By GottaLaff
President Obama is speaking right now, at a town hall meeting. He's discussing the Recovery Act:
There are 3 parts. I know a lot of people think it's the govt. wasting money... but here's where the money went:
1/3 for tax relief for YOU, for families and small businesses. [applause] 95% of you got a tax cut, you may not notice it, because it appears in your pay check instead of lump sum. That's what our economists advised us to do.
MSNBC cut away. On CNN now.
We kept a campaign promise to give you a tax cut that showed up in your paycheck about 3 mos. ago. We also cut taxes on small businesses' investments. Growing govt? We are actually giving you your money back.
Another 1/3 = emergency relief during Recession. Unemployment benefits expanded. [applause] 12 million Americans benefited. We're making health insurance 65% cheaper (Cobra) for those looking for work. If you lose your job, you can use Cobra while looking for work. [applause]
For states who face historic budget shortfalls, we provided assistance that saved 10s of thousands of jobs for teachers, police, fire fighters...
That's 2/3 of the money, and w/o it, things would be a lot tougher, states would have to make more cuts.
3rd 1/3 = Critics will jump on "investments"... But this third is for short AND long term investments. Not wasted $, we're seeing results. He's listing renovations, construction examples, transit, maintenance, water treatment plants, other projects, employment, etc.
Some critics in Washington say we've been too slow to start these projects...go faster... That's impossible, because we had to be sure that we invested in projects that would create jobs, jump start economy. We KNEW it would take a few months to do it right.
We won't rest until you all find jobs. And we're stopping the economic free fall. THAT is the story of the first 6 mos. It takes time to do this. These same critics contributed to deficit I inherited when I took office. [huge applause]
Seriously, I'm now pres. so I'm responsible for solving it, but we shouldn't have a selective memory for spending habits. You complain 6 mos. later because we haven't paid the trillion dollar bill back... A debt partially result of 2 tax cuts for wealthy and a Medicare drug program that wasn't paid for! These are the same folks who complain we can't pay for health care, you handed us a program you didn't pay for!
Because of that debt, people say we can't do health care, too much debt/deficits. I get that. We dug ourselves a deep hole, recovery package added to it. We can't do it as we come out of recession... so let me explain why the health of America demands health insurance reform.
[What? Health INSURANCE reform?]
Government will NOT take over. You can keep your plan. THESE FOLKS NEED TO STOP SCARING EVERYBODY. [applause]
If you already have insurance, the plan will help you, provide stability and security.
We will stop insurance companies from denying those with preexisting conditions. That will no longer be allowed. [huge applause]
Insurance co's will have to abide by yearly cap on expenses, no one should go broke because of an illness.
Must cover routine check ups, preventive care, like mammograms, colonscopies.
No more dropping/watering down coverage for someone who's become seriously ill.
Whether or not you have insur. right now, the reforms will bring security and stability that you don't have today.
Boils down to a choice: Double health costs over decade, millions more uninsured, bankrupt state/fed govts, and allow insur. co's to run roughshod over insured: That's called the status quo. Your premiums will double over next 10 years, bigger chunk of paycheck would go to insur., eat into possible job raises, and Medicare would be more vulnerable, in the red. STATUS QUO. That's why I'm taking on health care. I don't like that option. That's what we have right now.
Other option: Gradually bring costs down, quality, availability... Will my presidency be damaged if I do this? I have health care. This isn't for me. This is about lives, the future. I want our kids to look back and see this is when we took politics out of it, did something about it!
Q and A: Next post.
Call me crazy, but I'm guessing that this distraught commenter wouldn't be too broken up over the news of the two UK guys getting a pass.