President Obama used his first televised address to the nation to repeat, in the most bleak of tones, that America's economic ills could last years, not months, if his stimulus plan continues to be sidetracked by partisan wrangling.
For the first time Obama invoked in serious tones the image of Japan's economic collapse of the 1990's, called that country's "Lost Decade" where zero economic growth and bank failures stopped virtually all economic gains for the world's third largest economy.
"This is not your ordinary, run-of-the-mill recession," he said.
And if there's anyone out there who still doesn't believe this constitutes a full-blown crisis, I suggest speaking to one of the millions of Americans whose lives have been turned upside down because they don't know where their next paycheck is coming from.
So while Obama continued to hold out hope for a spending plan that meets approval of Democrats and opposition Republicans alike, he clearly will leave straggling GOP lawmakers behind and push his plan once negotiations are, in his view, completed.
Obama, known for bantering with members of the press, was quite subdued in his exchanges with reporters. And its no wonder.
The hour-long press conference provided the viewer with just how many different headaches President Obama has on his plate. While the economy and bank bailout has dominated much of the discussion in his first month in office, he still has to improve relations with Iran as well as develop a cogent war strategy in Iraq and Afghanistan.
But for now, Obama seems to be putting the international problems on the back burner. Earlier in the day, he visited Elkhart Ind., a town that has seen unemployment grow from 4.7 percent to 15.3 percent in the past year.
Obama said the true measure of his effectiveness would be job creation and that he first measuring stick of his stimulus plan would be if it can create and/or save 4 million jobs.
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Paul Shepard blogs the Democrat side of politics for Black Voices. He has been a journalist for 16 years: on the national urban/minority affairs beat for The Cleveland Plain Dealer and for AP in Washington, D.C. He now runs his own public affairs firm, Shepard Strategic Communications.


Comments: (45)
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By: Joanie on 2/22/2009 12:49AM
change-- he promised one kind and is delivering another! How typical! And many people are too stupid to notice. And because of their stupidity, I truly believe that they shouldn't have the right to vote.
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By: Nick on 2/28/2009 3:45PM
Obama the Clown is a disgrace the the US.........
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By: Sebas on 3/04/2009 10:25AM
The problem with Obama is he is a pathological liar , his incompetence,corrupt cabinet [tax cheaters and liars ] and associates who haven't studied history of the economic cycles and the principles that create jobs and prosperity. The Obama administration is doing the opposite. Economic recovery always follows recessions and even the depression.By spending trillions of non-stimulus bills laden with a lot of porks/earmarks and raisng taxes while in recession will actually cause the rich and the corporations to cut down the number of businesses and American jobs because of lower profits. The top 5 % richest are already paying 60 % of the total taxes in the US. We should remember President Carter's administration while doing the same strategy as Obama's drove the interest rate to 21 %,highest unemployment and by taxing more the rich we got hyperinflation and was solved by Reagan by cutting taxes from 80-90% down to 35 % which stimulited the economy.Wall Street which always predict the future economy is telling us by going down since Obama took office taht they have no confidence about the success of what Obama has been doing.You can't blame Bush anymore but the financial meltdown was actually caused by the democrats especially the democratically controlled Banking and Finance committees with chairmen Barney Frank and Chris Dodd, who together with ACORN forced and intimidated FANNIE MAE,FREDDIE MAC AND THE BANKS to let the people who can't afford to pay to have houses without checking their income and jobs.Obama has been lying away his close and long associations with Ayers,Wright,Rezko,Acorn and the corrupt Chicago political machine. He did the opposite of his campaign promises of ethics reform,transparency and bipartisanship and lied on national media that the stimulus bills have NO PORKS/EARMARKS WHEN THE OMNIBUS STIMULUS BILL ALONE HAS 9,000 EARMARKS. HOW CAN WE TRUST A PATHOLOGICAL LIAR.
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By: Maori on 3/03/2009 12:43PM
Why is the American military all branches filing lawsuits in California asking if we are still a Constitutional Republic?
Why is there Tea in the Harbor revolts in the streets?
Is the economy really being dumped by a bunch of genies who got out of the Arabian lamp?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=90574
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By: Sebas on 3/03/2009 3:02PM
The US military will forced very soon to take over our gov't because of Obama's incompetence,corruption,islamic terrorist sympathy,destroying our economy by non-stimulus spending with porks and taxing the rich and the middle class eventually while increasing welfare dependence that makes people lose incentive for hard work.OBAMA IS DISMANTLING THE SAFEGUARDS THAT BUSH PUT IN PLACE AND PROTECTED US SINCE 9/11. THERE WERE MANY US HOMELAND ISLAMIC TERRORIST ATTCKS THAT WERE PREVENTED AND NOT PUBLICIZED BY WATERBOARDING THESE ISLAMIC TERRORISTS. NOW OBAMA IS DROPPING CHARGES,CLOSING GITMO AND GIVING MORE RIGHTS TO ISLAMIC TERRORISTS and taking away justice for the 3,000 Americans massacred on 9/11 and the 17 sailors killed in the USS Cole bombing. Obama lied away his close and long associations with the worst people in our nation in the corrupt Chicago political machine,domestic terrorists,anti-America racist,Rezko,Acorn. Obama is a pathological liar. He is very cool under pressure even while lying. Obama did the opposite of his campaign promises of ethics reform,transparency and bipartisanship. Obama lied on national media about the non-stimulus bills saying no porks or earmarks but the Omnibus bill alone has 9,000 porks.Obama,Pelosi and Murtha wanted our troops in Iraq to fail and surrender the white flag,witholding funding of the US troops thereby endangering their lives. These 3 people should be tried for treason. They are so anti-US military and anti-America.
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