"The scale and scope of this plan is right, and the time for action is now," Obama said in the radio address. "If we don't move swiftly to put this plan in motion, our economic crisis could become a national catastrophe."
President Obama is kind of a like a well-known song. The kind of song that you only need to hear a few notes from to know what it is.
Likewise, when you hear the president use certain words, you know what he’s talking about.
In today’s weekly radio address, there were immediate clues that the topic would be the economic stimulus package.
It only took Obama four words before he said “devastating.” And 11 words before he said “crisis.”
But a full 193 words before “catastrophe” was spoken. (Armageddon and annihilation were not mentioned).Whether you agree with the president or not, he stays on message. more
Other 'speed freaks' echo the message:
There was more than a trace of desperation in Senate Majority Leader Harry Reid’s decision to hurry up voting on the Senate’s $900 billion economic stimulus package. Chalk that up to the growing realization beyond the Beltway that the Washington politicians are pulling another fast one – telling taxpayers economic catastrophe is right around the corner if Congress doesn’t quickly approve the largest single federal spending bill in American history.
Lawrence Summers, President Barack Obama’s top economic adviser, said the No. 1 lesson learned from the Great Depression is a simple one:
“You need to act,” Summers said during a White House briefing. “The market is not self-stabilizing. Herbert Hoover did not act; the situation got worse. FDR did act and the situation improved.”Taking action swiftly is foremost, Summers said.
'Is it a perfect package?'
Many economists say the precise size and shape of the package developing in Congress matter less than the timing, and that any delay is damaging.
"Most of the things in the package, the big dollar amounts, are things that are pretty quick stimulus and need to be done," said Alice Rivlin, who was former president Bill Clinton's budget director and who criticized aspects of the proposed stimulus in congressional testimony two weeks ago. "Is it a perfect package? Of course not. But we're past that. Let's just do it."
Treatment for those addicted to 'speed' is available but the person must admit they need help.
Junkies controlled by their pushers seldom admit their problem and will try to bring the rest of us down rather than rehabilitate themselves.