Government

Obama Holds News Conference on $447 Billion Jobs Bill

WASHINGTON (AP) — President Barack Obama will hold a White House news conference Thursday morning.

It‘s Obama’s first news conference since announcing his $447 billion jobs bill in early September.

Since then, Obama has been traveling the country trying to rally public support for the bill. He will use Thursday’s news conference to urge Congress to pass the measure.

Senate Majority Leader Harry Reid says the Senate will vote on the bill next week. But Republicans oppose a tax increase on million-dollar earners added to the bill by Senate Democrats.

Obama will take questions at 11 a.m. EDT in the East Room.

Comments (51)

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  • cece959
    Posted on October 6, 2011 at 11:40am

    How many more times is he gonna blame the Republicans for every wrong decision his administration is responsible for? He doesn’t even have enough Democrats to pass his stinking bill, yet he‘s whining that it’s all the Republicans fault. I sure do wish he‘d get a permanent case of laryngitis because I’m sick of him.

    Report Post »  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:39am

    it is always blame..blame..blame..blame the republicans…blame blame blame…Dodd Frank is a DEMON-CRAT bill…so blame bllame to the DEMON-CRATS

    Report Post »  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:37am

    Why would any company want to start here..when they know they are going to be taxed to the hilt, and requlated and NLRB to make it impossible to even do anything…..

    Report Post »  
  • EqualJustice
    Posted on October 6, 2011 at 11:35am

    HE TOTALLY just ignored the fact that he was given MANY warnings that Solyndra was a BAD INVESTMENT!! Unreal.

    Report Post » EqualJustice  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:34am

    nope..they were lost because of Union Labor and NLRB, EPA making it impossible for a company to even start.

    Report Post »  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:33am

    but based here..in US and MADE IN CHINA…

    Report Post »  
  • R4M0N
    Posted on October 6, 2011 at 11:32am

    Even Solyndra he’s blaming Bush for… What a clown.

    Report Post »  
  • FreedomOne
    Posted on October 6, 2011 at 11:29am

    What a tool! He blames bankers for giving out loans to bad companies. Um, hello, solyndra!

    Report Post »  
  • KeithOlberdink
    Posted on October 6, 2011 at 11:28am

    Let me be clear…”I have no idea what I‘m doing and I can’t believe you people elected me”

    Report Post » KeithOlberdink  
  • Want our country back
    Posted on October 6, 2011 at 11:27am

    Here’s a quick look into the three former Fannie Mae executives who
    brought down Wall Street.

    Franklin Raines was a Chairman and Chief Executive Officer at Fannie
    Mae. Raines was forced to retire from his position with Fannie Mae
    when auditing discovered severe irregularities in Fannie Mae’s
    accounting activities. At the time of his departure The Wall Street
    Journal noted, ” Raines, who long defended the company’s accounting
    despite mounting evidence that it wasn’t proper, issued a statement
    late Tuesday conceding that “mistakes were made” and saying he would
    assume responsibility as he had earlier promised. News reports indicate
    the company was under growing pressure from regulators to shake up its
    management in the wake of findings that the company’s books ran afoul
    of generally accepted accounting principles for four years.” Fannie
    Mae had to reduce its surplus by $9 billion.

    Raines left with a “golden parachute valued at $240 Million in
    benefits. The Government filed suit against Raines when the depth of
    the accounting scandal became
    clear. http://housingdoom.com/2006/12/18/fannie-charges/ . The
    Government noted, “The 101 charges reveal how the individuals
    improperly manipulated earnings to maximize their bonuses, while
    knowingly neglecting accounting systems and internal controls,
    misapplying over twenty accounting principles and misleading the
    regulator and the public.

    Report Post » Want our country back  
    • Want our country back
      Posted on October 6, 2011 at 11:32am

      The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and
      unsound manner.” These charges were made in 2006. The Court ordered
      Raines to return $50 Million Dollars he received in bonuses based on
      the miss-stated Fannie Mae profits.

      Net windfall . . . $190 million!

      Tim Howard – Was the Chief Financial Officer of Fannie Mae. Howard
      “was a strong internal proponent of using accounting strategies that
      would ensure a “stable pattern of earnings” at Fannie. In everyday
      English – he was cooking the books. The Government Investigation
      determined that, “Chief Financial Officer, Tim Howard, failed to
      provide adequate oversight to key control and reporting functions
      within Fannie Mae,”

      On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice
      Department to investigate his allegations that two former Fannie Mae
      executives lied to Congress in October 2004 when they denied
      manipulating the mortgage-finance giant’s income statement to achieve
      management pay bonuses. Investigations by federal regulators and the
      company’s board of directors since concluded that management did
      manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned
      under pressure in late 2004.

      Howard’s Golden Parachute was estimated at $20 Million!

      Jim Johnson – A former executive at Lehman Brothers and who was l

      Report Post » Want our country back  
    • Want our country back
      Posted on October 6, 2011 at 11:39am

      Jim Johnson – A former executive at Lehman Brothers and who was later
      forced from his position as Fannie Mae CEO. A look at the Office of
      Federal Housing Enterprise Oversight’s May 2006 report on mismanagement
      and corruption inside Fannie Mae, and you’ll see some interesting
      things about Johnson. Investigators found that Fannie Mae had hidden a
      substantial amount of Johnson’s 1998 compensation from the public,
      reporting that it was between $6 million and $7 million when it fact it
      was $21 million.” Johnson is currently under investigation for taking
      illegal loans from Countrywide while serving as CEO of Fannie Mae.

      Johnson’s Golden Parachute was estimated at $28 Million.

      WHERE ARE THEY NOW?

      FRANKLIN RAINES? Raines works for the Obama Campaign as his Chief
      Economic Advisor.

      TIM HOWARD? Howard is a Chief Economic Advisor to Obama under Franklin
      Raines.

      JIM JOHNSON? Johnson was hired as a Senior Obama Finance Advisor and
      was selected to run Obama’s Vice Presidential Search Committee.

      IF OBAMA PLANS ON CLEANING UP THE MESS – HIS ADVISORS CERTAINLY HAVE
      THE EXPERTISE – THEY MADE THE FRICKIN’ MESS IN THE FIRST PLACE.

      Report Post » Want our country back  
  • TRONINTHEMORNING
    Posted on October 6, 2011 at 11:27am

    Been doing my radio show; did I miss any more lies?

    Report Post »  
  • EqualJustice
    Posted on October 6, 2011 at 11:26am

    COME ON CHICKEN REPORTERS… FAST & FURIOUS, SOLYNDRA? let’s go….

    Report Post » EqualJustice  
    • LibertyWon
      Posted on October 6, 2011 at 11:33am

      Wow is he picking and choosing his words around these 2 topics carefully!

      Report Post »  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:26am

    but your economic policy is making the mess worse..

    Report Post »  
  • EqualJustice
    Posted on October 6, 2011 at 11:23am

    I can barely keep mself from throwing shoes at the TV! Such a bunch of BS and BLAME and I ME MY

    Report Post » EqualJustice  
    • cece959
      Posted on October 6, 2011 at 11:41am

      Me too.

      Report Post »  
    • Want our country back
      Posted on October 6, 2011 at 11:43am

      Me too, I‘m glad I’m wearing my Dearfoam slippers…. LOL

      I can hardly contain myself…. We had better make sure this idiot doesn’t get re-elected

      GOP – 2012

      Report Post » Want our country back  
    • Rillobymorning
      Posted on October 6, 2011 at 2:12pm

      Which is why I just can’t watch. I find myself screaming “liar, liar” and get so P..O’d, I can hardly stand it.

      Report Post »  
  • matinva
    Posted on October 6, 2011 at 11:23am

    It gets increasingly embarrassing for this guy to keep repeating the same worn out crap that has never worked anywhere. Notice that all the jobs he talked about ‘creating or saving’ were government jobs? The police and firemen laid off, the teacher, blah blah blah.
    Memo to liberals: No jobs created by this fool are going to be around long unless you get off the backs of the private sector and allow them to grow. Government creates NOTHING! Government only exists because there is a private sector to TAX.

    Report Post » matinva  
  • Want our country back
    Posted on October 6, 2011 at 11:22am

    Watching his lying mouth and screaming at the top of my lungs at the TV
    It took 13 minutes to answer the first question
    Democrats have been in power for the past 5 years…. why weren’t the bridges, teachers, firemen , policemen taken care of before now. ******* away billions on GREEN jobs is the reasons that there is no money for his wish list. It‘s Bush’s fault!!!!

    God help us – GOP 2012

    Report Post » Want our country back  
  • LibertyWon
    Posted on October 6, 2011 at 11:19am

    Per Obamas own estimates stated in the q&a portion of the press conference, this should create 1.9 million jobs. Do the math, that’s $235,000 per job. A 5 year old could explain this failure, not to mention that all jobs Obama mentioned paint this to be a Union payback deal.

    Report Post »  
  • Harpotoo
    Posted on October 6, 2011 at 11:19am

    Lie after lie after lie is all that flows out of this stink oil salesman!

    Report Post » Harpotoo  
  • SHOESHINEBOY
    Posted on October 6, 2011 at 11:18am

    don’t need to…already know what he is going to say…
    pass this bill now
    tax increase…
    millionaires and billionaires
    shared sacrifice
    pass this bill now
    tax increase
    millionaires and billionaires.
    pass this bill now
    etc..etc..etc…
    S.S.D.D..

    Report Post »  
  • wildwood
    Posted on October 6, 2011 at 11:16am

    WILL HE TELL THE SENIORS WHAT THE AMOUNT IT IS GOING TO COST THEM ,ITS A LOT!!!
    Seniors check out Daily Caller and you will find out and start alerting all your senior friedds!!!!

    Report Post »  
  • Harpotoo
    Posted on October 6, 2011 at 11:13am

    There he goes LYING again. Hate this 1/2 white POS!

    Report Post » Harpotoo  
  • TheDailyAccount
    Posted on October 6, 2011 at 11:12am

    Make-up does wonders. Pinocchio’s nose is growing and you hardly see it. This jobs bill is not even close to paid for. If government spending equates to jobs, there should be no unemployment after each of Michelle’s vacations.
    http://www.thedailyaccount.com

    Report Post » TheDailyAccount  
  • Harpotoo
    Posted on October 6, 2011 at 11:12am

    There he goes blaming everyone else again! FAIL!!!

    Report Post » Harpotoo  
  • TRONINTHEMORNING
    Posted on October 6, 2011 at 11:09am

    The marxist, socialist, prevaricator-in-chief speaks! Go away thief! Fade away sir, fade away.

    Report Post »  
  • Rothbardian_in_the_Cleve
    Posted on October 6, 2011 at 11:07am

    If republicans were smart they’d accept the Millionaire Tax for a hard cap on spending. Watch the liberals (R&D) scramble. Republican suck at parlimentary tactics.

    Report Post » Rothbardian_in_the_Cleve  
    • EqualJustice
      Posted on October 6, 2011 at 11:28am

      They TRIED to get the SENATE to vote on it, AS IS.. and Dirty Harry said NO.. THEY DIDN’T HAVE THE VOTES!!! So now BLAME THE MAJORITY in the SENATE, not Congress. I thought that was a clever move!~

      Report Post » EqualJustice  
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