Obama On Responsibility For Economy: "Give It To Me"

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DARLENE SUPERVILLE | 07/14/09 08:58 PM | AP

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President Barack Obama speaks at Macomb Community College, Tuesday, July 14, 2009, in Warren, Mich. (AP Photo/Haraz N. Ghanbari)

WARREN, Mich. — Conceding unemployment will get worse before it shrinks, President Barack Obama on Tuesday unveiled a $12 billion plan to help community colleges prepare millions of people for a new generation of jobs. Challenging critics, he said he welcomed the task of turning around the economy.

"I love the folks who helped get us in this mess and then suddenly say, 'Well, this is Obama's economy,'" the president told an outdoor crowd at Macomb Community College, veering off his scripted words. "That's fine. Give it to me. My job is to solve problems, not to stand on the sidelines and harp and gripe."

Obama did not identify his target for those comments, but he has been under increasing fire from Republicans over the pace of the economic recovery and the soaring deficit. He brought his message to a state reeling from the loss of auto jobs. Michigan's unemployment rate is 14.1 percent, the nation's worst.

"The hard truth is that some of the jobs that have been lost in the auto industry and elsewhere won't be coming back," Obama said. "They are the casualties of a changing economy."

To that end, he proposed an "American Graduation Initiative" to bolster the two-year community college field that serves millions of students as a launching point for careers or a step toward expanded higher education. The idea is to train people for jobs, such as those expected in the clean energy industry, when the economy turns around and begins to create jobs again instead of shedding them.

Under the plan, competitive grants would be offered to schools to try new programs or expand training and counseling.

High dropout rates would be addressed by designing programs to track students and help them earn an associate's degree or finish their education at a four-year institution. Money would also be spent to renovate and rebuild facilities, and online courses would be developed to help colleges offer more classes.

The White House says the cost would be $12 billion over 10 years; Obama says it would be paid for by ending wasteful subsidies to banks and private lenders of student loans.

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"Time and again, when we have placed our bet for the future on education, we have prospered as a result," Obama said.

Republican Sen. Lamar Alexander of Tennessee, a former education secretary, said Obama's plan is a "typical proposal" that sounds better than it is. "When our biggest problem as a country is too much debt, he's taking the entitlement spending he claims to be saving from the student loan program and adding it to the debt," Alexander said.

Obama's speech came a day after the White House issued an upbeat report predicting that health care and environment-focused jobs would help drive a jobs recovery but that education and training would have to keep up with a demand for higher-skilled workers.

Earlier on Tuesday at the White House, Obama said he expected the nation's unemployment rate would continue to "tick up for several months."

It is now at 9.5 percent, the highest in 26 years. Obama said renewed hiring tends to lag behind other signs of economic recovery.

In Michigan, Obama called the $12 billion in spending over the next decade "the most significant down payment" yet toward achieving his goal of having the highest college graduation rate of any nation.

Speaking in rolled-up sleeves, Obama said jobs requiring at least an associate's degree are expected to grow twice as fast as those where college education is not required.

"We will not fill those jobs, or keep those jobs on our shores, without the training offered by community colleges," Obama said.

Community colleges have been feeling pinched lately. Enrollments have been increasing for several reasons, including rising college costs at public and private institutions and the needs of people who have lost jobs and are eager to learn new skills.

About 6 million students attend community college, administration officials said. Obama is setting a goal of 5 million additional college graduates.

Meanwhile, former Federal Reserve Chairman Alan Greenspan told Republican senators on Tuesday at their private weekly luncheon at the Capitol that the government's $1 trillion deficit was the single biggest hurdle to economic recovery. In his speech, Obama acknowledged the problem of debt but said again that the only way to start reducing deficits is to reform the health care system, his dominant legislative priority.

Obama's trip wasn't all about policy, however. Before returning to the White House, he changed into jeans and the jacket of his beloved Chicago White Sox to throw out the ceremonial first pitch at Major League Baseball's annual All-Star game at Busch Stadium in St. Louis. It was his first pitch as president.

___

Associated Press writers Ben Feller, Jim Kuhnhenn and Anne Flaherty contributed to this report.

WARREN, Mich. — Conceding unemployment will get worse before it shrinks, President Barack Obama on Tuesday unveiled a $12 billion plan to help community colleges prepare millions of people for a...
WARREN, Mich. — Conceding unemployment will get worse before it shrinks, President Barack Obama on Tuesday unveiled a $12 billion plan to help community colleges prepare millions of people for a...
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Obama the worst President we everhad or will have.

    Favorite    Flag as abusive Posted 12:04 PM on 07/16/2009
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you must be, what? Ten years old? What would you know about the world.

    Favorite    Flag as abusive Posted 02:47 PM on 07/17/2009
- Rule Of Law I'm a Fan of Rule Of Law 154 fans permalink

Again--Deregulation of the Glass Steagall Act and the removal of oversight on the Derivatives that have destroyed the world's economy all came under Clinton thanks to Rubin, Summers, Geithner, and Greenspan. This mess crosses party boundaries. In fact, Clinton was warned by Brooksley Born (google her if you don't know who she is) that derivatives would become financial WMD. He ignored her and allowed Rubin Summers and Greenspan to hound her out of her job.

The same guys are still in control.

    Favorite    Flag as abusive Posted 03:41 PM on 07/15/2009
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May 23rd, 2009: "We are out of money" - Barack Hussein Obama

So where then do we get another $1.5 trillion for bills like health care? Tax the rich?

Here is a simple but important lesson on business, so listen up:

Even though taxing the rich won't cover but a portion of this health care fiasco, the effects of taxing the rich is very misunderstood. Rich people are typically business owners that employ people like you. If a new tax is implemented and it threatens the amount of money the business owner is making, the owner simply makes a couple of changes to their business on both the expense side and the income side to compensate. First, reduce the number of hours and benefits paid to employees to save on the expense side. Second, raise prices to account for increased income on the income side. In the end, the "rich" person makes the same amount, but workers are left with smaller paychecks and consumers are left with higher prices. So when you tax the rich, you are simply doing damage to your fellow Americans. Fact.

    Favorite    Flag as abusive Posted 10:52 AM on 07/15/2009
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Even if the rich are taxed more, they will be "taxed less" in many cases because the costs of health insurance will be reduced. And small businesses will no longer have the pressure to offer health insurance when there's a public option. And overall, the labor pool will become a lot healthier. Higher taxes for the rich, therefore, will become the Great Bargain.

    Favorite    Flag as abusive Posted 11:06 AM on 07/15/2009
- Rule Of Law I'm a Fan of Rule Of Law 154 fans permalink

In addition to which, most of the ultra wealthy in this country are of the investor class, not the business owner class. Warren Buffet is not an actual hands on business operator but an investor in a number of businesses. So are most of your old line east coast establishment wealthy whose families once did start and run businesses, but now are content to live off their shares while others do the actual work. There are Morgans, but not at Morgan Bank. Ford may have been the last true family run corporation, but no more. Taxing the wealthy will add greatly to our bottom line. Corporate taxes, which according to a govt study less than two thirds of American companies paid AT ALL over the last five years, should also be increased--And collected!

    Favorite    Flag as abusive Posted 11:31 AM on 07/15/2009
- Strywever I'm a Fan of Strywever 30 fans permalink

Same old Repuglican arguments against taxation -- "it'll hurt jobs!"

First, only a small percentage of small business owners earn more than $250K, which is the threshold for increasing their taxes by ONE percent. An even tinier fraction earn more than $1 million, which is the threshhold for the top tax increase of THREE percent.

Secondly, this is a tax on their personal income - not on their business income. Most people keep the two separate to avoid trouble with the IRS.

Thirdly, have you ever seen a wealthy person stop trying to grow his wealth because he doesn't want to pay more taxes? Of course not -- they always continue to try to achieve more wealth, no matter what. So, if expanding their businesses is how they choose to attempt to expand their wealth, they'll keep right on doing that.

Fourth: Economic growth has nothing to do with tax rates. Look at the 60's, for example, when the wealthy were taxed at rates of more than 70 PERCENT and the economy grew like gangbusters. The Brookings Institute says that the connection between taxes and economic growth is "ambiguous," at best. (And something tells me they know a bit more about this than you do.)

I could go on, but there clearly is no point. You are happy in your role as a dupe of wealthy and powerful rightwingers, for some bizarre reason.

    Favorite    Flag as abusive Posted 11:27 AM on 07/15/2009

Bring back the 60s!!

    Favorite    Flag as abusive Posted 11:44 AM on 07/15/2009
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Wow, you have clearly never owned a business.

    Favorite    Flag as abusive Posted 03:11 PM on 07/15/2009

Where are you getting your information? Most small business file under S-Corp & pay individual taxes on their business income. Small business do not keep two sets of books, since most of them are audited often both by the feds & their states. I'm from Missouri..­.show me.

    Favorite    Flag as abusive Posted 04:06 PM on 07/15/2009

I "listened up" and read your comments. Nice clever trick. The subject is taxing THE RICH, you replied to taxing BUSINESSES which are two completely different things.

    Favorite    Flag as abusive Posted 11:41 AM on 07/15/2009

Not true when you are stating a $ amount to decide who is RICH & who is not. The line has been drawn on who the government thinks is rich.

    Favorite    Flag as abusive Posted 04:11 PM on 07/15/2009
- Buddy McCue I'm a Fan of Buddy McCue 137 fans permalink
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What makes you think "the rich" are necessarily business owners? Most of them simply own things for a living, and wait for their dividend checks to show up. It isn't as though all wealth and good things spring miraculously from their foreheads.

No, labor creates wealth and always has.

    Favorite    Flag as abusive Posted 05:58 AM on 07/23/2009
- kbkw54 I'm a Fan of kbkw54 57 fans permalink

The healthcare bill has 1018 pages. How many pages has Obama read?

    Favorite    Flag as abusive Posted 08:29 AM on 07/15/2009
- vesaversa1 I'm a Fan of vesaversa1 12 fans permalink
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Don't forget to flush that republican BS after you leave .

    Favorite    Flag as abusive Posted 09:22 AM on 07/15/2009
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The one that reads: signature of the POTUS

    Favorite    Flag as abusive Posted 09:32 AM on 07/15/2009
- AKAchip I'm a Fan of AKAchip 7 fans permalink

Tro// alert!! Do NOT respond to tro//- any interaction with said tro// will cause permanent stoopidity.

    Favorite    Flag as abusive Posted 10:36 AM on 07/15/2009
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I like to poke em at least once to see if they're actually conscious.­..

    Favorite    Flag as abusive Posted 08:13 AM on 07/16/2009
- Fotios I'm a Fan of Fotios 17 fans permalink

Yeah, I want my Government to outline the Nation's healthcare policy in a coloring book, or maybe with a "Schoolhouse Rocks" video. Reading is hard.

    Favorite    Flag as abusive Posted 10:37 AM on 07/15/2009
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Perhaps you want a bill that's as big as the Republicans' stimulus bill, like 18 pages.

    Favorite    Flag as abusive Posted 10:44 AM on 07/15/2009
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The GOP does not want a public option because it will cut into their profits.

    Favorite    Flag as abusive Posted 08:14 AM on 07/15/2009
- billbb I'm a Fan of billbb 49 fans permalink

For the record, they didn't want Social Security or Medicare, either, referring to both as socialism.

And Social Security was passed in the 1930s, over the objections of Repubuplicans who said that the money should have been used for a tax cut.

You'd think after 70 years they might have come up with at least one new idea (other than invading countries we didn't have to, I mean).

    Favorite    Flag as abusive Posted 10:35 AM on 07/15/2009
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You hit the nail on the head my friend.

    Favorite    Flag as abusive Posted 10:54 AM on 07/15/2009
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Lets see which party invaded coutries in those 70 years that we did not have to that caused more American soldiers to give the ultimate sacrifice? Can you guess? go on take a guess? Go on...go on....I will give you a hint...It does not start with a R.

Go on....

and what new idea has the Dems ever had besides tax and spend? They have not.

    Favorite    Flag as abusive Posted 10:57 AM on 07/15/2009
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Need to install more tro// changing stations.

Most estimates show this recession starting slow, accelerating faster than most (esp. for unemployment), and turning in 1Q-2010. Most of the stim money will hit then too.

I've heard from three separate financial planners that the market is poised for a big rally (I know, this is very different from Main St, but it is also a big influence on people's estimation of the health of the economy and their spending) certainly by... Spring, 2010.

Meanwhile, the republigrunts can still say "no" and "boo" and "racism" and "socialism­"...

    Favorite    Flag as abusive Posted 08:10 AM on 07/15/2009
- DaveyDavey I'm a Fan of DaveyDavey 107 fans permalink
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There it is. The Bush Depression has become the Obama Recovery.

    Favorite    Flag as abusive Posted 08:02 AM on 07/15/2009
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Sounds great except the recovery was full underway late last year. The last index of the three "P" 's was reported to bottom in Feb of this year before a dime of the Recovery money ever hit the streets.

Go read the other blog on the HP today and the link article. If that is true then it was Tarp that saved the economy. A Bush thing remember?

    Favorite    Flag as abusive Posted 10:50 AM on 07/15/2009
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No, since it happened on Obama's watch, it's Obama's recovery. Bush people have said since January 20 that Obama owns the economy, so they now have to give Obama all the credit.

    Favorite    Flag as abusive Posted 11:09 AM on 07/15/2009
- mdlawyer2 I'm a Fan of mdlawyer2 18 fans permalink

TARP saved the financial system from total meltdown. That collapse would have thrown the world economy into a depression on par with, or of a greater magnitude than, the Great Depression. TARP may have been a Bush thing, but it was necessitated by his inept stewardship of the nation to begin with (if it wasn't for Bush and his voodoo economics we wouldn't have needed TARP in the first place; I crashed the car into a wall, but I saved the luggage in the trunk). Further check the Congressional voting records regarding TARP, a majority of the Republican Party voted against the legislation, the Democrats wisely caused the passage of that piece of legislation. Finally, though I would like to believe that the economy is in a recovery mode, the notion that it was on the upswing in February is completely unsupported by any evidence.

    Favorite    Flag as abusive Posted 11:25 AM on 07/15/2009
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Let's hope so. I pray Obama can turn the economy around and get us back to prosperous times like in the Clinton years.

    Favorite    Flag as abusive Posted 10:56 AM on 07/15/2009

Sock it to me baby!

    Favorite    Flag as abusive Posted 07:41 AM on 07/15/2009

Sounds just like Bush's "Bring it on"...and we know how well that turned out!

    Favorite    Flag as abusive Posted 07:58 AM on 07/15/2009
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Well the difference is, we have someone in the white house who can actually think first before he speaks.

    Favorite    Flag as abusive Posted 10:57 AM on 07/15/2009
- 1088 I'm a Fan of 1088 103 fans permalink

Full speech on this!

http://www.c-span.com/Watch/Media/2009/07/14/HP/A/20817/Pres+Obama+Remarks+on+Community+Colleges.aspx

    Favorite    Flag as abusive Posted 07:40 AM on 07/15/2009
- spinns17 I'm a Fan of spinns17 43 fans permalink
    Favorite    Flag as abusive Posted 07:31 AM on 07/15/2009
- ntmessage I'm a Fan of ntmessage 38 fans permalink

The GOP wants to keep your healthcare the way it is. The more they push that point the more the people will want the public option. This will improve the economy by lowering costs so that people can actaully spend some money on something besides Health Care and Energy.

    Favorite    Flag as abusive Posted 07:26 AM on 07/15/2009

I LOVE IT!

The "Macdonald Syndrome" has infected politics now!
YEA!

Place your order at this window and pick it up at the next.
Same with politics--dump your perceived problems at
this window and pick up your 'cure-alls' at the next window!

How's that working for YOU? Or your local governments that
received the stimulus? ZOOMED right on through, right?

    Favorite    Flag as abusive Posted 06:57 AM on 07/15/2009
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zzzzz... rewarmed "Socialism" talking point (I think Rush is onto to racism now, you've got to keep up, johnjohn)

    Favorite    Flag as abusive Posted 09:34 AM on 07/15/2009
- nirek I'm a Fan of nirek 105 fans permalink
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President Obama came into office with the worst economy ever. In trying to improve it the downward movement kept going (inertia ) now there is some improvement and only 7 months into his first term. Seems to me he is doing a fine job, I'd take him over bush cheney any time at all.
Nirek

Give him a break!

    Favorite    Flag as abusive Posted 06:39 AM on 07/15/2009
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Definitely, I'd choose him over Bush a thousand times. Let's just hope he can fix up this place. He has less than 3 years to do it.

    Favorite    Flag as abusive Posted 11:00 AM on 07/15/2009
- Oakland I'm a Fan of Oakland 13 fans permalink
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It is his economy. The stupid Rebpublicans and Goldman Sachs stole it all, and then Obama put the Republicans and Goldman Sachs back in charge of everything. They broke it, but he sure as hell isn't fixing it. He needs to renegotiate trade, stop offshoring, pass single payer and create an industrial­/manufactu­ring policy for this country. What the hell is he waiting for?

He should have funnelled the bank bailouts through the home owners and credit card holders so they could have been bailed out too. That would have put a bottom on the housing crisis at least.

    Favorite    Flag as abusive Posted 05:59 AM on 07/15/2009
- TheNuff I'm a Fan of TheNuff 6 fans permalink

I know right! Been 6 whole months already! How dare he sleep!

    Favorite    Flag as abusive Posted 08:02 AM on 07/15/2009
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Analogies are often the last refuge of the scoundrel, but it was like the plane landing in the Hudson... you first have to get the thing on the ground before you start messing with the engines, keeping birds out of the engines, and the whiners in first class.

Obama is going fine, the public is still hoping he doesn't fail, and (if he does get health care and something better on the environment) should weather the 2010 elections with minimal losses.

GOP strategy: race, fear, socialism, and bat-spit craziness

    Favorite    Flag as abusive Posted 09:39 AM on 07/15/2009
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Well I'll be sure not to vote for any Republicans next November.

    Favorite    Flag as abusive Posted 11:02 AM on 07/15/2009
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