First, Obama, who led us to believe he had the right prescription for America, announced a $775 billion stimulus for America could quickly grow to $800 billion.
"We've seen ranges from $800 (billion) to $1.3 trillion," he said in an exclusive interview with CNBC's chief Washington correspondent John Harwood. "And our attitude was that given the legislative process, if we start towards the low end of that, we'll see how it develops."
No wonder the financial wizards on Wall Street went untethered and sans oversight. If any sound business plan had a $500 billion caveat most economists would laugh over more than one round of spirits. Do you realize the entire package for the banking industry was $700 billion? The $500 billion differece only represents 14.8% of the people being affected
ABC news reports "President Obama went directly to the public today in his first weekly address since moving into the White House, making the case for his nearly $1 trillion stimulus package that he hopes to sign next month."
"We will double our capacity to generate alternative sources of energy like wind, solar, and biofuels over the next three years," Obama said.
I challenge any of you to tell me that wind and solar appear in this document more than eight times in 647 pages. The significance of their appearance falls short of the expectations expected by those who read them in this document.
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