FOR BEING UNEMPLOYED" Then said no to everything and kept my order the same it is incomprehensible to me how a person that make decisions that effect children and family s life is that uninformed FOC Macomb should be ashamed and apologize, not to mention make her learn law and news


Woody McBreairty   February 24th, 2009 7:32 pm ET

John McCain can't seem to contain his anger at President Obama for taking the Presidency away from him. It is clear by his demeanor and hostile attitude that his questions and comments are about President Obama obliterating his chances of ever becoming President. I think John McCain should be ashamed of himself. Sen. McCain has always said "Country First"......rubbish! It's about his bruised ego and the demise of his life's ambition.


disgusted   February 24th, 2009 8:12 pm ET

The speech has not yet happened, but here is what he needs to say:
BRING THE TROOPS HOME NOW, NOT 2010, NOT 2011, NOW
WE ARE BROKE..IRAQ CAN HANDLE IT ON THEIR OWN, THEY HAVE TONS OF OIL............................

OBAMA

You said you voted against the war, so I voted for you, so DO NOT BACK PEDDLE
BRING THEM HOME 2/25/2009
YOU HAVE THE POWER. FLY THE PLANES OVER NOW, LOAD THEM UP AND COME HOME NOW


mattie from michigan   February 24th, 2009 8:21 pm ET

J McCain is a spoiled brat always was..used his 2nd wife's money to launch/further his political career..flying planes so low he was shot down..left his 1st wife after her 7 surgeries ..left her handicapped..a good woman, Carol..bottom of class @ naval academy & still jokes about it womanizing & drinking @ academy....disrespectful to Obama during debates calling hm "that one"..Pres Pbama was smarter in many ways..top of his class @ Harvard, etc,,,it's UNAmerican if McCain & Repubs do not want Pres Dbama/Biden to succeed..McCain w/7 houses & 13 cars/only 1 American/ doesn't know what it means to be poor & eat dog food & freeze to death in winter../it happens in Detroit every winter/ ...he needs to return to AZ & get to know his wife & 7 children again..do not think they are a close family..go figure..only the Lord judges...thank u ,Larry...


lisa   February 24th, 2009 8:23 pm ET

Woody – Maybe he is just reacting to his decisions as many other Americans are.
1. The majority of Americans don't believe in this so called "stimulus bill"
2. How is requiring states who accept money to rid themselves of the welfare reform act a step foward.
3. We all don't believe, and get angry over the thought of supporting illegal imigrants.
4. How about our second amendment right that they are screwing with? DId you know about that being in the stimulus?
5. The amount of money spent without anyone reading the bill is nothing but iresponsible!
Yeah, I am with McCain, I am angry too!


Amy   February 24th, 2009 8:27 pm ET

New Mortgage and Housing Stability program which will be subsidizing the mortgage payments etc. will only help the irresponsible who bought homes in expensive neighborhoods, without any downpayment and with stated income (i.e.lied income) loans. This is subsidizing their fancy and irresponsible and free lifestyle. Would we subsize somebody who has been eating champagne and caviar everyday, but can no longer afford it? What about those, who worked hard, saved money for downpayment, also those who worked hard and paid off their mortgage, while paying their share of taxes. Why aren't we rewarding hard working people?
If someone can no longer afford the neighborhood they live in or can no longer afford owning a home, they should move to a less expensive neighborhood.


Amy   February 24th, 2009 8:32 pm ET

Foreclosures and Bank owned properties:
I noticed that many foreclosed and bank owned homes are not even marketed in the area I live (Northern California). What are banks waiting for? If these are considered bad assets, they should do everything to sell them. There are a lot of investors out there looking for bank owned properties to buy. How can those investors buy it if Banks are not even putting any effort to market their REOs. It will be better if stimulus funds are used to hire employees for the banks who will help to sell those REOs as quickly as possible, This will decrease unemployment.


SUSAN HOLOHAN   February 24th, 2009 8:44 pm ET

I WOULD LIKE TO SUGGEST THAT THE GOV ALLOW RETURNING MILITARY PERSONNEL TO BUY HOMES IN FORECLOSURE AT SPECIAL LOAN RATES LIKE BRITAIN DID FOR THEIR WW11 MILITARY AFTER THE WAR ENDED,.


lisa   February 24th, 2009 8:48 pm ET

Mattie from Michigan – You are correct, only the Lord will judge. So why are you doing it for him?
YOU don't know John McCain, all you know about him is hear say. You don't know the whole story about his first wife, heck you don't know half the story. You should not make stupid remarks about stuff you know nothing about.

Does he have money? Yes he does, but does that make him a bad person? Should he be punished for owning 9 houses?

Oh, and how is Michigan treating you?
We have a great democrat goverment here don't we? When do you think she will realize she needs to quit taxing the small businesses? When they all leave or go bankrupt? What a joke.........


Cheryl Cap   February 24th, 2009 8:48 pm ET

Why doesn't the Government let Americans take $10,000 from their 401K plans with no taxes and no penalties? If we have the money saved, we are the responsible Americans. Isn't it time to reward us? It would help us tremendously get through the rest of this year, while our wages are being cut by 20%.


david   February 24th, 2009 9:14 pm ET

Re: mortgage lifesaver
Why taking the 29 milions or 39 millions taxes payers' money to save the 9 millions million-dollar homeowners? To be fair, why not give a chance to the rest of can't-afford people to get a home??? Did any of these homeowner make a contribution to the NO-home people any money on their capital gain when they sold-and-buy thier new home..
It is totally unreasonable. What happen to the Main Street population?? Do poor deserve to be poor???


Woody McBreairty   February 24th, 2009 9:20 pm ET

Lisa, you and Senator McCain are angry for 2 different reasons, you about the Stimulus Package, and he about losing the Presidency.
Condidering the mess our country is in, I think you and the other prophets of doom should give President Obama a chance to implement his policies and stand behind and support him through these hard times that have gotten us all down. The Republic-can'ts are doing everything they possible to make him fail without regard to the damage they are doing to our country. They should be ashamed of themselves and I have a feeling many of them will be swept out with the rest of the trash after the next election.


lisa   February 24th, 2009 9:25 pm ET

Woody what should I support?

Him handing down my children this HUGE debt?
Him taking my second amendment away?
Him taking from us Americans to give to illegals?
Him encouraging and making it easier for people to live off of welfare?
Him trying to push his socialist ideas upon us?

What part of that?

And, how do you know, REALLY know why McCain is angry? You don't you are passing judgments.


Lisa Rhode Island   February 24th, 2009 9:26 pm ET

President Obama is recieving more critisism than Bush has recieved in 8 years. Shame on all the critics!

Perhaps President Obama doesnt have the financial strains most of us do. His speeches are never in a negative manner. He always includes we, us, our and NEVER is critical of others.

Why doesn't all the critisism toward the President end. I think perhaps many want him to fail. Alert! he is to inteligent to fail.

I only have admiration for President Obama. And SHAME on all the critics.


Mari   February 24th, 2009 10:15 pm ET

TO PRESIDENT OBAMA........... THANK YOU! AS ALWAYS YOU ASK US TO BE OUR BEST SELVES! GOD BLESS YOU!

I loved that Obama reminded Congress and our Nation that EVERY member in the Congressional Chamber LOVES AMERICA!

I loved that Obama reminded our Nation, that WE ARE NOT QUITTERS!

I loved that Obama WAS SPECIFIC and PROMISED that We, the People through the web site ....... recovery.gov....... CAN SEE FOR OURSELVES WHERE EVERY DOLLAR IS GOING! So, America don't allow the spin-masters to fool you........ READ for yourselves!

Finally, I'd like to say to the GOP-far-right-folks, hate IF you must, demean IF you will, criticize ALL you want! BUT........ KNOW that WE, the People are watching to SEE WHO WILL STEP UP AND WORK FOR THE RECOVERY OF OUR NATION. WILL THE GOP CONTINUE TO OBSTRUCT? OR WILL YOU JOIN WITH US, TO SUPPORT, BUILD UP, REFORM, AND HELP PUT AMERICA BACK ON THE ROAD TO PROSPERITY.......... THE CHOICE IS YOURS!

HOPE WON............ HOPE WON......... YES WE CAN AMERICA! YES WE WILL!


carol kesling   February 24th, 2009 10:27 pm ET

i thought the speech he made tonite was "WONDERFUL"!!!!!! there are alot of things that can be cut in this budget,and all of that money can be put to good use like sco. sec. medicare, health care etc............ we have to give this president a chance, he has already signed alot of laws that were GREAT !!!!!!!!!!!!!! go PRESIDENT OBAMA & BIDEN !!!!!!!!!!!!!!!!!!! god bless them & america...................


John Klinedorf   February 24th, 2009 10:31 pm ET

Larry, I saw T. Boone on your show, and maybe I could agree with him for once, but the way he torpedoed John Kerry in the '04 election, he should be ashamed. You might pass that along. Thankyou.


peter camacho   February 24th, 2009 10:34 pm ET

its nice to see the republicans get their just deserve. pres clinton had us on the right path and pre bush just threw it al away. including the middle class and our manufacturing base.


wanda-kokomo   February 24th, 2009 10:34 pm ET

Tonight on the speech, well I didnt hear anything different. I still feel no safer. Obama has nice speeches, but he keeps it very light. Still don't see how his recovery plan will work . I think he should let the american people stimulate the economy. He gives us the money and we spend it on bills, mortgage pymts, or to buy cars. Obama feels that the crooks of this country should get the money and do right for the american people. That went well the first time and here we are again. One more thing I would love to know how many in Congress drive an American car. You all need to do your part too!


Claudia   February 24th, 2009 10:35 pm ET

I am so sick and tired of people thinking that Our new President has the answeres to our problems. People have put him on such a high pedestal that he isnt' allowed to make a mistake. Well people better wake up he isnt' GOD get over it . We really need to pray for him I will sayy that .Obama is not God people get a life open your'e eyes


phil from ca   February 24th, 2009 10:47 pm ET

Joe Lieberman did not look good tonight,,he supported McCain!..angry ? sour grapes ? ..


phil from ca   February 24th, 2009 10:47 pm ET

Joe Lieberman did not look good tonight,,he supported McCain!..angry ? sour grapes ? ..


roberta from vt   February 24th, 2009 10:49 pm ET

John McCain looks much better in pale blue shirts..during debates he wore white shirts..did not become him ...


teresa from nd   February 24th, 2009 10:50 pm ET

Joe Lieberman did not look good tonite..he supported McCain ...


Ida in Indiana   February 24th, 2009 10:51 pm ET

I just cannot sit back and wait for a small or big business to hire me or give me an increase in wages earned. Rent, electric, and Sallie Mae payments are due at the beginning of every month I need help now in the present tense...and I believe the Democratic process is better and faster at fixing my current situation


Alheli Picazo Calgary, Canada   February 24th, 2009 10:54 pm ET

Jindal was an embarassment for any republican. Nice response, a REPUBLICAN trying to talk abotu Katrina? HA


Sandra K in FL   February 24th, 2009 10:56 pm ET

Young,old .black or white we want Washington to change. We are feed up with goverment working for the party and not the people that put them there and trusted them to do the best for us Americans. IT IS ABOUT THE PEOPLE NOT THE PARTY.. We are looking for truth and not ready to start a campain for president..No more stupid games......


Judith   February 24th, 2009 10:58 pm ET

President Obama's speech was wonderful and so far for a President to be in office for such a short time he's done so much.
No one can take this away from him not any of the GOPs.

Bobby Jindals was on right after and acts like he should have gotten the wax out of his ears.What he said President Obama already said
except all the negative bs that Bobby and the GOP Party want the America People to believe like tax increases.Sure Bobby your going to get that tax increase because you make over $250 and why not?
Fact is Jindals sounds like he is Mr Rogers a kid's show of 30 yrs ago.
He act like he was talking to a bunch of kids.Bobby I will say your people in your State need the help so don't deny them.It's better to go against your Party and take the heat like Gov Crist from Florida who now is very respected instead of the people in your State who put you where you are today.


amy   February 24th, 2009 11:16 pm ET

He is a VERY dangerous man. He has divided this country by causing a tension between the social class. I see civil war....in the next couple of years. Why should I bail out all those LAZY LIBERALS and WELFARE class BO is creating.


Maryl-CA   February 24th, 2009 11:16 pm ET

Obama had a lot to say in his speech. Let's see if he follows through with all his plans. Let's see if the Middle Class and Small Businesses
are considered. Let's see if jobs become available in the near future to help heal the economy crisis in this country.


Alheli Picazo ("Ala-Lee Picasso"), Calgary, Canada   February 24th, 2009 11:25 pm ET

Amy, shouldn't you be listening to Limbaugh or something? Take a chill pill!


nora cooper   February 24th, 2009 11:27 pm ET

Honest, straightforward and he spoke to the American public not to the politicians. We hear him and he hears us. Hard times now and in near future but it will get better. This is the refreshing change we wanted. I read the whitehouse.gov site as well as recovery.com every day. I was never interested before but he has encouraged me to stay involved.


amy   February 24th, 2009 11:34 pm ET

Glad to hear Conservatives are sticking together and I hope BO gets NO Repubs votes on future communistic laws. OBAMA is like a Jim Jones leader mesmerizing the weak like, CNN, MSNBC, CBC, ABC, which have provided him w/ his communist propaganda. People change to FOX news, they have not drank the KOOL aide. They're our only HOPE.


amy   February 24th, 2009 11:38 pm ET

Good night. Listen in to Glen Beck, Hannity, or Rush.....they are our only hope. I need a good dose of conservative views after listening to BO lies tonight. God bless.


Sophia Jackson   February 24th, 2009 11:50 pm ET

Excellent speech!

And, if we ALL work together we CAN pull ourselves out of this mess. If anyoine can help us to do it, Mr. Obama can.

Regarding Bobby Jindal, would someone tell me what he said?

The man sounded foolish~ I would like to ask Mr. Jundal what happend to the last eight (8) years???


Peter   February 24th, 2009 11:53 pm ET

He's no President Reagan, but he's better than the last few we've had. I don't believe government is the answer, but I like that the President at least seems excited about finding solutions.


Eileen   February 25th, 2009 12:00 am ET

Larry, can Sen Mc Cain explain why when given the opportunity by the President to address the American people live on TV Monday at the Summit, he chose to highlight a very petty issue and not to give us his alternate plan for the country?


Kevin Bush   February 25th, 2009 12:02 am ET

To be a good leader you must be able to follow. Republicans need to come to the table and follow the leader


Matt Eltareb   February 25th, 2009 12:02 am ET

Senator John McCain, what did you whisper to a House Member immediately after President Obama mentioned the withdraw of troops "responsibly" from Iraq?


Rich   February 25th, 2009 12:04 am ET

Senator McCain....I am sorry you lost the election........but at this time in George Bush's first term he was already planning his vacation to Crawford, TX to chop some wood when Richard Clarke his chief terrorism head was warning him about Al-Queda!!! He didn't listen to him because he was a Clinton administration holdover!!! Enough of the partisanship.....Out of Iraq!!


Ann,Virginia   February 25th, 2009 12:05 am ET

President Obama was right on target.We have a long road ahead of us to rebuild our economy & if the republicans don't get on board soon,they may be responsible for our downfall.


Alphonso Johnson   February 25th, 2009 12:06 am ET

I FEEL OBAMA IS TRUELY FOR THE PEOPLE. ONE NATION ONE FLAG ONE LAND. GO U.S.A.


michael   February 25th, 2009 12:06 am ET

I'd like to ask the economic gurus who are fearfull of the debt we are building for our children.

If we don't attack the problems now, when they gets worst, (and they will if we do nothing), how will our children be effective in attacking greater problems later. Are you suggesting the great thinkers of today are inferior?

The sooner you identify cancer and begin attacking it, wouldn't you have a greater chance of defeating it, or should we wait until its too late. Consider the costs, (money and health), in preventive medicine. Wouldn't the costs be greater if you act later?


Dodie from Irvine CA   February 25th, 2009 12:07 am ET

Good Evening Larry and everyone!


Rich   February 25th, 2009 12:08 am ET

With all due respect Senator.........You and the Republicans are out of touch!!...........are all of your 7 houses and 9 cars paid in full?


Pat   February 25th, 2009 12:09 am ET

Bobby Jindall is funny. All that fuss about republicans not depending on the federal government.. Make him payback all the money he got from the federal government for Katrina relief and we’ll apply it to the stimulus package.


Jose Nunez   February 25th, 2009 12:09 am ET

I Thought his speech was not only historical, but it also gives the country hope and what this country can do in these times as it has in the past.


Ada   February 25th, 2009 12:09 am ET

Would like to hear Sen. McCain's opinion on Jindal's speech. Did he think it was good?


Sherry, N. Calif.   February 25th, 2009 12:10 am ET

I would like to hear the Republicans full plan on how to deal with our country in this crisis? All they do is criticize. They spent so much money and put us into a "BIG" ditch. We need to get out. They can help or stand on the bank and just continue to say "NO." DO NOTHING- is the message I have gotten since they Pres. Obama won the election.


Rich   February 25th, 2009 12:10 am ET

Thank you for the Rush Limbaugh reference Larry........Let's see the Senator dance on this one!!


Kelly from Louisiana   February 25th, 2009 12:11 am ET

I have seen Gov. Jindal speak and he is a powerful speaker, I don't know what happened tonight with that deer in the headlights look. Let's face it President Obama is a powerful speaker and can give anyone chills and walk away with a smile even if you realize latter you've just been had!!!! Gov. Jindal is right why do we need to pay for cars why can't they drive their own cars to work as I do. Why do we need to pay for the wives of politicians to go on trips with thier husbands-they should stay home or better yet pay for your own trip.


victoria osobase   February 25th, 2009 12:11 am ET

Obama is the president we need at this time, the GOP has no option than to agree with him or else they will continue to loose their integrity.


Dodie from Irvine CA   February 25th, 2009 12:12 am ET

Obama's speech reminds me of:

Ask not what your country can do for you; ask what you can do for your country… JFK


michael   February 25th, 2009 12:12 am ET

Bill Orlierie and sean underhanity certainly want this president to fail.


Carmella   February 25th, 2009 12:12 am ET

Larry, nobody in there right mind other than Rush will say they want the President to fail. If he fails the country fails. Even if they do deep down in the depths of their soul they won't admit it. Larry that is a wasted question.


David B   February 25th, 2009 12:12 am ET

Larry,

I can appreciate equal time for political campaigns, but we diminish the Presidency by offering equal time to political parties to promote partisan political views. The entire Congress needs to join the citizens of the United States in supporting strategies that will move our country forward.


Sheila O'Shaughnessy   February 25th, 2009 12:12 am ET

First things First..... No longer acceptable not to graduate from high school. thank you Mr. President How will you help the teachers and parents keep our young people in school. Please address the health care for all Americans. If we can rescue the banks, we can rescue The American Health System,


Dodie from Irvine CA   February 25th, 2009 12:13 am ET

I disagree... I feel we should nationalize only those banks that are asking for large handouts like Citi bank


Ann,Virginia   February 25th, 2009 12:13 am ET

McCain is so two faced it ins't funny!He sat there during the President's speech looking tense & angry(like he does when he doesn"t get his way)&then he comes on your show & says the President gave a very good speech etc!He can't have it both ways.McCain needs to realize that had he won,we would be in a lot worse shape!Republicans need to get a grip & stop playing politics with our future.They will be blamed if we fail,not Obama!!


Sherry, N. Calif.   February 25th, 2009 12:14 am ET

For Lisa-Where have you been? You obviously watch Fx and listen to Rush? Pity, you are not more open minded. To think in June, I was for McCain-I saw the truth in Aug. before the stock mkt. crash-Obama is a leader and that is what America needs with or without Republicans.


Dodie from Irvine CA   February 25th, 2009 12:14 am ET

Sheila

Keeping children in school is not a government's responsibility. Its the responsibility of the parent!!!!

That is why I always say.... never have more children than you can care for or afford!


michael   February 25th, 2009 12:14 am ET

Regarding the $10,000 from out 401k: They cant do that because the greedy top execs stole most if it.


Carmella   February 25th, 2009 12:14 am ET

An AWESOME speech by the President. America has no room for the Rush Limbaughs of the world, people who sow seeds of division versus offering solutions that will move America forward.


Kurt   February 25th, 2009 12:15 am ET

Watching the Congress... $ 1.00 - Asking the Banks....$0 .00 - Living the War...$ 1,000,000,000,000 - Hearing the President....Priceless


Rich   February 25th, 2009 12:15 am ET

Senator .......you have failed to mention the no-bid contracts at the Pentagon that the President mentioned....Congress was right to put the honus on the Pentagon to cut their own budget!


Jerome Smith   February 25th, 2009 12:16 am ET

President Obama's speech had the feel of a campaign speech. He included a lot of RA-Ra comments but gave few if any details as to how these things will come to pass. I was a little disappointed in the rectoric.


Victoria Weaver   February 25th, 2009 12:17 am ET

America can become the great country she once was…but DUH it’s going to take a lot of money. If $750 billion could not save the financial industry, rest assured that $750 billion is not going to rebuild the infrastructure of the United States. Tonight’s speech was a powerful call to action to the members of Congress as well as to the American people. Mr. President was correct they will not always agree, but is about time a President called to the table some of the most important issues that our country faces in this upheaval.


kesha   February 25th, 2009 12:17 am ET

Hi Mr. Larry King,
What a wonderful speech President Obama gave tonight!!!! Hes so inspirational and I know hes going to do his best! I hope Republicans
will honestly work with the President and Democrats to make America
her best!!!!


Dodie from Irvine CA   February 25th, 2009 12:17 am ET

@ Kurt@ Very well said!


Jose Nunez   February 25th, 2009 12:17 am ET

The President's historical speech gave this country HOPE and showed this country is able to rebuild.


Ann,Virginia   February 25th, 2009 12:18 am ET

My one question to the Republicans is,"why don't you guys get?"


gary in Calif   February 25th, 2009 12:18 am ET

Its a no brainer. People need money and banks need money. Don't give it to banks. Give a trillion dollars equally to all Americans. They will spend it to help their problems, or they will save/invest it. Either way, it will all end up in banks. Commerce and jobs will roll again!


Shane Franklin, Decatur GA   February 25th, 2009 12:19 am ET

How much success do we see when the President reaches his 100th day?


Sherry, N. Calif.   February 25th, 2009 12:20 am ET

I got my $$ what was left of it out of stock market just before McCain made the announcement on how strong our economy was! I laughed and said, "Yeah right!" This shows you how out of touch he was with the problems this country was facing. Wake up-GOP your party is over We Won.


Patrick Phelan   February 25th, 2009 12:20 am ET

Come on Larry!! Maybe the better question that you didn't ask before now, is did the Dem's want Bush to fail?? No one wanted any of this, but the dem's have just as much blood on their hands as the Rep's and Bush because of their push to make home ownership a "right". Chris Dodd and Barney Frank need to be called out for their role in this financial disaster. This is a prime example of what happens when government gets too involved in the private sector business.

Done be such a Dem homer!!!


Regina Collins   February 25th, 2009 12:21 am ET

I think President Obama does give America's hope and I believe in him. President Obama will need help of all congress. I just don't believe that he will get it from the replubican party. I do believe that the Republican party does want him to fail so they can get back the majority in congress. I believe they are that selfish enough to try to make this country fail


michael   February 25th, 2009 12:21 am ET

You build roads, schools, bridges. They need food, building material, tools, fuel. They earn money and spend money on those items to work and also spend on their families. Those places they spent their money now can buy more supplies hire more workers who can also spend. Not spent blindly, but spend. You get the picture


Ann,Virginia   February 25th, 2009 12:21 am ET

YEA Kurt!! Obama rocks! Republicans.....cluless!!


Helena   February 25th, 2009 12:21 am ET

Great sppech!
I just have one question about the stimulus check.
People like me who are self employed or independent contractors: how do we get the check if we do not get paycheck?
Thanks


Dodie from Irvine CA   February 25th, 2009 12:21 am ET

@ Victoria Weaver

Now where did that $700 billion go??? It could not have just disappeared, but 'we the people" certainly did not see any of it!


Madeleine Stefan   February 25th, 2009 12:21 am ET

President Obama is one one the best orators I have heard in many years. He is confident and assured in his convictions, which is why I believe that he has the capacity to move us all in a forward position.
I am dismayed by the fact that people are quick to judge him in such a short amount of time that he has had in the presidency to resolve some of the most crucial issues of this time!
I am 55 and now unemployed, but I believe that this president has the education, the stability and frame of mind to lead us into a new beginning. I also think that he is being as honest as he can be as a president about our dilemna and what is truly our future moving forward. I have never trusted politicians, but he is the 1st that I believe
is being realistic about what we need to face and how to move forward. He is truly an inspiring person!


Ruby Coria, LA. CA.   February 25th, 2009 12:21 am ET

Larry, John & the rest of the GOP look and act very tired. We do have to take over the banks, there is no other way, it will be ok. the GOP isn't running thing any more.


Ada   February 25th, 2009 12:21 am ET

Would like an honest opinion from the panelist about Jinda's so called rebutal.


Shane Franklin, Decatur GA   February 25th, 2009 12:22 am ET

I think John McCain did a great job supporting the president. He may look angry at some things, but I just think that's the way he looks all the time.


Sherry, N. Calif.   February 25th, 2009 12:22 am ET

Gary in Calif. They said if they did that ,we would only receive $2500 per person. Not much. Pays some people's monthly mortgage.


Sheila O'Shaughnessy   February 25th, 2009 12:23 am ET

I'm so proud of my president Obama! If we can fight for Iraq and Afganastan , we can fight for keeping our children in school and for the healthcare of all americans. God Bless America.
Sheila O'Shaughnessy


Sonny DeLuca, Rockford, IL.   February 25th, 2009 12:23 am ET

Larry,
Can we get down to the brass tax here.
Yes, America wants a different way of doing business, a non-republican way. These attacks on President Obama only serve to psychologically induce fear in the American Public and prevent any forward progress. I am sick of hearing republians cry wasteful spending. This was caused by their spending.
Pork Barrel? Ask yourself what republicans mean by that? Do they mean implementing new technologies that will benefit our economy years down the road? I believe the answer is yes. Republicans fear the changes to come because all their Big Business supporters will lose out when we no longer need their over-priced services and pollutants.


Victoria Seibert   February 25th, 2009 12:25 am ET

I will be 80 in July, so I am not a young person, but I think this young man was destined to be President of the United States. His speech was electrifying and if you listened carefully, he stated that his Cabinet was starting a long,hard look at programs that have not fulfilled in the past, and quoted an amt. that will be saved due to the eliminated these programs. Every one is concentrating on the amt. of money that he will be requesting from Congress and the bailout money that have been given to the Banking Industry, that we are not including the money to be saved by the above.,


Dodie from Irvine CA   February 25th, 2009 12:25 am ET

Regan Economics was a mess


Susan Boulanger   February 25th, 2009 12:25 am ET

When the President talked about middle class getting tax breaks what and health issues why is it that our Health care went up but our mayor isn't giving any raises to State workers in the state of Indiana to make up the difference and people are having to pay higher co pays because they are smokers and their families are suffering because of this with the huge co pays and can't afford to get prescriptions filled


Helena   February 25th, 2009 12:25 am ET

jindal is totally out of touch with reality, with what's going on right now, he lives in the past...
it was a disastrous response...


Rich   February 25th, 2009 12:25 am ET

Let's hear them get on Rick Santelli and the "traders" on Wall St........who have decimated the retirement savings of average working Americans by "shorting" stocks and driving them into the ground!!! Enought of Rick Santelli and Wall St......the Bush Administration is officially over!!


Dodie from Irvine CA   February 25th, 2009 12:26 am ET

One single payment will not work. I say lower interest rates for EVERYONE to 3%


Seth   February 25th, 2009 12:27 am ET

Is this Larry Elder guy serious? What evidence does he have WHATSOEVER that government regulation (the miniscual regulation that existed) caused the current economic problems? This man does not understand economics and government and doesn't deserve an audience on your show, Larry.

I want to hear what Ralph Nader has to say about this whole situation.


Jordan G   February 25th, 2009 12:27 am ET

We have big economic problems. Why most conservatives believe small goverment can tackle big problems?


Carmella   February 25th, 2009 12:27 am ET

Well said Mayor Kevin. This a time like no other. Action vs inaction you make the choice.


Sonny DeLuca, Rockford, IL.   February 25th, 2009 12:27 am ET

Yes, that's it. lets hear about what Reagan did in the 80's cause the world is still the same right? Why don't these people contribute to solving the problem instead of criticising. If you're not part of the solution you are part of the........


Dodie from Irvine CA   February 25th, 2009 12:28 am ET

@Victoria Seibert

I am not too far behind you.

Obama's speech reminded me of...Ask not what your country can do for you; ask what you can do for your country… JFK


crg   February 25th, 2009 12:28 am ET

I am so tired of the commentators who complain that Obama is promoting "big government". We have had lack of government to the result of "private enterprise" raping the nation.


Joel G Shortt   February 25th, 2009 12:28 am ET

I am a republican but I think Obama can help this country given the chance. I hear all the republicans say how many pet projects are in the stimilus and the budget coming up but thats just politics. All presidents do the same thing. I dont like it and its not in the best interest of the people but its going to happen. I just get tired of the people like Hannity harping on that and not talking about the good stuff that is in the bill.


Sherry, N. Calif.   February 25th, 2009 12:29 am ET

Helena, I feel your pain. What little bit of money we will get as working Americns in Calif. has been taken before it is even on our checks-Schwartzy dbl the reg. for cars and raised the sales tax to 8.25%. Remember when you come to this country as an immigrant you get more from the govern. So vote against the Amnesty bill. It is horrible waste of money and it is my S.S. I have paid for 45 yrs. i may not see a dime of it. Oh, well, dog food is more filling than cat food so I am preparing early on my plans as a little old lady.


Helena   February 25th, 2009 12:29 am ET

Good on health care. I had to cancel mine for this month March because for no aparent reason it goes up $100 ....
Can't afford it anymore....
Let's hope I stay healthy till Obama's plan...


James in Kamiah Idaho   February 25th, 2009 12:29 am ET

Dear Larry, All I heard from Jindal, and all I'm hearing from the rest fo the republicans is denial. Denial and putdowns for every good idea that someone comes up with when it isn't republican founded republican approved.

The one gentleman especially saying that the presidents stimulus is basically a pipe dream. It makes me wonder if he isn't one of those whining stockholders who just happen to be getting a spanking for bad behavior.


gary in Calif   February 25th, 2009 12:30 am ET

Sherry, N. Calif. Thats $10,000 for a family of four and it sure beats $400 coming $10 a week on my paycheck! Its $35,000 for that gal with the 14 kids. I bet she would spend it and it would make commerce and end up going in and out of banks.


Kelly from Louisiana   February 25th, 2009 12:30 am ET

It's Jindal Ada


Dodie from Irvine CA   February 25th, 2009 12:30 am ET

@Ann,Virginia

Actually this mess started with Greenspan with deregulation... then the Bush admin just took advantage of this...


Carmella   February 25th, 2009 12:31 am ET

Larry Elder doesn't want the country to fail, he keeps escaping the question do you want the President to fail. Like I said no one in thier right mind wants the President to fail. It's pretty obvious he is not in his right mind.


Tony from IL   February 25th, 2009 12:31 am ET

I thought Obama's speech was great. However, I didn't see the republicans stand up and clap when Obama thanked congress for passing the stimulus bill. Gov. Jindal is looking forward to the 2012 election and not what's best for his constituents. Republicans should work more with democrats.


Carla   February 25th, 2009 12:32 am ET

President Obama appears to still be on a campaign trail. It's over! Let's talk about the details of the issues and the solutions to our many problems. It's time to start walking the talk instead of just talking the talk. He needs to stop the bash Bush game, he is gone. Deal with the present and the future. This should be enough to keep him busy. I don't understand why government has not realized the true problems with the housing market and the lending industry. It started with the credit bureaus. When people went into local banks to get a loan, you did not hear of high percentages of the repossessions. There was common sense used when making loans. The credit reporting system that created this economic mess is out of control. If he really wants to stimulate the economy send the bail out money to tax payers and let them stimulate the economy immediately by paying for homes, cars, food, clothes, etc. Stimulate all business and not just the ones that have the biggest political supporters. President Obama tell us which of your pet projects will not be funded!


Patrick Phelan   February 25th, 2009 12:32 am ET

Mayor Johnson has no room to tell us what needs to be done, when he has an $11M budget shortfall in his own city. Better focus on your own problems and not look to Obama for a bail out.


Elizabeth   February 25th, 2009 12:32 am ET

Dear Larry,
Thanks for all your great work! Regarding Obama's address tonight I find one issue greatly lacking and that is, addressing all the issues of forclosurers. What distresses me, Obama said he will only help the "responsible home owners". I find that judgemental and finding fault with individual home owners for being is such a position. He forgets it took two, the lender and the home owner to make a loan. Until the housing market gets stablized no plan is going to work and Obama seems to minimize this problem and has included programs in his plan which are not addressing the immediate needs of this finincial crises. Japan failed to act and address the real issues of their finaincal problems and their economy got worse instead of better. I am very disappointed that Obama is chosing good home owners and bad hone oweners and will only help the worthy, the good home owners who have "saved" money. This is a double standard and not fair and is not addressing the root of the economic problem. I don't feel his speech is making the economy better, it is just more words.


Chuck Young   February 25th, 2009 12:32 am ET

I am 52, and in the construction trade, I have been layed off 2 times in the last year, I have spent my saving, ira and I am on unemployment now. I have lost my work truck cause I could not pay for it, I have no insurance for me or my family, I flied bankruptcy last week. I hope the President plans work, but I don't see what there is for me.


Dodie from Irvine CA   February 25th, 2009 12:33 am ET

Org! I agree with you.... Business is "for profit" government is non profit. However, we need checks and balances... I belong to neither party, but I am hoping the Repubs will keep the Democs honest...


Carmella   February 25th, 2009 12:33 am ET

Get Larry Elder off the show please. He is trying to demean the President, speechafer please, he is now trying to create words.


Joseph   February 25th, 2009 12:33 am ET

Cong Blackburn says Mr. Obama said "the era of big government is back." Hooray! There IS a role for government, Democrats know what that is. Republicans seem not to be able to see a role for government whenever they are not in power. When they were in power they sure did. As Gov Jindal said they wanted to enable business to prosper, and that would drive hiring. That says nothing about health care reform or education. He said as clearly as he could without actually saying this: We care about business, the rest of you can be undereducated, get sick and die from lack of affordable health care. Not a winning populist plank for the republicans.


Carla O Anoka, MN   February 25th, 2009 12:33 am ET

Obama has kept all of his promises to the Nation to help repair this economy. He is only doing what is right to repair this economy. Like Obama said it's time for a Change and he is cleaning up a messy situation that the economy is facing from the Bush Administration. I guess people find it hard to believe that we finally have a good President in the office that interact with the People of America and do what is right for the United States of America. Senator McCain should stop trying to make Obama look like he don't know what he is doing. I guess he still can't believe that everyone has made a wise choice and chose Obama for our President. We are tired of negativity that's been going on for the last 8 years so cut the negative thoughts about our President Obama McCain and the rest of the people out there that have the same thoughts along with McCain like that silly Governer in Louisiana. Carla O. Anoka MN


Rich   February 25th, 2009 12:34 am ET

At this point in George Bush's first term he was already planning his vacation to Crawford, Tx while Richard Clarke his chief terrorism head was warning him about Al-Queda!! He wouldn't listen to him because he was a Clinton administration holdover.......Out of Iraq now!


JHarris   February 25th, 2009 12:34 am ET

Tell Dear Martha from Tennessee that "The ERA of Big Government" just DOUBLED our national debt in the last 8 years. What the heck does she think we just got finished with?
Jimmy from Georgia


Victoria Seibert   February 25th, 2009 12:34 am ET

If you recall, Pres. Obama stated that his cabinet is already working to eliminate programs that were not workable and the money saved on shelling money into the ineffective programs will stop and now be applied toward more workable programs. And I am sure there are plenty "lemons" out there


Ann,Virginia   February 25th, 2009 12:35 am ET

Lisa,Woody's right...Please join the 21st century.John McCain is so angry it shows in his body language...watch him & u will see.Obama is your President too & I'm sure unlike that idiot Limbaugh,u do not want him & our country to fail.


Carmella   February 25th, 2009 12:35 am ET

All Republicans know is tax cuts, same old tired arguments and same old worn out ideas. I have not heard one thing that is innovative or creative from the Republican Party. All they know how to do is complain about what is not right.


Dodie from Irvine CA   February 25th, 2009 12:35 am ET

@ Chuck Young

get a job with the government... the pay is poor but at least you have a job and medical insurance


Dumnig   February 25th, 2009 12:35 am ET

Any educated person knows that jobs are created by upper class and small businesses, both the people that Obama wants to raise taxes, what an idiot! How many people on welfare are gonna create jobs? Hell half of them won't even work. I'm sick of hearing these dumb uneducated liberals run there mouth, they are too lazy to get a job like the rest of us and they want dumb Obama to give them money bc they are lazy, what a crock!


Stephen Manning   February 25th, 2009 12:35 am ET

Some idiot on Larry King lIve said stimulus didn't work because of thw New Deal. The Nw Deal halved unemployment in a few shor tyears, and this attack on FDR is a Rovian propaganda attack. The New Deal is waht it is, history, and the Republican hacks are pulling out every minor and insignificant statistics to attempt to discredit the current President. Yoiu should remember that Reagan increased the deficit in order to "put money in the pockets of ever American".


Rich   February 25th, 2009 12:36 am ET

At this point in George Bush’s first term he was already planning his vacation to Crawford, Tx while Richard Clarke his chief terrorism head was warning him about Al-Queda!! He wouldn’t listen to him because he was a Clinton administration holdover……Enough of the partisanship..........Out of Iraq now!


Reginald Bassey   February 25th, 2009 12:36 am ET

Why are the republicans trying to be political with America's future? We have learnt from history that it is not necessarily good policy that works, but policies back by commitment to make it work. If all these commentators sit and fold their hand, and Obama's plans work in the long run, we will tell our children what happened and they will not be forgiven for placing political concerns before national interests.


Phyllis   February 25th, 2009 12:37 am ET

Maybe Gov. Jindal and Senator McCain should actually read the package they are opposing. The Disneyland to Vegas railway and a new presidential helicopter are not in the deal. Many Republicans are saying they are going to turn down the money set aside for their state. So be it. Colorado can use what they don't want and come voting time in two years we'll have an entire Democratic party running the country-without opposition at every turn.


Ruth   February 25th, 2009 12:37 am ET

The Republicans Want small government and want to keep their hands in our pockets. This is not one mans war, this is something the whole country needs work toward for a happy, healthy america. Tell the republicans party to gear up..
Tell the old old men to make a change for the Americans.


Dodie from Irvine CA   February 25th, 2009 12:38 am ET

Rich... I agree... we need to get out of Iraq now. After bombing countless innocent people, I am sure we created a lot of people who now hate us and could be dangerous


carolyn-AustinTX   February 25th, 2009 12:38 am ET

I think the President's speech had a Regan like quality to it and I am so happy to have someone call ALL to be accountable. I am sick of the folks who still think government is bad and and that private enterprise will do what is right. Have we not seen enough proof that big, unrestricted, unmonitored enterprise has raped the American people and greedily run away to other countries with their commerce and profits.


DISIE, NC   February 25th, 2009 12:39 am ET

Larry, the only question that should be ask to all company's that require our tax money is where is the profit they were making before the reccession ? It's finance 101 you cannot borrow your way out of debt. Tax payers have Fico Scores to regulate their finances. Who is regulating companys when the cannot pay their bills or overextend themselves ?


David Grayeagle   February 25th, 2009 12:39 am ET

First – Larry Elder still has a JOB ! so why should he care if the little man gets help or not. Second – He and Mrs. Blackburn forget we tried it there way for 8 yrs. and it didn't work.


Cynthia Roberts   February 25th, 2009 12:40 am ET

Responding to Congresswoman Blackburn, the Nobel Prize winning economist who just spoke on AC 360 said we should not judge the economic recovery by using the stock market as a barometer. As to the Republicans' claim that government is growing and they want less government and using Ronald Reagan as an example of what to do, as an average American the Reagan years were the worst for us - my husband was laid off twice and we suffered severely financially – every time the Republicans are in control my family suffers – so for me the Democrats seem to understand the "little" person much better!


Dodie from Irvine CA   February 25th, 2009 12:41 am ET

Pelosi's tax payer funded vacation to Italy… wondering how much that will cost us? I understand the Jet cost was close to $100,000 alone.


Ann,Virginia   February 25th, 2009 12:41 am ET

Lisa,I have a suggestion,why don't you watch FOX instead of Cnn or you could just move to Alaska with that nutcase Sara.I understand u can see Russia from there!Woody was wrong,u are just angry because McCain gave the election to Obama!!We won,get over it or watch Fox.


marc from st. louis   February 25th, 2009 12:42 am ET

Larry, Larry, Larry. That last segment really came off as a fluff piece. Why didn't you ask the pundit that was championing the private sector: "The private sector and the 100's of Billions that the Bush Admin. threw at the private sector got us into this mess why should we trust the private sector to get us out.


Dodie from Irvine CA   February 25th, 2009 12:42 am ET

I agree with Larry Winget in some areas...


Sean Smith   February 25th, 2009 12:43 am ET

Please, Please, Please! Can someone please get one of the republicans to answer the following question:

If their IDEAS and approaches to government are the answer, how did we end up in this position after eight years of their method of governance?

So far, I'm not able to follow their logic.


Carla   February 25th, 2009 12:43 am ET

President Obama needs to send the bail out money to the American people he says he has so much faith in . Is is obvious that he has no faith in the bank executives, however he gives them the money. Why? Why not give it to the people he has faith in? Also, tell Nancy to join the Dallas Cowboy Cheerleaders if she wants ot be a cheer leader. Please don't let her sit behind Obama anymore, she is very distracting.


Sonny DeLuca, Rockford, IL.   February 25th, 2009 12:43 am ET

Here's some good advice for all:
I am a small business owner and to combat this problem I cut my own pay completely and just have the company pay my expenses. I have hired 6 new employess this month because my employees agreed to take a small pay cut (.50 per hour) after they found out what I did. Now my patrons have heard what I and my employees have done and are spending more so my profits are on the rise. Today I put another help wanted ad in the paper although I don't know what I'm going to have them do, I own a 2500 sq. ft. bar and currently have over 30 employees. It's called working together.


Dodie from Irvine CA   February 25th, 2009 12:43 am ET

Why not decrease all interest rates for EVERYONE in the USA to 3% giving the average family several hundred dollars a month more


carla   February 25th, 2009 12:44 am ET

Larry Elder, as many others, only re-stated "points" the last 8 years have proven fall weak. When are the Republicans going to accept that change means our structure as we know it, needs change. Our values have changed. Accountability, Education matter.. a Free for all Wall Street is not the end all and is actually dangerous. I anxiously wait for them to get that. We need them to plug in.


Patricia Lite Hickman   February 25th, 2009 12:44 am ET

If you agree that this could be a solution, copy and email friends and family. If it gets attention it could quickly pull us out of the mess we are in, solve the homeless problem and various other ills we have going on now.
------–

CNN reported about a week ago that 2/3 of the economy is consumer spending. This plan would give immediate stimulus to The People who in turn will boost the economy.

1. Freeze all prices where they are today.

Prices must be frozen where they are today for two reasons.

1. They are totally out of control

2. If not frozen and the people get some funds to spend, everyone will raise their prices in an insane way. Gas will go to $50 a gallon or more overnight.

2. Secure the borders – allow no drugs into the Country

3. Population of the USA is 300,000,000

4. Give each adult over age thirty-five to age seventy $100,000 immediately.

People would start buying cars, paying for homes or purchase an affordable home. Another bailout to the auto industry will not be necessary. Bank bailout turned out to be a farce.

Give The People the money! This will boost the over all economy within the first week. That in turn would boost the manufacturing industry immediately, and most likely create a backlog which in turn will create more jobs. Include the disabled in this too. They can purchase cars modified to their needs, open a small business and get off disability, purchase or pay off their homes and overall pump up the economy.

5. Stop the tax breaks for outsourcing American jobs immediately. t was a mistake that has come home to roost in a few decades.

6. Give incentives to open small businesses.

7. Institute the Health Care plan for every citizen that Senators and Congress have.

8. Government workers should immediately start paying into social security as all other workers are forced to.

9. Work on a minimum wage plan that would deliver a true living wage for workers.

10. Continue with the job creation programs for every state.

11. Let the banks and business that used poor judgment fail. With the boost in the economy, they will regroup. Stop bailing them out with taxpayer funds that are not helping the people.

12. The People will not fail in this bailout. Sure some of the funds might be wasted, (it will still go back in the economy) but the majority of Americans are thinking, loyal Americans and want this Country to survive.


Josef from TN   February 25th, 2009 12:44 am ET

For all the critics of the stimulus plan... Are you the newly wedded mother with a degree in education who is going to be laid off her teaching job, or the police officer who will loose his pension and be laid off after 25 years of service...by the way are any of the critics loosing thier home to forclosure and finding themselves standing in unemployment lines. "I wonder how your outlook of the stimulus plan woudl be different if you were wearing someone else's shoes"


Karen Schlaefer   February 25th, 2009 12:44 am ET

RE: Housing Issues (Not a complaint! It’s a PLAN!)
& First Time Home Buyer Credit

From: Karen Schlaefer, Realtor, and St. Paul, MN KSchlaefer@minnesotahomes.com

*** PLEASE READ and let me know what you think***

I have 23 years of experience in the Twin Cities Real Estate Industry, so I feel qualified to comment and I’m passionate about this issue.

1. The President can throw three times as much money at the banks, and they can lower interest rates to 2% and it will NOT help get us out of the foreclosure / short sale spiral!
2. If you don’t have at least 20% equity in your home, you will not be able to refinance to a lower rate. (However under the new plan some of you might benefit….If your loan is under $417,000 and you have good credit and you have a job then the banks might workout a loan modification)

I suggest the package gives everyone the opportunity to adjust their mortgages with a Stimulus “Buy down” on ALL existing owner occupied mortgages. This more equitable plan looks like this:
1% to 2% "BUY DOWN" on ALL owner occupied 1st mortgages! A "Buy down" is different from a refinance! The original loan stays in place and the government creates a fund to supplement the mortgage payments, maybe it is limited to a 3-5 year period
With a 2% buy down for mortgages under $417,000 and 1% buy down for mortgages over $417,000.

Example: On a $250,000 loan at
6.5% the monthly PI, principal & interest= $1580
If the interest rate was reduced to
4.5% the monthly PI, principal & interest = $1266
(A savings of $314 a month or $3,568 a year.)

Example: On a $500,000 loan at
6.5% the monthly PI, principal & interest= $3160
If the interest rate was reduced to
5.5% the monthly PI, principal & interest = $2838
(A savings of $322 a month or $3,864 a year.)

I believe the benefits would be as follows.

1. For homeowners who are doing ok. at any price point- it's a BONUS! These lucky people could spend the difference; Maybe buy the new family car; Invest in the stock market again; Take a trip; Paying off other debt– All of which we need to stimulate the economy!! We are using their tax money, and these were people who made smart financial decisions before, could do it again..
Win-Win!!

2. For people who lost their savings in the stock market, they could try to catch up a little by paying down their mortgage a little faster before they retire, or get hit with a big college tuition bill….

3. For homeowners who are over mortgaged owing more than their homes are worth; these people could use the buy down to pay their mortgages down at a faster rate. Helping people build their equity-putting Value back into our homes is good for everyone!!

4. For the Homeowner who lost a job, they could pay the lower payment and try to put their lives back together.

This would restore confidence in our housing market, resulting in fewer short sales and foreclosure properties, less listing inventory which would eventually balance out our supply and demand in the housing market, resulting in a recovery- for everyone.

NOTE: If someone sold their home a year down the road, anything left in the "Buy down" account, would go back to the government. Also, the government would be able to recoup some of this "Buy down" money at tax time. If someone had a 6.5% mortgage, but took a 2% "Buy down". The homeowner would only claim a 4.5% interest deduction on their taxes, and the government could take the interest deduction on the other 2%. Paying back some of the buy down.

This is by no means a perfect solution, but if we all need to work together, then we should all reap the benefits together as well!!

Note: I have not figured out how much this plan would cost, but after watching the government give AIG $85 Billion, imagine what homeowners could have done with that money!
Not to mention homeowners would not have been in this much debt or trouble if we still had the old fashion 28-36% qualifying ratio limits!!!
********************************************
First Time Home Buyer Credit:
Also, the first time home buyer credit is backwards! Giving away $8,000 to a buyer one year after buying their first home... is crazy!
According to the plan, they must live in the home for at least 3 years or they owe the money back. So, first the buyers have to come up with their down payment min. 3% on an FHA loan, and they have to either pay their closing costs out of pocket or as the seller to pay the closing costs for them... which means they are going to pay more for the home. The way this plan is set up, it will not open the door to any new buyers who have a good income but have not saved enough for their down and closing costs yet. - But, I'll bet, if you offered the $8,000 to the buyers upfront, and only to be use for the down payment and or closing costs, you would open the door to far more ready willing and almost able first time homebuyers. How many of these buyers will opt to put the money back into their homes when they get a tax return next year? But if they sell in less than 3 years, they have to pay it back and they will NOT have enough equity in their homes and they will start the short sale and foreclosure cycle all over again!!!! Make the buyers put the credit right into the home/ down payment or closing costs only! Only to be paid at closing.

Karen Schlaefer
Realtor, GRI, CRS


Rich   February 25th, 2009 12:44 am ET

How about the Wall St. traders who got rich "shorting" stocks and driving them into the ground while average working Americans lost their retirement savings......enough of the Rick Santilli's!!


Dottie   February 25th, 2009 12:44 am ET

The only think President Obama didn't do was put the blame where it belongs, on the backs of George Bush, Dick Cheaney, Karl Rove and the Republicans in Congress. Now these Republicans can't stand the truth. If they can't stand the truth they should get out of the kitchen, or better yet, Congress.


Steve A   February 25th, 2009 12:44 am ET

I have a question for the Republicans. They keep saying that Democrats keep spending taxpayer money. I'd like to know just exactly what Republicans feel tax payer money should be spent on. If you can't spend on the country and the American people, when it's much needed, just what are our tax dollars supposed to be spent on? And when should it be spent?


Pauline Kubiak   February 25th, 2009 12:44 am ET

Just me. I need a job. I did not hear it.


Mandy   February 25th, 2009 12:45 am ET

It was great 🙂


Ann,Virginia   February 25th, 2009 12:45 am ET

Amy,What planet are u on?Obama is the only hope for our recovery.


Jordan Baker   February 25th, 2009 12:46 am ET

We thought his speech was inspiring. I'm worried about the spending. But more importantly as a young couple with limited assets, we would like to know where we should be investing our money? Stock market, 401K, real estate?


Antonio R Blount   February 25th, 2009 12:46 am ET

Mr. King
What I don’t get is why are all these people stepping up to the plate now and trying to hold the President accountable. If all these people would have done this with President Bush maybe we would not be in this boat we are in now, or were all these people scared of the last President?
Have you ever been on a team or heard of a person acting like a team players but not contributing anything to the success of the team. This is what I see When I look at and hear some of our elected officials. It is almost sickening to see and hear this stuff, what did the last President do in 8 years? President Obama has only been in office almost two months, give him a chance.


Stephen Manning   February 25th, 2009 12:46 am ET

I have just seen some idiot say that tax cuts will solve the problem. Explain t me how the unemployed will benefit from a tax cut.

Perhaps if we do not spend more money to hire people those people who are unemployed will willingly pay more taxes and the national revenues will increase and if we don't get in the way alice will find her way back to Kansas. Yeh, Let's do nothing, that worked for Herbert Hoover.


Mark   February 25th, 2009 12:46 am ET

What's wrong with spending on alternative energy? Wait till we start getting the benefits of renewable energy in a few years not to mention the idea of saving the planet for our kids. Too bad that Gov Jindal just acted as a wet blanket...That's not going to help lead us forward. Thank you Barack, Mark, Beverly, Mass


JRyan   February 25th, 2009 12:46 am ET

How can you say that people don't want or need $65 a month? That is a bill a month I don't have to pay. Between my girlfriend and I, that equates two bills we don't have to pay.


Steve Farnsworth   February 25th, 2009 12:46 am ET

Sir,
You had a congress woman on the show to night and she said the president wanted to raise the taxes on people making over 250 thousand dollars a year. Did she not understand the taxes are on the individuals personal income not the businesses. I think folks take too much out of context and to little at the face value...
Thank you for your time...
Steve


Ben   February 25th, 2009 12:47 am ET

This is all a joke. With Obama seemingly bringing our economy down on terms of Wall street. People concurr of this sense of change which is somehow bringing a sense of hope to America. People help people we must understand that his speeches are wonderful but the ever doubting questions of the actions that go behind those words. and if our economy fails where do we go from that setback?


Dave   February 25th, 2009 12:47 am ET

What we really need is a personal bailout of $5000-$10000 per taxpayer /family NOT in the form of cash but rather in the form of Credit.

This credit could only be used to purchase 'products and services", TARGETED to "stimulate" the areas of the economy that would in turn create the NEED for jobs.

This isn't rocket science.


Jason Linden   February 25th, 2009 12:47 am ET

I understand peoples viewpoints on wanting tax-cuts, but how does cutting taxes assure Americans that money will re-enter into our economy rather than these Americans saving it for years and years in substitute of the loans that they currently cannot get?


Dodie from Irvine CA   February 25th, 2009 12:47 am ET

Obama’s speech was not as specific as I would have liked to hear. He is a wonderful speaker, but I want to hear exactly how he plans to execute what he says…

The speech reminded me more of a pep rally speech! Probably to help reassure the Americans


Dr. T   February 25th, 2009 12:47 am ET

Your financial analyst has the same attitude that exemplifies a key problem in our society: we always want more. $64 is a tank of gas, a grocery cart for the week, bus fare, three months gym membership... it is not a 'joke' as he says. It is not vast wealth to pay off our mortgage, it isn't a free ride out of trouble; it is a LITTLE HELP so we can WORK our way out of trouble.


David Old Hickory, TN   February 25th, 2009 12:47 am ET

I think that so much of the conversation on small amounts "the $65 dollars" a month" being put back in taxpayer's pocket being discounted as nothing is ludicrous.

!.) $65 a month may pay my co-pay on one of my medications and leave me


Adam Hefner   February 25th, 2009 12:47 am ET

Let's quit fooling around and address the real problem, a 65 TRILLION derivative debt, that's disrupting world wide economy or repudiate it and go from there


Leslie Smith   February 25th, 2009 12:48 am ET

Good Evening; Well I would like to know why no one (media) is speaking about the fact that the stimulus bill (that was signed one week ago ) has already made a small growth. I would like to comment on the behavior of the house this is not new behavior this is a networking disease that has manifest between the parties over years.This behavior is not going to change in thirty days or hundred days. Rep do not want this type of change. No lining in their pocket , They care for themselves. Bush himself made the remark' It started with a George and it ended with a George' explain your comment Bush? New York post is offensivlely blatant towards Our New elect President, It was disrepectfull to our nation. We should opt out of subscription. Cancel our subscription in plain english terms. Watch this paper withdraw from circulation, pay back their advertiser's, New York Post can no longer meet contract, because it is to costly for them to keep their doors open. There last publish paper they announce we are closing our doors we will be monkeying around for other employment opportunities. Well good evening from LR Smith Los angeles ,California


Sonny DeLuca, Rockford, IL.   February 25th, 2009 12:48 am ET

DISIE,
It's called Dun & Bradstreet. Look it up


Bill   February 25th, 2009 12:48 am ET

Will the 2008 $7500 Tax Credit repayment be eliminated?


Sabrina   February 25th, 2009 12:48 am ET

I puchased my house 18 months ago, for $300,000, I borrowed $55,000.00 from my parents and my retirement. I am told that my house is now worth $215,000-207,000.00. Will I be eligible for help or am I one of the poor fools who have tried to do the right thing and will just lose out? Will I have to hope that I will not have to sell my house for any reason for the next 15-20 yrs that it may take to reach the amount that I originally paid for the house?


Dodie from Irvine CA   February 25th, 2009 12:48 am ET

Don, I agree with you... we all have to "step up to the plate" and take responsibility!


marilyn   February 25th, 2009 12:48 am ET

I am on disability and will not get the $65 and wish I could!!! I am very budget oriented and know exactly how I could use that money and I think anyone hurting for money would appreciate that extra $ into their paycheck!! I don't don't how much your speaker is making but he sure isn't struggling from paycheck to paycheck or disability check to disability check!!!!!

I just worry what I will get out of this if anything and my 2008 medical expenses were $6,000.00!!!. Figured it for my taxes so I could do my daughter's FAFSA for college!!!!


Tony from IL   February 25th, 2009 12:49 am ET

Ali Veshi as said on AC360 that Americans are savings is at 12% since the economic crisis. Since people are saving more money because of the crisis, I don't think the tax breaks will help. What else can be done to stimulate the economy?


Zelene Laney   February 25th, 2009 12:49 am ET

I thought that President Obama gave an excellent speech. The thing that really upsets me is the fact that so many newscasters and their guest refuse to give the office of the President and the President the respect that the office and the man deserve. If you can't bring yourself to address the President as Mr. Obama or President Obama you could just say the President without saying his name. When you disrespect the office of the President and the President by not addressing him properly, you are showing the world how petty and divided the country is. Please stop calling the President OBAMA and show some respect and address him properly. After all is said and done whether you like or not, Mr. Obama is our President.


Senthil   February 25th, 2009 12:49 am ET

I don't understand your guest ... In what way Tax cuts help (even you put 500$ in individuals pockets in this economic crisis) when we're worried about our Jobs. I can forego 100$ per month, if the job market can be stabilised at this time. It is a matter of confidence. Let us not be pennywise and pound foolish !!


SJ   February 25th, 2009 12:49 am ET

Why isn't the "mortgage holiday" being given serious consideration?- it addresses all the points we need ie- consuer spending w/out the need to "bail out". The American people are tired of seeing our monies given to corporations to try to "save" – it is now time to put the power and the repreive back in our hands.


Jordan Baker   February 25th, 2009 12:49 am ET

i forgot to mention...how can we be guaranteed that the jobs created will be solely for Americans? Or does his proposal outline regulations for making sure that jobs stay in America.


Barbara   February 25th, 2009 12:49 am ET

Great job and speech! I think we need to be patient and let our President do the job he was elected to do. Of course the naysayers of the republicans party have no confidence, but they did nothing but get us in this recession on their watch. All of us have a responsibility to help get out of this mess along with the President. Give the man a chance to make a difference...and not just criticize.


Larry   February 25th, 2009 12:49 am ET

Mr. King,
Mr. Winget, as well as many other stimulus critics, stated that we cannot spend our way out of debt. But isn’t the real issue whether we can spend our way out of a recession? Government spending is not intended to decrease the debt, but rather spur economic growth.


Carol Braden   February 25th, 2009 12:49 am ET

Hi,

I have just been laid off from my job of 22 years as of 2/19/2009...

Comments on the speech and your commentators:

1. Investment is necessary for growth. Capital begets capital. We have not invested in our youth (Education), our energy, what we build (automobiles), science and technology.

2. We've tried giving tax cuts to the wealthy. Maybe Rolex and Mercedes Benz sales were up, but I doubt if it trickled down much more than that.

3. Lack of government oversight has led to this disgusting mess we are in. It's time to reign in the greed-meisters!

I am willing to work hard for President Obama. I just got laid off, so I have some time and I would love to volunteer to do something, to teach someone, to help someone, to move forward. That is his talent and why he is the best person to be in office right now. He is a leader.


Tim Duvall - SF Bay Area   February 25th, 2009 12:50 am ET

I have not yet figured out where the investment is in this stimulus bill. I have been thought that an investment is something you put your money into and get more of it back then you put in. Can anyone tell us what the % return on this bill is to the American people. How many yaers will it take to get back the principal and interest?


Joshua   February 25th, 2009 12:50 am ET

Hey Larry, Here's an idea...rather than giving welfare to known cheats...a.k.a. the banks...and nationalizing them...how about nationalising the credit card companies...and from this day forward , until we are out of this mess, apply ALL of the payments to the principal...allowing hardworking americans the opportunity to get ourselves out of this mess, we could do the same with mortgages...oh yeah, but that helps the average citizen so that won't work!


Ardeene Westvik   February 25th, 2009 12:50 am ET

What is Jean's answer to people my age (78) that have worked and saved all their lives and are now losing their savings in the market (well diversified).

Both of my children in their fifties have been laid off. (Both employed with same company for 25 years and college graduates.)

Obama has nothing for us.

Former teacher and school administrator
(Jean is talking idealism-not realism)


Lennox   February 25th, 2009 12:50 am ET

Ask all the critics of the government response to the current economic crisis where is the private sector plan? I guess it was asking the government for help ie. Banks, Insurance, Manufacturing


George   February 25th, 2009 12:50 am ET

Can someone answer the question "How is more spending or increasing the debt help the economy in the long term?"


didier   February 25th, 2009 12:50 am ET

if the government have to keep cutting taxes, how it suppose to found all the programs. we hear from the republican the the government should get out of the way but until now i dont see any money coming from the private sector. isnt that a failed argument from the republican party?

for Larry


Jan   February 25th, 2009 12:51 am ET

WHAT ABOUT THOSE WHO HAVE ALREADY LOST THEIR HOMES and yet will receive a tax bill on the hundreds of thousands of dollars lost? They will have to declare bancruptcy for no other reason unless the bailout protects against this...in many cases the only investment of their lives went down in half or more in less than a year as with MANY MANY in Florida...


Wanda   February 25th, 2009 12:51 am ET

Its said that when the stimulus checks went out to us the people last year, that we all either saved it or paid down debts. I hear alot of comments about how we should have been given another stimulus like that one. Why doesnt someone do a survey, and ask all of us, what did we do with our money from the first one, and lets find out for sure what it was spent on. Maybe a survey on what we would do with one now if we did get one? This would be very interesting to know!


Clifford Lazar   February 25th, 2009 12:51 am ET

Larry Winget speaks out of both sides of his mouth.
1. Tax cuts are the way not borrowing and spending.
2. Tax cuts are too small.


Rich   February 25th, 2009 12:51 am ET

Hey....finally and admission of the Bush adminstration failed economic policy of "keep shopping at the malls and driving your SUV's"

At this point in George Bush’s first term he was already planning his vacation to Crawford, Tx while Richard Clarke his chief terrorism head was warning him about Al-Queda!! He wouldn’t listen to him because he was a Clinton administration holdover……Enough of the partisanship……….Out of Iraq now!


Linda Lawton   February 25th, 2009 12:51 am ET

While I am an AVID supporter of President Obama; what is up with the "providing internet to remote locations"-as part of his plan?
I am a single mother of two; for 12 years, been on TOP of the World as to income, and also fed my children when I had little money.
What is UP with the "providing internet access to these areas"-when we-as working Americans have always paid this on our own-as a means of job searches, etc., and survival?


Matthew Kahler   February 25th, 2009 12:51 am ET

I am an energy conservation consultant. I am working with Washington States government (through Rep. Williams office) to roll out what I am calling "economic stimulas through citizen education". I have a very basic set of steps that everyday citizens can take in their day to day lives that will put as much as 2 Billion per year back into Washingtons economy as well as free up hundreds of millions more of our clean hydropower for sale outside of our state borders, bringing an additional boost to our economy. Country wide, I estimate that we could conserve our way out of this mess by turning around up to 750 billion yearly that is currently being spent on unidentified waste. The average american can cut their electric bill by as much as 7% by simply putting milk jugs full of water in the empty space of their refridgerator. This is because solid mass will retain temp. much better than vacant air will, reducing the work load of your fridge. Thats about 9billion country wide. These are things that are not taught in school or life. If you would like to help me get the word out to the rest of the country contact me. Mkahler@fifthfuelsolutions.com


Sarah in Indianapolis   February 25th, 2009 12:51 am ET

Larry. I am convinced that whatever the recovery plan is there is one dynamic that economist cannot predict but the American people have predicted and that is greed and selfishness. The free market is laden with greed and putting the taxpayer at a disadvantage. High interest rates, bad mortgages, Madoffs, Automakers are lazy to come up with new ideas. ... How do you overcome that?


George   February 25th, 2009 12:51 am ET

I am tired of hearing what Ronald Reagan did in 1980, he didn't have a financial crisis like we have today. All he had to deal with was high inflation and high unemployment. When will Republicans get it. Tax cuts alone won't solve this problem and Reaganomics is not the answer. It's 2009 and we have some 21st century problems.


Andrew Wakefield   February 25th, 2009 12:51 am ET

Well I'd just like to say that I am very happy with the way he talks of transparency and accountability as these are things I am not used to hearing from the president. I am optimistic about the stimulus package but we'll see how it turns out. What I don't understand is why republicans keep saying that taxes will be higher for everyone when in actually they will only be higher for people/businesses that can afford them. And as far as healthcare goes...if we achieve universal healthcare during this presidency it would be MONUMENTAL.


Gautam Trehan   February 25th, 2009 12:51 am ET

I support our President on what ever he is doing to fix the broken system but My question is about Current plan for Stimulating the Economy ? I would like ot know if there any plan which encourages people to spend money? Economy guru’s are saying if you spend more it will jump start the economy? Like giving credit or Monetary gain on spending, For example, the first time home buyers get some kind of tax break and then they repay it in couple of years, similarly is there any plan for getting people to spend money and get some financial benefit out of it. Like in order to help Auto industries there should be a plan for providing Tax break or some credit to people for buying Cars, Similarly for helping tourism industries there can be a Tax break for one Vacation in a year and things like that.

I would really appreciate if my concerns could be addressed.


Michael   February 25th, 2009 12:51 am ET

That was the most superficial speech, punctuated with enthusiastic applauses that tend more to hide the empty promises.

The president does not say how much money a family will get in April. It is only $65.00/month, which translates into $16.25/week. I guess that will keep a family afloat.

Americans need to start analyzing speeches, and stop merely listening to words.


Beth   February 25th, 2009 12:52 am ET

President OBama gave a great speech tonight. I don't understand what he did not say, which is that he increased the deficit last week by 75% and now wants to decrease it by 50%. If he giveth, then he has to take it from somewhere. And I think it will be from the tax payers.


Aundrea B   February 25th, 2009 12:52 am ET

I truly believe this can work. I'm so tired of the negative nay-sayers. The past is gone, lets get behind him and move forward. It's not spending our way out, it's investing in our future. Just because he's not knocking on your door, giving you $$, doesnt mean its not good for the country.


Justin   February 25th, 2009 12:52 am ET

As a college student, who is graduating this May, I am struggling to find a job even with my four year degree. President Obama's speech tonight offered that same sense of hope which I felt during his campaign.


Carla O Anoka, MN   February 25th, 2009 12:52 am ET

I love the way Obama has kept his promises to help us overcome some the struggles the economy is facing. I believe Obama plans will help, but we in the society will have to help Obama too by being a little more wise about how we will use the money Obama has put back in the communities. People also have to realize that Obama cn not save the world, but he will by all means will try to make America back the way it was when Presiden Clinton was in the office.


Seville   February 25th, 2009 12:52 am ET

I think the President addressed many issues addressed the nation openly. Maybe not in detail but alternative power; education; healthcare; more jobs; these items are still top prority and is a focus. Its the people who will make this succeed or fail. If everyone is dire to make the U.S a great nation and rise from the recession everyone must do their part. The President is only one man with a stimulus plan(road map) to get the U.S back on track.


Daphne in Michigan   February 25th, 2009 12:53 am ET

The President said, 'No more pork". The stimulus bill is full of pork. Our government does not care about the working class. After 6 years of service, our government representatives receive full pensions and full medical coverage for life. The government should be making the same available for the working class Americans, health care for all!!


Kevin Williams   February 25th, 2009 12:53 am ET

I think President Obama laid out the areas where the American people can make a change in our lives: Healthcare, Education, and Energy. As smart, visionary citizens we should take our place in the areas where this administration has its attention focused. That's wisdom at its finest! Those that are waited for the train to come to their doorstep may be waiting a long time. Go where you know it will pick you up!


REGINA ULTMAN   February 25th, 2009 12:53 am ET

i want this presedint to be the best ever , i believ e in him .


Yuval Tresser   February 25th, 2009 12:53 am ET

Critics of government spending say that the New Deal did not work... and that the govrnment should not spend more money that it does not have...

Can anyone tell us how much of the infrastructure that was built during the New Deal is still being used today?

I have a feeling that the backbone of our infrastructure dates back to the New Deal is it true?
Are we not still beninfiting from this spending of old?
Is it not time to reinvest in our schools, our education, our roads and our bridges?


Joshua   February 25th, 2009 12:53 am ET

NATIONALISE THE CREDIT CARDS NOW!

ALL PAYMENTS GO DIRECTLY TO THE PRINCIPAL IN CREDIT CARD AND MORTGAGE DEBT!

ALLOWING THE AVERAGE CITEZEN TO GET THEMSELVES OUT OF DEBT BY HONESTLY REPAYING THEIR DEBT!

NO MORE WELFARE TO THE KNOWN CHEATS AKA THE BANKS!


Anthony V   February 25th, 2009 12:54 am ET

Tell Obama to give us a break.... he wants people to spend and buy stuff.... How are we supposed to do that with a lousy 800.00 per cpl?? Give it a break. What is that going to pay your Electric or Gas bill? Everything around us goes up 10 to 20 percent around us, and we (middle class) are lucky if we get a 3 percent raise. What did this country do for us when gas got to over 4 dollars a gallon? nothing. Give us a break... put money in our pockets. Stop bailing out AIG or these crooked banks who were giving money to people who didn't deserve the loans.... let them go out of business. You want to stimulate the economy... give every tax payer 20 to 30 K dollars per family.... that would get the economy moving. never mind 800.00.


Faye Doyle   February 25th, 2009 12:54 am ET

As a realtor who is assisting sellers with "short sales" I see more and more lenders requiring sellers with no income, and facing foreclosures to sign unsecured notes for the loan deficiency. Being unable to justly sign and then pay for the unsecured note the sellers are being forced to release the prospective buyers who have made offers on their homes and have their homes be forced into foreclosure by their lender. In your opinion is it better for the lender to allow the seller to let the homeowner sell the home and forgive the deficiency or have the home go into foreclosre and the lender then sell the home for less as a bank-owned property?


dan borowski   February 25th, 2009 12:54 am ET

how blessed we are, as a nation to have such an articulate thinker and communicator to be the only representative of ALL citizens of this country! i do hope the political opposition takes note, that a new boss IS town and he is being heard loud and clear by anyone who has a heart, brain and soul left in their being. the message is quite evident and clear. it's time to work together!


Purnell Kankakee IL.   February 25th, 2009 12:54 am ET

For years the Republicans have done everthing they could do to drive down our wages and now they have completed their plan, people have gotten fired and are waiting in line for up to 12 hours to get a job that pays less then half of what they use to make just last years! Even now illegals are coming over the border whule Americans lives are falling apart, the Republicans just refuse to admit that they are total sell outs ot our great country!

I guess the Republicans can now say Mission Complete!


Dave Malton   February 25th, 2009 12:54 am ET

Larry Americans Need to stop paying taxes at the end of the year. Save My Money for My family and the roof over my head. The government seems to be able to print their own money and give it to companies like AIG and Fanny May and the banks. So I will pay my taxes in a few years for now I will bail myself out!


Dodie from Irvine CA   February 25th, 2009 12:54 am ET

@ Dottie

George Bush, Dick Cheaney, Karl Rowe don’t care… they are billionaires with OUR money


Marietta   February 25th, 2009 12:55 am ET

To hear a politicain speak for 56 minutes without stumbling should be refreshing to the Replicans.

His stimulus plan is not a spending spree...he's investing in all the important programs that we should have invested in a long time ago. if we weren't so busy worrying about the rich. This will catapult us into the future that we were meant to have. A future if run by the opposition would have made us a third world country. There would be homelessness, poverty, and crime run amuke. And that's we we're headed without his plan.


Michael P   February 25th, 2009 12:55 am ET

Larry,

How about student loan debt forgiveness to stimulate the economy? The government owns or could buy up this debt on the cheap and reward those who completed an education, all while pumping money into the economy.

MP


Joy Daymon   February 25th, 2009 12:55 am ET

I think I might have an analogy-if that is the right word. Many years ago I was about 8 3/4 mos. pregnant and my blood pressure dropped to nothing. Nothing that could be measured, at least. I hadn't lost any blood. It had just stopped circulating. I don't know why. What I do know is that I would have died- and my baby, if I had stayed like that very long. What the doctor did was order IV fluids- not blood- just saline fluid, in order to get it moving again. I never quite understood what happened, but I did understand the necessity of medical intervention. What we have now is a similar financial situation. The money didn't disappear- maybe the first batch- but, it stopped circulating. If people didn't have jobs they can't get credit. If they can't get credit they can't buy anything- and they can't pay taxes. Government intervention was essential if we were not to "die." I don't like big government, but in the global village we live in, I'm not sure we can avoid it. I can't fight WallStreet. I can't do anything to make things right. I still work. I happen to have skills that are still needed. I would like to retire. (I am 82.) Anyway- just a thought I had. I thought his speech was a masterpiece- but he does have to follow-up- and I do have to chat with him about a couple of things. Thanks. Always enjoy your show- some I want to roll their faces in the dirt- but- they are out of my reach. Really enjoyed Dolly Parton.


Lynne   February 25th, 2009 12:55 am ET

I thought Obama did a great job, but NANCY PELOSI WAS EMBARRASSING!!!! I could not help but watch her and her antics.


Barry Pupella   February 25th, 2009 12:55 am ET

I am a 54 year old father of twin 6 year old daughters. How in the world can our government continue with a spending spree that does not create jobs, solve the housing crisis, or allow for American's any incentive to save. We have already lost 40 to 50 percent of our retirement. We have worked extremely hard for the funds and tried to be purposeful in saving. Our daughters 529 plan is almost depleted since we began it on the day they were born. What am I to tell my daughters, how will we be able to afford education to them? What is life and the tax burden going to be for them as they enter our workforce. You can't tell me....that democrats have thought this out...or they would be as outraged as I.


Earl Lumpkin   February 25th, 2009 12:55 am ET

Why do we continue to interview losers like John Mccain and listen to financial experts when none of them except Susan Orman saw this crisis coming?


Purnell Kankakee IL.   February 25th, 2009 12:55 am ET

The right wing nut cases are nothing but Doctor NO’S! I can’t wait till 2012 when they lose even more seats, and those fake governers putting on a show for everyone lose thier jobs, homes and cars!


Todd Taylor   February 25th, 2009 12:55 am ET

I am a huge JFK fan. I haven't been around that long but I love this country. After watching president Obama's speech tonight I felt that we have a leader that cares once more. It's a shame it took almost 40 years to get a leader to inspire Americans once again.


Howard   February 25th, 2009 12:55 am ET

I listened to te address and was inspired. There s no way you can be 100% sure that all parts of this plan will work, but nothing positive will happen unless we work hard and get behind it. I am ashamed at most of the Republican talking heads remarks after the speach, but was impressed with John McCains. He does get it. It is almost impossble to do, but we need to put politican parties aside and work better together during this very important time in our history.


Bobby, Virginia   February 25th, 2009 12:56 am ET

Larry, your Talking Head that said that $65.00 was nothing need to walk in my shoes... I'm excited because I found a way to save $20.00 a month..


Constance Trufant   February 25th, 2009 12:56 am ET

My husband and I have been sparked to action and motivated to go back to school, work in health care, volunteer and to be optimistic. Credit must loosen up people need to go back to work and to put stimulus money in the hands of each state and for the governor of each state to determine how best to spend and to make jobs for there residents. If our governors spend on the right projects we will see chang happen sooner rather than later. We are a nation of innovation and I think the Presidents speech motivated a lot of people to embrace change and not fear it and go out there and go to school, look for work, volunteer and invest our dollars in this nation.


Rajan Mathew   February 25th, 2009 12:56 am ET

Every President likes less government, enjoy presidentship, and play golf. Unlike President George W. Bush, who inherited a strong economy from Pres. Clinton, Pres. Obama inherited $1 trillion deficit and an unprecedented recession. Only more government can save America. More government means more spending.


Tammy   February 25th, 2009 12:56 am ET

We are a part of the "small business in America" that all the politicians are talking about . One of the things hurting us most financially is banks "restructurting" or terminating loans for projects that are 75% complete or more. The small guy at the end of the totem pole is the one who can afford it the least and he's the one getting squeezed the most! The owner's of these projects continue to operate and leverage these buildings for profit while the bank "restructures the loan". Meanwhile the general contractors and subcontractors who have paid for the labor and materials for these projects, wait to get paid for work they did and are legally owed monies for. We aren't asking for a bailout, just some recourse, other than going to court some 18 months from now, to get the monies owed us. That would enable us to continue to make payroll and afford to stay in business.


Sergio Blandon   February 25th, 2009 12:56 am ET

Gop talks about tax cuts. How do you get a tax cut if you don't have a job.

Instead of spending all the money on BUSH's silly war why not cover everyone health care. GM-Ford and Chrysler are going broke because they can't handle
the health care cost.
The small business where I work can't afford to hire a new person because of the cost of health care. We could use the help.
All my extra money goes to pay for my kids medical insurance.
Wait a minute the insurance companies a big GOP backers.

Another way to save a lot of money is to let prisoners out of jail!
No not the bad guys but all the real old guys with life sentences that are old and sick. They could be moved from state budget to the medicare system.


Matt Watts   February 25th, 2009 12:56 am ET

Dear Larry;
I am a 56 year old male with a Masters Degree and I'm a native California and a big fan of your show.
It seems to me that what is happening in politics today is unlike anything that has come before in my lifetime and it seems more like a bloodless civil war than the usual give and take of the major parties. The GOP viciously wishes to put hurt on the DNC and even seems to wish our political death, and in some cases our real personal deaths as well. Even many Republicans are calling for a remake of their party and I feel that we should join then in welcoming the virtual death of the Grand Ol' Party and support them in remaking and transforming the so called conservative side of American politics. How can The GOP strike out against taxes while applauding the spending of $10,000,000,000.00 a month on "war" that cannot be logically explained, for example, and how can they continue to push their way of being as the world is suffering so much from it?
There is another election season coming in two years, then the GOP will finally be finished for good, in my opinion. In the mean time, why are we even listening to them? They are the bad guys.
Thank you.


Tom MacDonald   February 25th, 2009 12:57 am ET

Larry:
Dogmatic fiscal conservatives like Mr. Ellis draw nothing but ire from me when they quote convenient parts of history to make there point. While it is true that FDR tinkered with the economy between 1933 and 1941 and spent money that seemed wasted; it is also true that it was the massive wartime spending from 1941 through 1945 that pulled the U.S. out of the depression. The budgets for those years was more than forty percent of GNP and the debt rose to one hundred and thirty-five percent of GNP. The result was a boom that meant full employment for more than a decade and created tax revenues that paid that debt down in that generation's lifetime. I am only afraid the stimulus is not big enough.
Tom MacDonald
Mississauga, Ontario


Mosen   February 25th, 2009 12:57 am ET

Hello Larry
I like what Mr. Joy said, instead of the top, I think they should start from the bottom, is thire money after all, so Mr. Obama will not reverse the economy!!


Steve - cannon falls, Mn   February 25th, 2009 12:57 am ET

Please explain the difference to me between spending our way out of debt or not paying down our debt by cutting taxes. Either way the end result is the same to me. More debt.


Anish Poudel   February 25th, 2009 12:57 am ET

Its the time for all of us to be optimistic..... We all need to work hard together to fix this problem rather thinking about how we can be benefited from this package......its a time for us to think globally not personally...


Tyrone K. Jones   February 25th, 2009 12:57 am ET

The stimulus package was signed by the President but he was not the author. Pelosi and Reid were the designers of that product which was what I call "Pork and Beans". Pork for them and their constituents and beans for the American people. Obama must part ways with Pelosi, Reid and other "high rollers" if he hopes to have any chance of moving this economy and reducing the deficit.


parka   February 25th, 2009 12:57 am ET

Are the people on social securety going to get the 250.00 In your check or will it be seprate,,,,and when should we expect it.Thank You


Steve Russell   February 25th, 2009 12:57 am ET

Larry is right, $65 a month won't make a difference in any normal persons life. I own a small business, I have three employee's, Obama's plan to raise taxes on people that make over $250,000 gives me no incentive to hire anyone new.


Carlene   February 25th, 2009 12:58 am ET

When will help come for seniors who don't pay taxes but, who spend large amounts of our income on prescriptions?


Ann,Virginia   February 25th, 2009 12:58 am ET

Phyllis in Colorado,I like the way u think!!


Van   February 25th, 2009 12:58 am ET

It is truly appalling and disheartening to see so called experts come on your show and be so deeply negative and critical, but can never offer any alternative ideas or suggestions for helping this country to overcome the bad times we are currently experiencing. It serves no purpose to attack the president and the majority members of congress if you have nothing constructive to offer.


Chris Harding   February 25th, 2009 12:58 am ET

Why are people hopeful after the President's speech? I don't think it is just because he "gives a good speech", I think it is because people see hope in his eyes. People believe he believes in what he is saying!


Hasan   February 25th, 2009 12:58 am ET

Here is idea to my republican friends. How about we get rid of all taxes for all people with an annual income below $125,000 for next 5 years. So, they will have about $20,000 in their pockets. To compensate for the revenue loss, we increase taxes by 200% for people earning more than $125,000 for the next 5 years. I am sure they will eqaulize (or we find a equalizer formula). I am sure 95% of Americans will be happy, and so will our republican friends. The 5% who will get the tax cut will be unhappy. We can live with that. Any takers?


Werner   February 25th, 2009 12:58 am ET

why spend all the 700+ billion dollars on banks and other entities that will just will stash it away for their own use.... spread that money evenly over each and every US citizen and pay out that money in cash.
A few will stash it under the pillow and it will be lost to the economy.
Most will save it in banks, others will pay bills and mortgages, others will use it for their own small businesses, others will spend it shopping...
Stop throwing tax payers money at crooks. Give it to the people who will stimulate the economy.


nick flaker   February 25th, 2009 12:58 am ET

the webb is GOOD,but the live folks are jus windy.t


Tim Duvall - SF Bay Area   February 25th, 2009 12:58 am ET

Getting control of your own economy is right on target. My wife and I have adopted this approach in January and since have reduced our monthly out flow of cash by $60,000/year by February 15. Yesterday we investigated our one of our mortgages and made a change by using a feature in our second mortgage to reduce our payments by $765/month starting in April. Today we have just found out how to convert our first to a conforming mortgage and save what looks like another $450/month with minimum cost.


PETE McKENDRICK   February 25th, 2009 12:59 am ET

The pessimists of Obama's actions and plans should be asked : "How long will it take for huge tax cuts you demand, to produce the revenue required - to address the deteriorating infrastructure; the inadequate education system; and the impending bankruptsies that our out of control health care costs are assuring"???
Pete McKendrick
Tampa, FL


Edwin   February 25th, 2009 12:59 am ET

I don't seem to get it. If this whole mess started with the housing market, wouldn't make sense to work with financial institutions refinance mortgages at the current value? If I owe more on my house than it is worth, I will find it very hard to go out and spend even if I was to get $50.00 more a month from the government.

Edwin Gwilly
Shelby Township, Michigan


Lennox   February 25th, 2009 12:59 am ET

Where are the initiatives of the various troubled industry sectors? they have yet to share this with the public. The popular ones went to the government for help.


Bob from New Brighton, PA   February 25th, 2009 12:59 am ET

The only agency that can come up with the money that economists agree needs to be spent is the US Government. Yes we will be further in debt but it needs to be done. If you think about it the only way to get money into the treasury is by taxing. If people and business are not working then they arn't paying taxes. President Obama is right when he states that this economy will only grow again if we use a trickle up system. Cutting taxes for the rich was tried by Bush for 8 years and one thing that Bush couldn't do was admit he was wrong. A lot of the republicans still seem to feel that way. I call all of them except for a very brave 3 puppets. The election was about change not about doing the same failed policies.


Anish Poudel   February 25th, 2009 12:59 am ET

Larry....Is the President do something to help the international students studying in US?? Do you think he is going to let international student give an opportunity to work in U.S?


A. Miller, New York, NY   February 25th, 2009 12:59 am ET

I am very impressed with President Obama and the fact that he "gets it" and seems to have a plan, which is more than the last administration had.

I hope that the govt goes after all the crooks that benefited from the Iraq war and all those "no bid" contracts.

I have been unemployed for the last 4 months and am barely keeping my head above water at this point. Help with COBRA or Unemployment would be a huge help.

Teddy Roosevelt addressed the need fro health care reform over 100 years ago. I pray Obama can actually do something.

The people of this country need help. Not just corporate america.


Tommy   February 25th, 2009 12:59 am ET

Inspirational, motivational, calm & controlled, but yet firm and serious. President Obama pulled out a deeper sense of responsibility in me. I've worked hard to get where I am at...married...father of four...but still feel that I have an even greater sense of responsibility to the youth around me and for the next generation. I am proud of the emphasis on Education, Energy, and Healthcare.


Peter brook   February 25th, 2009 1:00 am ET

I think obamas speach was great but instead of spending all this money over ten years and pray for the best I think they should give each American family 100.000 each the economy will explode in a single day
I am 30 years old and own a biz for 8 years and finished paying it off 2 years ago and now I can't make ends meet if I have to wait another 10 years to make money I will be 40 with no investments and pension how will I retire ? Inspiring people won't be enough we need action much faster


Dodie from Irvine CA   February 25th, 2009 1:00 am ET

((((Thanks Larry))) Have a wonderful evening!


Eileen Brown   February 25th, 2009 1:00 am ET

Larry,

What does President Obama plan to do for people who are disabled and cannot work ? These individuals cannot pay their rent and the waiting list for H.U.D. (Housing and Urban Devopment) is too long.

Thank You for your time

Eileen


Catherine Bassetti   February 25th, 2009 1:01 am ET

Larry,

For all those who have been left out of something very simple:

I have never been inspired more than in this new moment full of distress yet deeply inspired by the leadership of a courageous, calm, eloquent and truthful President.

In his speech this evening before Congress the mention of health care was of premier importance.
In every instance health reform was verbalized, the entire room was on their feet in support.

However, I was shocked this week to learn the fine print of Obama's announcement that those paying the high cost of Cobra insurance after losing their job to no fault of their own; an expense that is almost as much as a mortgage and yet impossible to live without – will be afforded to only those who lost their jobs from 1- 6 months ago.

Although everyone should have this helpful relief, it is backwards to afford it to those who have only begun to live the effects of unemployment, when this crisis is understood to have begun in late 2007.

After a year of struggling to maintain the most basic needs, losing all my home equity in the process, and "playing by the rules", it is devastating and hurtful news to learn that a larger portion of citizens seeking work for a longer time, has been left behind without further discussion. Every television program, this website, and other entities ask for opinions from the general public, and yet, what is done?

Who sat at a table and decided which of the millions of unemployed would be forced to either have no insurance or scramble impossibly further to pay for it? I want to know the actual process of omission behind this decision, and if you are offering true accountability, the names of those present who thought this was reasonable.
If there is enough money to help a portion of those on Cobra, considering the gigantic monies headed for programs not even near the President's main 3: health care, education and energy – there should be enough to provide this excellent and heartwarming plan to those who have spent double the time suffering without whining.

What happened? If we can move mountains, consider this a small wonder that would make 3/4 of the currently unemployed breathe in peace for a period of time, and change it now.

Most sincerely, Catherine Bassetti Seattle, Wa.


Angelita   February 25th, 2009 1:01 am ET

I am tired of hearing the rhetoric that lower taxes creates jobs. I don't think business are sitting around just waiting to create a job. Major corps have gotten accustomed to having the current staff just do more instead of bringing in additional help or bringing in temp help instead of hiring permanent employees. And as far as small business creating jobs any small business with a decent CPA is going to zero out any income by the owners taking additional salary or bonus to pay no tax at the corp level. So tax cuts don't create jobs successful business where there is a demand for the product ore service they are providing creates jobs. Bottom line people have to spend money.


Nancy   February 25th, 2009 1:01 am ET

Pres. Obama is very charismatic and a great speaker. He's taken on a lot in his stimulus plan. If I heard correctly, $2500 for every college tuition, isn't this excessive. $65 more on paychecks? Homeowners in trouble were looking to be reimbursed in some way for what they had no control over. Stimulus is going to roads and bridges that I thought our taxes were already supporting?

How do Americans not look back on what financial institutions caused without paying any price??? These are peoples lives, retirement, homes, lifesavings after working many years for and are now gone.....


Ann L. Pettit   February 25th, 2009 1:02 am ET

It is great to listen to an eloquent and articulate President that can communicate in a positive matter to the US public. He restores hope and confidence in our government. It is disheartening to see the Republicans stand on their dinosaur ideology about fiscal responsibility, yet where were they the last 8 years? They need to start working for the American people. Republicans need to suck it up and work with our President – times have changed and they have not practiced what they have preached – yet because of their political agendas, will not reach across the aisle to work for solutions. They are really walking the line –


jarrod   February 25th, 2009 1:02 am ET

I would like to know how the people can help themselfs when they are foreclosing on there houses and can't find a job to feed there kids. My wife is a school teacher and she can't find work in florida because there getting ready to shut down schools. I have a small business doing wood floors. If the people I do work for lose there jobs then so do I.


Gautam Trehan   February 25th, 2009 1:02 am ET

Why Not Divide 787 Billion amoung all Americans and Tax Payers in United States...it will set the ball Rolling...


ed,vancouver canada   February 25th, 2009 1:02 am ET

Obama,do not violate your promise and bring home the troops.It is a lost cause.
Become a teacher. yah right man,how do you feed your family for the next 4 years. You can teach the kiddies economics.They can get an MBA and be hated.

After 30 years at the factory,and 49 years old,you are going to learn to play in a backhoe,the problem is the the job is 300 miles away,so you have to sell the home and move.Your kids need new friends.

Save the jobs people had already,not green,wind,solar and all these pie in the sky schemes for things that may work ,long after these people lose their jobs,homes, and credit.

Those things may work after the immediate damage is repaired.
That is when experiments are o.k.

say no to foreign students,say no to selling foreclosures to chinese
off shore investors.
you are selling your future.


Donald T. Sayles   February 25th, 2009 1:03 am ET

I thought Presedent Obama is a very good speacker. He has a loy of good Ideas to help the economy, however, he really needs to give the American people the money instead of the BANKS.

If you really want to help this economy put the money in the pockets of Americans not the BANKS. The Banks can not be trusted.

I awas an airline pilot for ATA Airlines and they went out of business after I worked there for 21 years. I had to use half of my retiement income to keep my home. What I would really like to see is a relief paggage for someone lke me who had to use his retirement to servive.

I have no Idea how I am going to pay for the taxes in 2008. I still don't have a job.

Please put this on the Air.

Don Sayles

Sacramento Ca.


J L   February 25th, 2009 1:03 am ET

I really have hope now. I just hope that both parties can work together for the better of our country. A house divided can't stand. We as American people have to stand behind our President, even if we don't agree with all or any of what he says.


Carol Braden   February 25th, 2009 1:05 am ET

The message is "Let's work together people"... we ALL want the same thing....

It is going to take hard work and sacrifice from everybody.

Government is not meant to solve all of our problems, BUT, they should promise these things with those tax dollars that they do get...

1) EDUCATION, EDUCATION, EDUCATION. As a former IT Management person, I can tell you that we have been unable to hire good candidates in the United States. The application development talent is in India!!! Also, Customer Service Representatives. Do you know why???? Because, a lack of attention and INVESTMENT on our education.

2) INVESTMENT in technology, And more investment in technology. Guess what? GM, Ford and Chrysler wouldn't be so hurting. We might actually have fuel alternatives other than coal and fossil fuels. What a concept, we could be a LEADER again in the world. Our technology brains would be IN THE UNITED STATES...

3)? Hope. A belief that people will actually stop watching those stupid TV shows like "Biggest Loser", "Big Brother", whatever. Be intelligent, turn off the TV. Become a part of the solution, go to your local soup kitchen....in lieu of all of those other "easier" alternatives.


Bob Giglia   February 25th, 2009 1:05 am ET

Our state university's budget has been cut 51% resulting in layoffs and courses being cut. The lower school overall budgets have been cut where more than 1000 working teachers have to be laid off from a school system that is already over 500 teachers short. The state is told they have budget this coming year to the scale of the 2006 budget in order to get any federal aide. How is this so called stimulus package helping the local economy in Nevada and in particular the city of Las Vegas.?


Donald T. Sayles   February 25th, 2009 1:05 am ET

Thank you and I am sorry for all the mis spelled words


Aundrea B   February 25th, 2009 1:06 am ET

Not to call names, but Larry Elder is so negative, no matter what the President says or does he's got bad things to say. If Pres. "O" did nothing, he'd be complaining about that.

He can't get enough votes to become president. He needs to stop being a bitter heckler from the audience, and let the man lead this country, as we elected HIM to do.

Stop saying "we tried that & it didn't work", we didn't DO what he's proposing, and this is a new President, a new Plan and a new Day.


kathy   February 25th, 2009 1:06 am ET

Larry,I think it is time for GOP to give President Obama his space to govern the country. Why can they learn by now, the president is all about peace not war. Republican is like a passive aggressor.
Let the man gorvern. You republican had your chance to apply all that you are trying to app[ly now eight years ago. For God sake leave him alone. As far as I am concern, he's doing great, considereing only 38 days in power.

it's about time a president is thinking about the people and work for the people.


Brian   February 25th, 2009 1:09 am ET

PATIENCE! PATIENCE!

Americans are notorious for their lack of patience:
"I WANT IT AND I WANT IT NOW!" This is the attitude and school of thought that caused a lot of this economic crisis in the first place.

Barak Obama has been president for barely a month, people. Take a breath. Let the man work. Whether you agree or disagree with his economic stimulus package at least give it a chance to stop the bleeding and start the healing.

And perhaps its would be helpful if the media stopped with it's dooms day broadcasts. The sky is not falling. It is not the end of the world. The pendulum will swing back. But constantly bombarding the public with such dire news and projections is doing nothing for the psyche of this great nation.

Just take a breath.


Dottie   February 25th, 2009 1:10 am ET

I am fed up with all the advice of these so called financial experts. It's so easy to have all the answers and tell people who have been laid off or lost their jobs what to do when you are sitting there earning a six figure income. You won't look or be so smart if you lose you job.


william   February 25th, 2009 1:10 am ET

I believe President Obama is trying his best to get us out of this mess. We should all give it some time and see the results. I did not vote for him, however today I trust him and pray so that he can help get us back in track and hopefully four years from now I'll have a chance to vote for him without a dought. "Many who critsize his effort don't even have a solution to the problem we are facing". So let the man do his job. Thanks and God Bless.

Willie


marilyn   February 25th, 2009 1:11 am ET

Previously, I mentioned that I was on disability, well this was not the route that I had intended on living! But, at age 45 I suddenly hit a wall and was diagnosed with Lupus and other autoimmune disorders that progressed to spinal complications. Until then, I was a outgoing single mom of 4 and a teacher of Health and Family and Consumer Sciences. I did a lot of volunteering including coaching Little League softball. I have had to grieve the loss of my prior body!!! Being young and disabled , I fall through the cracks and there are no services available to assist me to help me maintain independence in my home. I even broke my back last summer trying to put UV protective film on my skylights when the ladder I was on collapsed! Cuts due to government lack of funding have left people like myself out in the cold. When will there be help for us????


Lloyd Zemmol   February 25th, 2009 1:11 am ET

Many Republicans have been critical of President Obama's stimulus package based on what they describe as "excessive spending." Considering the cost of the Iraq war which is now nearing $600 billion, that criticism rings extremely hollow.


Erma Hunter   February 25th, 2009 1:12 am ET

Obama is motivated and direct in achieving goals to change the deficit for us. Why wasn't the USA informed of where we were financially prior to Bush leaving his term? What was he doing for the pass eight years?


Tina Davis   February 25th, 2009 1:14 am ET

Obama is a change that America needed. He is a "real" President; someone who has actually struggled, and has the intelligence to help this nation do an about-face. Obama calls for America to pull together. He never excludes himself, and he's the President of the USA. What a great guy.


ken from missouri   February 25th, 2009 1:15 am ET

Larry I think the president done a real good job tonight I thought was inspiring and motivational and he laid out a clear path to prosperity.
I know some people won't like what he said but I think that we are all
winners and we will prevail because we are the best people in the world and if we took the same energy in complaining into making this
a better place to raise our children we would be a lot happier.


matthew   February 25th, 2009 1:15 am ET

i think we should spend more money not just on the U.S. but the world
and make it like space age tech.building sky scrapers that people live in.have flying "cars"and just be READY for the NEXT genoration and then once the people EFF the world up.we will jump from planet to planet EFFING them up.......SAYYYY hows the corl reefs doing???? only time before we are the same.
secerley,
matthew avila


Carolyn from Illinois   February 25th, 2009 1:15 am ET

President Obama's delivery tonight was excellant, and his greatest skill is to make speeches. Yet, there are such conflicting signals sent from this administration, I find it hard to place any confidence in this new administration, case in point; tonight we learn that our new Secretary of Labor is a firm supporter of labor unions, while the automobile manufacturers are being given strict instructions, by this administration, to demand them to rewrite labor agreements with their unions, who have demanded contracts that are too expensive to continue. These two completely contradict one another and this is the type of behavior that makes no sense to me. The new Secretary of Labor should support small business owners, who pay fair wages, have health care and retirement plans, offer good and safe working conditions and equal opportunity employment, without the high cost of labor unions. Our automotive companies are a perfect example of what does NOT work, and that is high demand, high cost labor unions. Again, Obama, speaks from both sides of his mouth. No Change, let alone any confidence from this taxpayer.

Additionally, raising taxes on people with incomes of $250,000.00 or more translates into raising taxes on small business owners, who are some of the most responsible citizens of this country. (For those of you that do not understand the organization of small businesses, please keep your comments to yourself...your ignorance shows.) They are the back bone that props this country up through the worst of times, and now they are going to be penalized for doing so. Many small business owners ,close to retirement age, should close up shop and walk away from this unfair treatment. Then lets see how this country does without the jobs, revenues, fees, and income from this group.

Big and bigger government is a mistake, a very very costly mistake!
This is very short sited thinking that will sink this country faster than he ever imagined. Shame on you, Obama, Pelosi, and Reid!!!


Chris   February 25th, 2009 1:15 am ET

I AM SO DISGUSTED WITH PEOPLE TRYING TO BE LITTLE THE EFFORTS OF PRESIDENT OBAMA. HE IS WILLING TO MAKE THE EFFORT TO CLEAN UP THE MESS LEFT BY HIS PREDACESSORS.
WE NEED TO RALLY OUR SUPPORT AND UNITE AS A NATION AND PEOPLE. NO LONGER WILL WE STAND FOR THE OLD POLITICAL GAMES OF PLAYING THE RICH AGAINST THE POOR, THE YOUNG AGAINST THE OLD, LEFT AGAINST THE RIGHT.
ENOUGH ALREADY! WE ARE ALL IN THIS TOGETHER IF WE DON'T WORK TOGETHER THAN WE SHALL FALL APART.
I BELIEVE IN THIS COUNTRY AND IN THIS PRESIDENT.


Karim   February 25th, 2009 1:15 am ET

REpublicans want to see our president to fail.
Mc Cann is not honest.
McCann and his Republican Team is using that Indian Governor and he is stupid and brain washed.
Our president is going to be more famouse than King, Kennedy and others.
Please get those opositions out of way.


Carmen   February 25th, 2009 1:17 am ET

Big agenda, big promises, major changes. I feel as though I'm not in Kansas anymore. I love the direction our new President wants to take us. If we all cooperate and support our President, our children may have a good future.


ed,vancouver canada   February 25th, 2009 1:17 am ET

No income tax for 100 grand and under for the balance of the year.
Mortgages to the home value re written at no charge.
5% credit card interest.
Free university for american residents.
Minimum wage at 12 an hour and the subsidy paid by the government.
No foreclosure sales to foreign investments
THAT'S A STIMULUS AND COST LESS THAN 800 BILLION AND IT IS AN IMMEDIATE RELIEF


Clifford Lazar   February 25th, 2009 1:18 am ET

Larry Elder lied when he said FDR didn't reduce unemployment with the New Deal. When FDR took over in March, 1933 unemployment was 25%. By 1940 it was 15%. By 1942 it was 10%. 4 million people got jobs.

Don't believe it google "unemployment 1920 to 1990".


Annette Martin   February 25th, 2009 1:18 am ET

I'm a single woman, middle income earner, and upside down on my mortgage with a lender who has offered little help to modify or re-negotiate the terms of my loan. I am really sick of hearing from all of the experts with their opinions on who will and who will not benefit from the President's stimulus package. I think the point most are missing is that the stimulus package is designed to help "the needy" and not "the greedy". I may be on a slow boat that most times seems like it's sinking but I'm still looking to the shore. Also, we all want to prepare our children for a little better life than we have so maybe we should all as Americans look within ourselves and see what we can contribute to revitalizing our economy and the Country instead of focusing on what a tremendous debt our children "might" inherit. We won't all be winners but we can't get out of the game either.


Phyllis   February 25th, 2009 1:19 am ET

Response to dumnig –Do you think your name does not say it all? Your name and your comments should have NEVER been posted.
If you were half as educated as you think, then you would know that small business is not getting taxed. That why they get incoporated, so as not to include their salary with expenses. You also need an education in being a member of polite society, there is no room for raceism such as yours. And as for your dumb liberal statement, I believe it was us the SMART liberals who converged, united and made the change in politices that our now, new President Obama, is starting to put into effect.
Lastly, I will reiterate, If you are not part of the solution then you are a part of the problem.


Carol Marol   February 25th, 2009 1:21 am ET

Wow, Marilyn, that is very heartbreaking. I am very sorry to hear of your problems. Totally out in the cold? Like totally? Completely?

What do you think we (as Americans) should do to help people like you?

How do we stop that? People falling through the cracks? I honestly want to know what people think.

Should Marilyn just be left to fall through the cracks? Or as some people think, should us tax-payers, have some responsibility at all to help our fellow Americans?


Barbara Marsh   February 25th, 2009 1:22 am ET

I am 53 years old, have been unemployed since September, 2008, and have had no success finding a new job. I have been downsized 3 times in the past; but always found a new job. This time it is different. My daily existence is a struggle, like so many other Americans, no job, struggling to make ends meet on unemployment, and feeling alone with no hope in the future. Let's commend this new President and give him a chance to improve things. It's not a perfect world, but at least he is trying to address some of the problems that got us here. Tax cuts? They won't help the unemployed. We still need a job, and I believe his ideas will create more of them "here" in the U.S. with his infiltration of money to benefit education, small business, etc. Tax cuts for corporations who send jobs overseas? That is unacceptable, Hasn't that contributed to the unemployement of thousands of Americans? I'll bet if Congress passed a law to heavily tax any corporation who sent jobs overseas, those corporations would bring the jobs back to this country where they belong. At least President Obama has a conscious and is trying to help the "people" of this country, not just those who are wealthy and don't have a care in the world no matter how bad the economy is. I believe he is sincere and want's to do the right thing, the "fair" thing for all of us. A government for "all" the people... not just a selective few.


jordan baker   February 25th, 2009 1:22 am ET

We thought his speech was inspiring. I’m worried about the spending. But more importantly as a young couple with limited assets, we would like to know where we should be investing our money? Stock market, 401K, real estate? what is the best for our economy? or just keep putting it in our savings account. it sounds to me like we should do what we do best as americans and work hard, buckle down and weather the storm. I forgot to mention…how can we be guaranteed that the jobs created will be solely for Americans? Or does his proposal outline regulations for making sure that jobs stay in America. sorry for posting twice i just wanted it all in one spot, thanx for listening.


ed,vancouver canada   February 25th, 2009 1:22 am ET

I feel for mr scroeder's child support issue.
Here in canada it is no different.
Times are tough?just work 3 jobs they say
They put you in jail,take your licenses,garnish your cheque,
Sooner or later it ends,when your kids are adults.
In the meantime,if you are a man you have no rights.
There is massive documentation on the internet.
Baldwin was lucky,millions talks.


Gloria   February 25th, 2009 1:22 am ET

Larry, please ask your guest, whom are not in full support of the stimulus package, why in the world are they worried about cutting taxes for people that already have enough to maintain an abundant livelihood and have absolutely no concern for people who have no jobs to even generate any taxes? The President and the rest of us are talking about helping people who are less fortunate; people whom have been squatted upon by big banks and loan companies who the government allowed the freedom to raise, and vary interest rates whenever they felt like it so homeowners could never make any kind of progress to economic self-sufficiency; create balloon payments at the end when they knew the homeowner would not be able to pay for it. Know why? Because this country's government has allowed those infamous "small business owners" to work its citizen's a 40-hour week for the same wages high school students make working at a McDonalds. No wonder you have people signing a mortgage contract in one hand and holding a rosary in the other; praying that some miracle will come along and allow them to maintain a chance at the American dream. And, the "resistors" still have the audacity to stand up in front of the people in this country and the rest of the world and openly admit that "we don't care who knows it, we have not, and will not agree to help people in this country who are in need of help".


Peter brook   February 25th, 2009 1:22 am ET

how about we all stop paying taxes and you see how fast the governent will take action to solve this they could never pull this bs off in Europe they would close the country down in a min bunch of thiefs


Steve A   February 25th, 2009 1:23 am ET

Larry, I am tired of listening to the Republican's sour grapes and disgusted because Republicans seem to want President Obama to fail. I think this is "un-American". Don't they realize that Obama's success is everyone's success. If the President's economic plans succeed all American's will benefit even if they are Republicans and even if they did not vote for Obama last November. Why is it that during our "dark age" (Bush years) it was considered "un-American" to criticize the Bush/Cheney Gang and their policies, yet now those same people spend all their time trying to undermine President Obama? In my humble opinion wanting Obama to fail to is more "un-American" than disagreeing with Bush policies, after all if Obama fails it will prove to be a disaster for our country. I think that all Americans should hope and pray that our new President succeeds for all our sakes.


Karim   February 25th, 2009 1:23 am ET

Mc Cann and Republican should be ashamed.
They are angry people.
They are spreading virus among peole by bad mouthing president Obama.
Republicans are Rich and supportive of Rich people.
Obama's plan is to support average American people and get the thiefs and CEO's out of way.
Please help him out.


marc from st. louis   February 25th, 2009 1:23 am ET

Lisa, Lisa, Lisa from MI,
You need to be careful who you call stupid when you make general comments like "the maj of Americans oppose the stim pkg" , when the truth is that 59% of Americans support the pkg and don't be such a hypocrit, when scolding Amy from MI for giving her opinion of McCain when you call Obama a socialist which is blatantly false (and frankly, childish name calling). Now where in this bill are your "right to bear arms" threatened even though more and more Americans are realizing that the 2nd Amendment to the Bill of Rights was speaking of a well armed militia (neccesary for the "wild wild west). Are you one of those people "clinging to there guns and god" when their unsure and frightened of things that are foreign to them ie. immigrants? Where did your people come from? Originally! You better be careful more and more children are killing their Parents with those guns you cling to. Oh! and you can tell your kiddies to thank the Bush Crime Family for a Trillion and A Half of the deficit that they will be paying for for decades to come. Keep your side of the street clean and don't be soo mousie and frightened. No one is out to get you.


John Kaper   February 25th, 2009 1:24 am ET

The President gave a great speech, very inspirational. Question, when is congress going to show their fiscal responsibility. Nancy Polisis just got back from a tax payer paid one week vacation to Italy. Who wouldn't want a one week paid vacation to Italy? When is congress going to cut back on their spending like they are asking the American people. Should congress be allowed to continue to take trips aboard on tax payer monies for unnecessary reasons with insufficient oversight and shouldn't they reimburse the government when shown that the trips were not in the best interest of the American people???
Who is authorizing Nancy Polisis travel expenses??


LEE   February 25th, 2009 1:25 am ET

The President seems to have the 20/20 vision and heartfelt courage we need to steer us to safety; while most of his critics are both near-sighted and far-sighted and their bi-partisan bifocals keep slipping, keeping them too dizzy and too afraid of falling from political power or financial gain to act responsibly to this crisis' short-term or long-term concerns. I applaud the President for his courage and support his leadership without the fear we cannot afford.


dfayton diaz   February 25th, 2009 1:26 am ET

Hi Larry, I hope you post this.I'm really identifying with alot of people that seems to be very common.I lost my job in july of 08.I work in the timber industry in oregon been doing it for 35 years.I'm paying 360.00 a month for my cobra insurance.I don't see me going back in this industry.I'm currant on my mortgage,I've been using my credit card and can see the end comming.I cant get help with my cobra because of the Sept. deadline I know as most people without a job there will be no help with the stimulous because of being unemployed,my credit score is 840.Like I said I can see the end comming,Oh yah I didn't mention my 401k thats another story.I really don't see thers going tobe much help for my situation.I would like to see some actual situations good luck America.I'm still a supporter of Barrack,


Tyrone K. Jones   February 25th, 2009 1:27 am ET

Great speech! Now , can the actions match the rhetoric? Tonight should mark the end of the "let's blame it on Bush" strategy. Obama now owns the economy the wars and all the problems and issues which confront the American people.... and there are many.


Gautam Trehan   February 25th, 2009 1:28 am ET

In order for us to come out of this economic problem is going back to opening mom and pop type of businesses, if you can’t get a job in school, open a school, can't get a job in a store, open a small business, we will have to help ourselves. We should not rely on government, be innovative, think out of the box, run for some public office.

Also, I am of a view that the federal govt. should start some kind of federal loan scheme which can provide loans to young entrepreneurs and unemployed to start up a new business and help the economy grow.


Brad Hedrick   February 25th, 2009 1:29 am ET

Obama said extended education is key. Over half of college are (or were) working demenial jobs. Tuition has skyrocketed while CEOs and top executives have been cutting jobs and pay rates to stuff thier pockets. Companies have been laying off college graduates and hiring them back under contract to cut out benefits.

I have an A.A.S. in Information Systems and B.F.A in Visual Communications. I worked for the same company for over 10 years under contract. I finally got hired full time about a year and a half ago, but recent got laid off. During that time, I applied for countless jobs. The lowest paying offer I got (which used my college education) was $8.50/hr. The highest paying offer I got was $13/hr from a job that only required a high school diploma.

Many people in this country work for minimum wage. Someone working for so little can have two jobs, and still not be able to fill thier bellies or keep thier house at a comfortable temperature. I believe a lot of people experience or observe this and think "Why not just mooch off the government, sell drugs, and steal?" If companies paid people enough to make a living, I think it would cut way down on drugs and crime.

If CEOs can get fifty million dollar severence packages even if he runs a company into the ground, I see no reason why anyone putting in an honest days work shouldn't be able to make a halfway decent living off of one job.

More will have to be done than about that situation than simply saying "Everyone needs to get an education." People need real hope to go along with thier education. Limiting salaries of the upper echelon and eliminating wasteful spending could free up money to pay average people more, but I can't by any stretch imagine that is where the savings would go.


Chris   February 25th, 2009 1:32 am ET

I think what Gov. Bobby Jindal should spend more time on fixing the levees in New Orleans , Houses still not rebuilt and less time time looking for his 15 minutes of fame. GET OVER YOURSELF GOV. You're acting like a 5 year old playing " LOOK AT ME, LOOK AT ME!


maureen   February 25th, 2009 1:33 am ET

The President is doing a great job ,afer all he inherited this mess. He has been in the office for barely a month. He is not staying away from the platform he ran on. Americans had a choice in Jan. to vote betweeen tax increase on the wealhty or giving them more money, we voted for the President idea. Why are GOPS campaigning? Marsha Blackburn, Larry Elder, Bobby Shingdal and the rest of them, where were they the past 8yrs.? Why did they standby and allow the last administration to run our economy to the ground? They need to let The PRESIDENT lead OUR COUNTRY. They will have time to campaign this is not the time. Bobbby S the governor of LA regects small portion of the money but asking for money on another area, that's a joke. Who is he trying to confuse? Thank you for letting speak.


ed,vancouver canada   February 25th, 2009 1:33 am ET

i saw "sully" on CBC and he said that a first officer on the a320 gets 21000 u.s. dollars a year.,or 26000 canadian at U.S air.
Air canada starts at 37000. Captains are 100,000 and they make money,not lose money.
No wonder you have problems.2200 dollars a month to be in charge of 150 people ?
For that much training and a 20000 dollar license,that's garbage.
I am surprised you have any pilots left.
Bad Bad Bad


Joshua   February 25th, 2009 1:42 am ET

I'm a single 31 year old male. I moved from Honolulu HI to Anaheim CA 2 years ago, before I moved I had a $7,000 credit card balance on a $25,000 limit. With the move and post move expenses I acquired a $20,000 dollar credit card balance. Also in the past 2 years I went back to school and have so far acquired a $20,000 student loan, a $15,000 car loan and a $900 apartment rent payment.

I have a steady $50,000 job with no worries of losing it. I've managed to pay down my credit balance in the last year and a half to about $8,000, by paying $500-$1000 a month depending on Over Time. My student loan is still $20,000, My Minimium car payment on a 6 year loan is $300 but I am making a $600 payment each month, $200 towards a IRA each month, and the $900 rent payment plus utilities. My checking account balance has held at $3000 give or take for the past year.

My Credit score is 798 and other than the large credit card balance I acquired durning my move, I feel I have been financially responsible by not over stepping my bounds.

To help with my student loan I've twice in the past 2 years applied for the $9000 Cal Grant, and was disappoved both time because I supposedly make to much.

Being single, will this Recovery Plan help me in anyway? As everything seems to be geared toward families or parents. Whats in it for the single people of this country?

Joshua


Yvonne from Kansas   February 25th, 2009 1:46 am ET

President Obama has asked us to become responsible! He is encouraging us to "Reinvest in America" and work on resolutions together as a country. Why should we support the thought that America will come through together on the cleaner, healthier, and more prosperous side of our challenges? Because that is the first step to action. Supporting the progressive thought that this "plan" will work - is the catalyst that will help move Americans towards responsible decisions. Ask what you can do for America. A reflection of a country's state is the state of mind each American puts forwards. The time for transparency and responsibilty is NOW. Thanks to President Obama for his delivery tonight! He continues to inspire new admirers with each contact. Who else can inspire this nation at a critical turning point?


ed,vancouver canada   February 25th, 2009 1:46 am ET

good luck fellow americans


Christopher Burt   February 25th, 2009 1:51 am ET

Mr. King made an excellent point. The individual is not the government. Spending $800b requires a greater amount of creativity than spending $450k on a home. Let the government spend.


Brad Hedrick   February 25th, 2009 1:51 am ET

marc from st. louis- "Corporate Welfare" lol good way to put it.

That brings me to another point. I have heard so many people talking about "Doing this and that is nationinalism or socialism. It goes agaist the spirt of capitalism." People want to talk about going against the spirit of capitalism? How about bailing out companies who, according to the "spirit of capitalism," should have failed due to irresponsible spending and blatant abuse of money???


Terry Hertel   February 25th, 2009 1:51 am ET

Dear Larry,

I am watching it for the second time. I have been an Entrepreneur since 1972. I have turned over the business to my 26-year-old son who is doing a good job. He has grown it beyond my belief.

He purchased a home.
We have attempted to contact Chase to get a refi on his home as he is now upside down. He can afford the payments but to tell someone the interest rates is at 7.7% is a real embarrassment.
I talked to wells Fargo and they just stared at me with a striped look.
I think the banks should be allowed to fail like I could do if I do not run my business properly. The auto industry should be allowed to fail. No one is going to bail us out
. The banks gave money to people they knew would never be able to re pay . The auto industry produces so many junk cars not saleable.
That is there fault.
We hope we continence our success. Our big worry is will we be taxed to death.
1. Buy the feds.
2. By the state of California.

When things were tough for me over the years, I did not listen to the greedy banks and lending companies offering me to take big bucks out of my home for some new car or trip to yaya land. I was responsible and we still run the ship the same way.

If you would be so kind to let me know who the designer and manufacture of the presidents suit tie and shirt.
He is such a cool dresser.

Thank You
Terry


Christopher Burt   February 25th, 2009 1:58 am ET

The student currently in universityis a product of an upcoming economy. Where should those who have a degree, but no job, find hope in Obama's speech?


James Adjemond   February 25th, 2009 2:07 am ET

Larry I have been trying to reach out to you in attempt to suggesting a few tangible solutions aimed at expediting the financial recovery but it seem that my mail has been ignored. Nevertheless I will keep trying until I get a feed back.
In order to resolve the home foreclosures crisis or jobs loss, the priority should not be creating new jobs but rather getting people who lost their jobs, back to work in the same company at the same job they just lost. In other words, companies out of business must be rehabilitated so that everyone who got laid off can resume his/her previous employment and maintain their previous job position/title and earnings. This way millions of jobs will be reinstated immediately and the job loss issue would be stabilized at less cost.
Home owners that were foreclosed on must be given a chance to get back into their house and resume affordable mortgage premium payment. This would resolve the foreclosure problem because people with foreclosed home on their record are unlikely to qualify for a new home loan. Once the people who lost their job are back to work we can now address the need for creating new jobs for those who did not have job or just graduated or for people who have been looking for jobs way before this current crisis.


Danny Boyle   February 25th, 2009 2:13 am ET

Hopefully you don't mind a comment and a question from an outsider (Canadian).
In the rest of the world, governments have spend most of the last 20 years decreasing their debt thus freeing up funds that was spend on debt re-payment redirected on more important internal issues but not the US Federal government. Currently, most if not all governments around the world have agreed that government spending is necessary to shorten this economic downturn and decrease the possibility of a world recession.
As a Canadian who live less than 100 miles from the boarder and listen to US national news very night, feel that the Republicans and big US business are trying to bully the direction of economy repair , in Canada that is called the Liberal party. From what I understand by reading and listening, the US government today does not own the majority of your Federal debt, which in the 90’s was a huge Canadian problem (foreign ownership of our debt, and therefore foreign control) but because we corrected this problem by the beginning of this decade we subsequently have lessen the effects of this economic down turn on many Canadians.
My question and I expect many average Americans have the same question. How does the Republican Party see in a relative short term (8 years) plan to buy back ownership of the Federal debt to a manageable number, where tax cuts and shrinking all American tax burden can then begin sensiby?
But, without a smaller Federal Debt, smaller percentage required for debt re-payment, the Republican approach would make no sense for all classes of Americans.
I understand that a large tax cut today would just increases the depth of the current problems, lengthen the recovery period, increase the possibility of a US depression, would do nothing for the average American but allow them to tread economic water, where long term, high paying job is what is required in the near term.
But the Republican approach would help the wealthiest and ruling class today and tomorrow (look back at the wealthiest US families before; during and after the depression of the 30’s, I believe they were the same families. No general help for all classes of the US population.

Thanks for reading my comments
Danny Boyle
Guelph, Ontario


Carol Marol   February 25th, 2009 2:15 am ET

The last 8 years.....what else needs to be said?


janette tx   February 25th, 2009 2:29 am ET

President Obama is trying hard to stay the course
and to keep his promises and he does need the
help of all people and all parties local and state
government.If all we are going to be are spectators
and critics any failures will be our faults as well.!!


Sergio Blandon   February 25th, 2009 2:34 am ET

1.Fighting a war on credit
2.Letting BIG business patrol themselves
3.Greedy Bankers
4.Greedy Realtors
5.Stupid Loans
6.Oil companies robbing the consumer
7.George Bush yes he is that stupid! Tax breaks for the rich while fighting war on credit.
8.Israel giving them how much money everyday?
9.Wal-Mart low prices at the cost of American Jobs
10.George Bush and his thieving friends the includes his buddy Bin Laden,
All this is negative cash flow ecept for #10 but they are just plain thieves. Where is the cash coming in.


Brad Hedrick   February 25th, 2009 2:47 am ET

Danny- the answer is simple- it all comes down to greed.


Bailey A Hughes   February 25th, 2009 2:57 am ET

ECONOMIC SOLUTIONS TO THE CREDIT CRUNCH, ETC.
President Obama wants to stimulate the economy by getting the credit to open up and start lending to the public. If he & you are really interested, I do have a way to help accomplish that goal without, I repeat, WITHOUT, any cost to the american taxpayer. I also have many of the solutions that the government must comsider in order to get back to normal with some great things about to beign concerning the expansion of the economy without any help from the government, but yet another group of people offering huge cash incentives thru giant cash purchases without any government help. If you our your news media or the economic team would like to hear how all this will take place, just let me know & I will be glad to explain in detail in writing how all this will come about as well as what it will mean to the upcoming economy. Do not hestitate to contact me for additional information. This is not a any ploy, but is a truthful statement of facts as well as oppurtunities offered to the government in order to stimulate the economy further without any cost or obligation, which also will instore faith & sonfidence in the future ahead in a positive way.
Thanks for listening,
Bailey A hughes


Gary Chandler in Canada   February 25th, 2009 3:09 am ET

GET RID OF LEGALISED LOAN SHARKING!!!
no lending above twice of prime... NONE., ZERO nada
LET the Mafia handle the USURY business...
they don't go for bankruptcy!!!


Gary Chandler in Canada   February 25th, 2009 3:16 am ET

marc from st. louis February 25th, 2009 1:41 am ET

I say, no more corp welfare, AbsoFreakenLutly NO MORE RELIGIOUS WELFARE. TAKE AWAY THE FREAKIN CHURCHES TAX-EXEMPT STATUS. We wouldn’t need a stimulus package if we did that.
RIGHT ON!!!
especially the 5 star hotels, million dollar houses, luxury cars their 'esteemed' leaders enjoy...!!!
Church building and land tax free , maybe? but not all the TRAPPINGS
[[[taxable benefits']]]]


Gary Chandler in Canada   February 25th, 2009 3:21 am ET

credit available again,, get credit going again ,, get credit going again...
credit is the PROBLEM!!! irrecoverable DEBT
credit is the lifeblood of the World Ponzi, whoops economy


Gary Chandler in Canada   February 25th, 2009 3:37 am ET

James Adjemond February 25th, 2009 2:07 am ET
"Larry I have been trying to reach out to you been ignored.
...the priority should not be creating new jobs but rather getting people who lost their jobs, back to work in the same company at the same job they just lost. In other words, companies out of business must be [[[rehabilitated]]]]"
@James,,, REHABILITATED??? like at an AA meeting?
even if it is one of those idiotic companies that went over its head with reckless debt financing and/or a low standard of competitiveness and/or outdated equipment and/or poor environmental practises???

---


maureen CA   February 25th, 2009 4:00 am ET

KELLY- LA : Which speech were you listening to? You sound crazy. Gon. B.J. had nothing to say, he was talking as if he was talking to some five year olds' he does not believe in government,but he accepted millions of dollars from the federal gov. with the stimulus he is not regecting all the money, he accepts most part of it, he is regecting the small part of the welfare but he is requesting for more money in other area.
JEROME SMITH: you chose not to hear, you must be one of the few who do not understand, you may want have some one explainit to. THE PRESIDENT EXPLAINED IT VERY WELL AND VERY SIMPLE .
AMY: you are ignorant, what does koo aide taste like and what does it have to do with what is happening in the country? You are also very hateful. Do not bless anybody you need the blessing besides God does not listen to hateful people.. What are you doing listening to good stations why don't you listen to the cose minded, mean spirited FOX STATION.

LISA – McCAINE is angry ,you are angry, accept it so you can take care of it. So you know Sen.McCaine? You sounded as if you have daily morning coffee together. He has not gotten over the defeat especially the person he looks down at . He forgets that THE PRESIDENT GRAGUATED TOP OF HIS CLASS. and Sen McCAINE BOTTOM.

WAND-KOKOMO: THE first money to the bank was given to them by BUSH His cabinet changed the language that was initially on the proposal that was voted on . Giving the CEOS', as usal with the GOPS NO ACCOUNTABILITY. Why is it that no one questioned BUSH who was not open for discutions. On the other hand OUR CAPABLE PRESIDENT OBAMA is opn for discution , he is trasparent and listens to the people.

MARY L-CA: President Obama did not cause th economic melt down. President Bush did, and our present PRESIDENT IS TRYING TO CLEAN UP the mess left by the last administration. Give him a break and a support you Monday morning quarter back.


Michele   February 25th, 2009 4:13 am ET

I was so impressed with President Obama's speech. But I am getting very UN-impressed with the Republican party. After watching McCain and then hearing him on the show, all I could think was "thank God this man is not in the White House".

I find it interesting the Republicans squall they didn't get a chance to read the stimulus bill – but they can certainly count for the cameras the number of "pork" projects. If they didn't read it, how could they possibly know what's pork and what isn't. Same old Republlcan negativity and party line...and no interest whatsoever in co-operation. Why am I not surprised.......this President wants to benefit Main Street, which leaves the Republcans and their wealthy buddies out in the cold.


James Covey   February 25th, 2009 4:16 am ET

I thought Pres Obama did what was necessary for NOW. He is trying to fire up Americans.

What do the Californian politicians and Sen. John Mccain think about Assemblyman Ammiano's proposal to legalize marijuana in California?

Ammiano made some key points; 4 billion dollars a year go up in smoke each year from its sales, a tremendous amount of money would be saved in the legal systems, crime rates would be reduced, jobs would be created and more.

Is it time that we look at marijuana on the same level as alcohol and cigarettes?
Should this idea be looked at as a tool to fight the recession from the entire USA point of view and not just California?

This topic was talked about a lot today at my college. please talk about it.


Marcel Isadore   February 25th, 2009 4:25 am ET

president obama stated that those that get our tax money would be held accountable for their actions, sorry i dont belive him unless president obama gets all that tax money he gave out the first time, them that got that tax money just got their big fat bonsuses so i am sorry i cannot belive president obama unless he gets all that money back. remember your first impression is your last impression


Michele   February 25th, 2009 4:26 am ET

Marsha Blackburn is an idiot.

Is she related to Sarah Palin?


Andy   February 25th, 2009 4:36 am ET

I'm watching Larry King's guests discuss Obama's speech and plan. Both Marsha Blackburn and Larry Elder have said (one way or another) that they wish the President was a "limited government Republican". Is there such a thing?


Marcel Isadore   February 25th, 2009 4:42 am ET

president obama needs to put a heavy tax on anything thats not made in America. anything made in china,pakistan,india or anywhere else. these countries take away jobs from Americians for me its like this America made in china! i cant wait to see AMERICA MADE IN AMERICA using only American products all those foreign countries dont know what Quality is only Quantity


Patrick   February 25th, 2009 4:58 am ET

It is my understanding (small as it may be) that our economy relies so greatly on consumers. Not that the news should candy-coat everything, but all I ever see on the news is "doom and gloom", which really doesn't encourage me to go out and spend, much less invest. What role does this play in pushing us further into a recession?


Lou   February 25th, 2009 4:59 am ET

Great Orator that have the influence to place hope in the hearts of the people and it appeared that the Republicans were just as hopeful from his delivery. I understand that he cannot disclose the completion of his plan, the mechanics of its design and how it shall function and work for he people. But I do know that this country is at the border line of change. And, if we do not make transition for change America will fall behind the rest of the world. Change does not happen from the buttom up. Change occurs and happens from the top to the bottom. Those that believe this is Big Government Spending is wrong. Considering all the oppositions are facing, it is going to take Government, those taxes that the American People pay and the intelligence of those whom we voted to represent us to pull this country out of this slump and to redirect our pathway towards the future. Government has spent our hard earned taxes on other wasteless spoils for the last eight (8) years. Why not spend our hard earned taxes on restoring the hope of the American People and making us better. "The American People Need Government To Think of Us For Once."


G   February 25th, 2009 5:07 am ET

I believe that hope is the way in this country right now as everything else has lost value. We have always worked hard as Americans and although we are all responsible for this mess as a country, yes, we all have overspent for the most part, his speeches inspire hope. Spirit never dies. Just wait and watch, we've done it before and it started from hope, not money, not gold, hope.

Good job Mr. President. I am one American giving you that chance and being personally responsible. I don't envy your job.


Patrick from Kansas   February 25th, 2009 5:11 am ET

It is my understanding (small as it may be) that our economy relies so greatly on consumers. Not that the news should candy-coat everything, but all I ever see on the news is “doom and gloom”, which really doesn’t encourage me to go out and spend, much less invest. It is my belief that this would seem to have a quite negative effect on the situation, considering every which way we turn we are given more statistics on how much worse it is getting. What role does the negative media have in pushing us further into a recession? I'm curious for a few expert opinions.


Ashley   February 25th, 2009 5:16 am ET

There is no doubt that President Obama is passionate and has big dreams..but I am scared for my generation's future. I'm a recent college graduate who is currently unemployed from a lower middle class family.I worked full time to support myself through college and used grants, loans, and scholarship money to pay for my education. I began my career hpeful and did not live outside of my means. I was laid off the first of October. The unemployment I receive is less than the income I was earning. Not only am I unable find a job, I do not have enough money to pay my bills. I counted my pennies to put myself through school, and one year of a professional career did not provide me with enough savings to pay my bills, let alone pay for the cobra coverage after losing my health insurance. $800 a month is not enough money to pay my bills, and I am unable to pay all of my bills when they are due. Thanks to late fees, increases on interest, etc. the hole gets deeper. Even though I have worked continuously and paid taxes for over 10 years,I am unable to receive any kind of government assistance (i.e Medicaid, Food Stamps, etc) How will increasing credit improve my situation? Falling behind with bills has negatively affected my credit and I am unemployed. How will I benefit from the increase in loans being given w/ a low credit score? I am extremely worried form myself and my peers who did what the President is suggesting to improve life quality. Tax breaks for current students and increasing funding available for college is wonderful and I support education. But those of us who are educated, are swamped w/ debt from the education, and unable to find jobs w/ this education will be the ones who will truly suffer. What can we do to improve our situation? Waiting for the creation of jobs only increases our debts and decreases our appeal to receive loans. How can we fix it??


EP   February 25th, 2009 5:26 am ET

I think the President Obama’s speech is exactly what I was expecting from a President. I could not agree more with the issues that he and the rest of the government are going to do.
I loved when he said that people are not only hurting themselves by dropping high school, but they affecting the country. I love how he mentioned Energy and Jobs.
I am ready to invest in companies who want to manufacture wind turbines and solar panels here in the USA


Mmatare   February 25th, 2009 7:54 am ET

Very sad for "Some Americans" that supports republicans crap – whatever Obama says or do they will always find something wrong or say things to show that they can do better – very sad egos' – Larry I dont even understand why you still Want to hear McCAin's opinion about Obama – he showed throughout the campaign that he can't stand him and that HE SHOULD HAVE BEEN CHOSEN – IT DIDN't happen – Americans were smarter than that – It almost look like you want McCain to validate OBAMA – which he never will – you can see his body language – Accept the fact that HE RESENTS OBAMA and he can't help showing it – and that Bobby Jindal should not have even opened his mouth – he sounded ridicolous – comparing himself to OBAMA – he cannot reach Obama even if he tries – interms of intelligence, respect and overall patience – He was trying once again to have the last word – Listen Larry King, the President has SPOKEN – so instead of analysing what he said and not said – how or what details were or were not included in his speech – DEAL with it – Let the President do his job – I wonder is this a normal deal for all President?./ or you are just on OBAMA's case ??? your CNN analyst speak as if Obama should personally get down and do the dirty work – HE IS the President – he has people advisors, scholars who will do the work under his scrutiny – give up the dissection and let him BE the President for once!!!
Thanks


Paul   February 25th, 2009 10:16 am ET

If there is one man who can get America out of this mess than it's Barack Obama. Once America recovers, the rest of the world will follow. Obama gives people hope. Hope is the first step towards action. He speaks to each individual and appeals on our duty and responsability. He not only speaks, he acted firm from day one. He is a president from and for the people. We didn't have that in years. We must be grateful for this man because he inspires not only America but the whole world.


Tyrone K. Jones   February 25th, 2009 12:11 pm ET

I dare anyone who has a boat-load of debt to try and spend your way out of debt. IT DOES NOT WORK! Borrowing to pay bills only prolongs the agony. Robbing Peter to pay Paul doesn't work either. The congress has its own ponzi scheme going on. The only solution is to shrink government, grow small businesses and cut taxes. It's not that hard to do. Big government is not the answer. Look at medicare and social security....what a mess! Obama is a sincere and responsible/reasonable thinker and talker but he has listen to his own heart and turn a deaf ear to big spending democrats who are using him to push their personal agendae.


G Trehan   February 25th, 2009 12:33 pm ET

Yes I concur with Tyrone that growing small businesses will take us out of this problem. we need to develop small industries, small businesses, and a system for financing this plan. I think communities will have to come togather, Just see today the community Banks are not in much of a trouple, it is Big and Greedy business who are in a deep problem....we need to re-invent the system and will have to be innovative


GT   February 25th, 2009 1:09 pm ET

I have full faith in our systems and am trying to share my thought on foreclosure and refinancing.

• Think who is fore-closing
a. People who lost jobs and do not have enough money to support the Mortgage.
b. People who pulled out cash from equity and now they have to refinance the home, but don’t have enough cash to put back, based on the new pricing their house price has come down, and the new home loan will be at the new market price, so either people lose their equity and cash and foreclose it or get the 20% down for the new refinancing and adjust to the new mortgage provided they have a job.
• How do I see the Banks being Bailed out
a. These big Business houses are thinking that this bailout money is an opportunity to grab free federal money.
• How this all started?
a. People don’t have jobs so they don’t have money.

• So my question is who should be rescued? One who does not have money to pay or the Banks?

• Just think, shouldn’t we have a larger task force who needs to evaluate each and every foreclosure, case to case, and then the bank should get the money on case to case basis, that way people can get together with banks and federal officers in one office say city hall, at a given point of time and re-solve their problems.

a. If they do so, then Banks and Federal agencies might have to hire more people and then the jobs will be there, if jobs are there then money starts flowing and hence the ball starts rolling.

This is a very big plan and a big opportunity to re-invent the wheel. There is a lot more to be done. This will have to be dealt at grass root level. My wishes and prayers are with all and hope we get out of this situation soon.

God Bless us All


debbie   February 25th, 2009 6:54 pm ET

McCain finds any excuse to have something negative to say about President Obama. The President is a tremendous orator and McCain is a sore loser. Everytime I hear McCain is going to speak, I know it is something he could of done better and he would not of done it President's Obama way, of couse not. It angers me to see a man his age act like such a child. In one breath he will praise the President and turn around and say but this is not how I see it. We hear more about McCain and Palin then we should, I thought if you lost you simply went away.


Mike   February 25th, 2009 7:46 pm ET

Regarding Jindal's "response": Could someone please explain to me how accepting federally subsidized funds specifically directed to extend Unemployment Benefits would result in higher taxes for businesses, as he claims? Because it sounds suspiciously like GOP bullhonkey to me.


camille   February 25th, 2009 8:06 pm ET

I loved the positive tone of the president's speech last night.

When my daughter was four months old I was told that she would never walk, and possibly not even be able to push a wheel chair.

I kept believing for her anyway. It's amazing what the human spirit can achieve when it believes something.

Of course most people felt sorry for me and had sympathy in their eyes when it came to the thought that I was believing this.

At four months of age my daughter's body was like that of a whole chicken that you would find in a supermarket.

I had been around tons of children, so I knew that she wasn't suppose to be this way.

You know what, I would speak positive things to this infant because I knew she would believe me.

Believe- is the start of it's own unknown path.

Today she is walking.

President Obama, I agree with you, that American's have accomplished some great things and will continue to do so,


lickwid_skie   February 25th, 2009 8:24 pm ET

Does anyone actually believe that this government cares about the public? Does anyone think that they did not know big business was robbing average Americans blind? Did the government not know that all the wealth was going to a few individuals while most people could barely afford to live?

Does anyone think that Iraq is all Bush's and his administration's fault, or believe that the rest of the government was simply mislead into the war? Do you really think they are that stupid?

I know I don't. The president is a figure head and a scape goat. He takes the blame when the public is angry, and to maintain the farce, gets the credit when the public is pleased, so that the public in mass doesn't turn against the entire government.


Mathew Owens - Iowa   February 25th, 2009 9:09 pm ET

as part of America not creating first car, I was gear head since my youth, I didn't know till after high school Ford didn't build the first one most computer on computers think ENIAC was the first, when was ABC, Alstonof Berry Copmputer made at Iowa state, the Gov't allowed ENIAC makers to steal ABC design, this in 40's but wasn't until in 90's true credit to ABC computer was proven in courts...

Jindal being involved in Katrinia help is bold faced lie, the Democratic Sheriffe he referrs to is dead, so there's noway he can verify his RIGHT WING NUT BS story.

QUAGMIRE is Iraq and our economy only way to lessen the down spiral crash effects is to spend and develope jobs that all ready needs done as intrastucture, and EDUCATION NEEDS, NEEDS TO BE AT TOP OF THE list, like investigaiting all these past practices got college students so in debt. With enept loan rates and loans by colleges that get kick backs and gifts, from said loan companies amount of graft allowed DURING PAST EIGHT YEARS OF BUSH REPUBLICAN GOP THAT HAD NO GOVERNING, is what Republicans drunken Tom delay refers to as less GOVERNMENT lessen TOMY your DELAY by REPUBLICAN PARTY BEEN TERROPIZEING US enough all RIGHT ALL READY...

Dear John McCain,

WE THE PEOPLE OWN THE HELICOPTER, if it's unsafe needs to be REPLACED thats up Acft Maint officals. Our current President who WON THE ELECTION OBAMA STAFF will see to that.


Mathew Owens - Iowa   February 25th, 2009 9:15 pm ET

Added note can we get our Canada Friends to invite, Cheney and Rumsfeld to that talk Bush is going to give in Canada, You might also invite some officals from international courts to attend, Might interesting to see who leaves in hand cuffs if it is open forum seeking truth and justice.


Zelene Laney   March 5th, 2009 9:38 pm ET

It is sad that so many of the people in congress are not willing to give President Obama a chance to turn things around for our country. There are many people who appear to want the President to fail, but a lot of us support him and know that the evil being done to ensure his failure will not work.


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