Democrats Respond to Obama Address

It’s his party

But they’ll cry if they want to

After his economic address this morning, Barack Obama’s fellow Democrats made it clear that they don’t agree with all of the President-elect’s ideas. Obama ran into opposition within his own party regarding the proposed tax cuts included in the American Recovery and Reinvestment Plan.

Senator Kent Conrad from North Dakota said he thinks giving businesses tax breaks for hiring workers won’t be effective.

“If I’m a business person, it’s unlikely if you give me a several-thousand-dollar credit that I’m going to hire people if I can’t sell the products they’re producing,” Conrad said.

While Republicans touted their total agreement with the tax cuts Obama is proposing, more Democrats had arguments against those cuts.

Voice of elections past

John Kerry expressed his sentiment that tax cuts are an indirect way of creating jobs and that the money should be spent on “infrastructure, on direct investment, on energy conversion.”

About $300 billion of the ARRP would go toward tax cuts for individuals and businesses. The plan now is rumored to carry a price tag of about $800 billion. That is 5.3 million times the amount you can get for a payday loan from Personal Money Store, in case you were wondering.

Too little too late?

Democratic Senator Ron Wyden, from Oregon, believes the tax cuts for middle class individuals will be too small to make a difference. The cuts reportedly add up to about $500 per worker, or $1,000 for couples.

“In tough times people don’t respond all that well to marginal changes, such as a small amount of money added per paycheck,” Wyden said.

Or too much too early?

Senator Max Baucus of Montana contends that it is too early to judge Obama’s plan. However, while most politicians are pushing for an agreement by mid-February, Baucus wants the plan to be put to a vote during the week of Obama’s inauguration, which is Jan. 20.

Sideshow

Obama appears to be having quite the red-letter day. On the same day he gave a major economic speech, Congress officially declared Obama the winner of the Nov. 4 election. Well, at least there is one thing we can count on.

Also today, Obama’s transition team petitioned Congress to delay the digital television switch, scheduled for Feb. 17. That is the day all television is supposed to be broadcasting digitally instead of using an analog signal. Obama says there simply isn’t enough funding to achieve the switch by the target date.

It’s not all fun and games, but some of it is!

Obama may be facing some tough times ahead, even when it comes to dealing with his own party, but at least he knows he has one fan: Marvel Comics (see http://www.foxnews.com/politics/2009/01/08/obama-stars-spider-man-comic-based-inauguration-day/). When the company found out that Obama collected “Spider-Man” comics as a kid, it decided to honor him by featuring him in an upcoming issue.

My favorite part: Spidey uses a basketball game to determine who is the real Obama and who is an impostor.

Back to the subject

Democrats are criticizing Obama’s tax cut proposals, and Republicans are unhappy about the overall cost of the economic stimulus plan. But there is one thing all parties agree on: action must be taken, and fast.

Obama believes that the stimulus package must be put into action before the nation’s financial situation gets any worse. He is concerned that unemployment will continue to skyrocket unless the government steps in.

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