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Obama Plans $200B Boost to Consumer Confidence

by Scott Ott for ScrappleFace · 33 Comments · · Print This Story Print This Story

(2009-01-08) — With U.S. consumer confidence near historic lows, President-elect Barack Obama today plans to announce an increase in his $800 billion economic stimulus package, adding another $200 billion to pay for confidence-building classes for all Americans.

“Like most economic problems, the real challenge is mental,” Mr. Obama will reportedly say during an address at George Mason University. “But the only thing we have in which to lack confidence is lack of confidence itself.”

Across the nation, the Obama administration will set up “attitude boot camps” to teach people how to ignore facts and “place their hope in change that we can believe in.”

The program is based on the successful strategy employed by the Obama for America presidential campaign, which combined professional stagecraft, appearances by celebrities, free concerts by pop stars and soaring rhetoric, to persuade a majority of voters that they could place confidence in a rookie senator to serve as commander in chief.

“For those of you who have been to leadership and team-building seminars,” he said, “think of this $200 billion as an investment in one huge national trust fall.”

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Tags: Business  · U.S. News

33 responses so far ↓

  • 1 RedPepper // Jan 8, 2009 at 11:05 am

    Sorry, O-Man. 200B is chump change!

    Talk trillions if you want to stimulate me !

  • 2 mig // Jan 8, 2009 at 12:26 pm

    Man it’s been so long since I posted I forgot about Captcha and wondered why nothing was coming on the screen. What a dolt.

    But what i wanted to say was in response to Red Pepper:

    Here is your chump change expenditures:
    The gala debutant coming out party for Obama and the invited guests of America.

  • 3 woodnwheel // Jan 8, 2009 at 12:41 pm

    “But the only thing we have in which to lack confidence is lack of confidence itself.”

    ROFL!

    WV: crazed thing — apropos, non?

  • 4 Left Coast-Right Mind // Jan 8, 2009 at 12:46 pm

    In Obama’s Consumer Confidence (Re-)Boot Camps, you can take courses such as:

    “Money: It might make the world go ’round, but you don’t need any.”

    “Change: Look for it in your sofa cushions, the ashtray of your car, in public fountains, etc. … then hand it over to your nearest government official.”

    “Spending Habits: You buy food, clothing and shelter … anything beyond that is just being greedy.”

    “Survival of the Fittest: How to live on what your duly elected government allows you to have.”

    “Your Paycheck: The tax deductions we take out might look like a lot, but without job skills of our own, how else are we going to get by?”

    And many, many more. Enroll now, or the Barack Obama Obedience Militia (B.O.O.M) will kick in your door and sign you up “manually”.

  • 5 onlineanalyst // Jan 8, 2009 at 1:40 pm

    Ah, I see. The DC after Washington stands for Dale Carnegie. At 200 billion for the total package, that’s an attitude adjustment that will buy a number of fools.

    DC= Delusional Claptrap

  • 6 conserve-a-tip // Jan 8, 2009 at 2:00 pm

    Oh, this is good! And your comments are great. What a hoot. Too many quotes to applaud. I’ll just have to memorize them all.

    Norman Vincent Peale’s Power of Positive Thinking has nothing on Obama’s covert Thinking of Positive Power.

  • 7 conserve-a-tip // Jan 8, 2009 at 2:15 pm

    Oh yeah. Before I forget. GOOOOOO SOOOONERS!!!!

  • 8 Godfrey // Jan 8, 2009 at 3:09 pm

    Hey, just logged on and saw that our boy is back in action. Welcome home, Scott!

  • 9 everthink // Jan 8, 2009 at 3:19 pm

    Nice rug.

    11 days!

    ET

  • 10 conserve-a-tip // Jan 8, 2009 at 3:31 pm

    No, no…Neverthingsk! It’s today!! Rejoice. All Hail the Obama. He went ahead and took office and spoke today promising us that the government is going to spend us into oblivion prosperity. I know that’s worked for my budget. What’s this? His own minions are balking? Yep, Neverthingsk. We usually get what we ask for!

    Wait a minute. I thought that he told the Muslims that he couldn’t comment on the Israeli stuff because there can only be one president at a time setting policy. Hmmmmm.

  • 11 conserve-a-tip // Jan 8, 2009 at 3:33 pm

    Oh no! The Democrats in the Finance Committee have emerged stating that Obama’s plan is unworkable!!! What do we do? He’s the only one with the answers and if he doesn’t have the answers, who does? He is the Obama, the mighty one, the Spider Man, the annointed. The world is coming to an end. Help?

  • 12 JamesonLewis3rd // Jan 8, 2009 at 5:17 pm

    Another Home Run for Scott Ott!

    I want some Leftist behind me for a “trust fall.” Not.

  • 13 RepublicanAttackMachine // Jan 8, 2009 at 5:25 pm

    Oh no. I think an “error code” ate my post! :lol:

  • 14 everthink // Jan 8, 2009 at 6:07 pm

    Dumbyah has a trillion dollar deficit during the current year, still you right-wings wackos say the economy is “fundamentally sound”!

    Please, sit down, your ignorance is annoying.

    ET

  • 15 RedPepper // Jan 8, 2009 at 7:05 pm

    Godfrey #8: Good to see you back here as well.

  • 16 upnorthlurkin // Jan 8, 2009 at 7:16 pm

    …and almost anyone educated in the public school system before 1995 knows congress controls the checkbook….(I’d bet everyone educated in the private school system save those on the elite east coast knows the same…) We’re all waiting for your Dumbo, the supreme intellect that you believe him to be, to solve literally everything! Personally, with well below average temps, I’m waiting to see his solution for heating our homes once he bankrupts the coal fired power plants……

  • 17 camojack // Jan 8, 2009 at 7:21 pm

    Somehow, frittering away even more money does nothing to inspire (let alone boost) this consumer’s confidence… :-(

  • 18 onlineanalyst // Jan 8, 2009 at 7:25 pm

    And the solution is to generate a bigger deficit in order to redistribute the “pieces of pie” and bankrupt future generations to serfdom?

    The Pied Piper has “hoodwinked” a lot of you bots, et, to use Obama’s own words (just words).

    The Hope’n'Change fella, along with his Dem enablers, ignores entitlement debts in SS, Medicare, and Medicaid at his (and our nation’s) peril. Congress members were warned, just as they were alerted to the out-of-control leveraging with Fannie and Freddie.

    You mzy deplore Karl Rove, but he spells out in today’s WSJ a number of details re fiscal mismanagement by our Congress and how President Bush could not rein in the purse (because virulent BDS kept the lawmakers from acting in the best interests of the country.

    Just remember: Defense and national security are a very small part of the federal budget in comparison to all of the other social entitlement programs… and the latter are not even the responsibility of the federal government.

  • 19 JamesonLewis3rd // Jan 8, 2009 at 8:01 pm

    The Fundamentals of the Economic System of the United States of America are Sound—and proven.

    Socialism and Communism are both proven to be unsound systems. That’s why Putin sounds like a moron when he pines for the good old days. Although he sounds like a genius compared the Leftist Utopianists.

  • 20 Left Coast-Right Mind // Jan 8, 2009 at 8:18 pm

    In 11 days, President-elect Barack H-word Obama inherits a $1 trillion deficit. His winner of a plan is to neatly stack another $1 trillion, in new spending, on top of it. This is called competence.

    We can’t drill our way out of an energy crisis, but we can sure enough spend our way out of a deficit.

    Wait, I forgot. The (D) after Barack H-word Obama’s name makes all the (D)ifference.

    My bad.

    Carry on.

  • 21 baragirl // Jan 8, 2009 at 11:18 pm

    There is a song”You Always Hurt The One You Love ”
    Now does Scott Ott’s new soon-to-be-best seller mean we have to love Everthink, or do we get to HURT him first?
    I already feel so very sorry for him,and I do pray for him ,but I need that book to find out how to love him.

    prettyold

  • 22 Fred Sinclair // Jan 8, 2009 at 11:19 pm

    RedPepper #1

    “Sorry, O-Man. 200B is chump change! Talk trillions if you want to stimulate me !”

    Words tossed about like “billion” and “trillion” never meant a lot to me since I couldn’t relate to such astronomical figures.

    But then I saw a video some while back that clarified it for me. I wish I still had it. I think it was made to illustrate for people like me and those in Rio Linda just what a trillion dollars looked like.

    First was a close-up of an opened attache case that was filled with $100.00 dollar bills totaling one million dollars, 10x$100,000.00 = 1Million.

    Next was a Peterbuilt Semi with the back opened showing a solid wall of attache cases, it said the truck contained 1000 attache cases each containing 1Million. or 1000×1Million (1 thousand million) = 1Billion.

    Finally there was a helicopter overflight of the nation’s largest “Truck Stop” (Iowa 80 Truck Stop, over 200 acres open 24/7) where there was over a thousand Semi’s.. Now imagine that each one of these semi’s contain a thousand attache cases or 1000 trucks x1Billion (1 thousand billion) = 1Trillion ($1,000,000,000,000.00) - it sure altered my perspective.

  • 23 everthink // Jan 9, 2009 at 1:47 am

    Babbs,

    How about “These Hoofs Are Made For Walking”?

    ET

  • 24 RepublicanAttackMachine // Jan 9, 2009 at 3:30 am

    The stock market was down again today, but the stocks I bought after Obama was (S)Elected, (by ACORN), in November continue to rise almost daily!

    I don’t know why. They are a small company located in Chicago, that gave campaign money to Obama, yet they are a simple company that only makes green ink, “currency paper”, and printing presses.

    I have been told they expect the stock to triple during the next four years!

  • 25 RepublicanAttackMachine // Jan 9, 2009 at 3:47 am

    Maybe Obama is going to use some of the money to bailout Larry Flint and the porn industry? Not a joke, Flint and Joe Francis, (Girls Gone Wild), have actually asked for bailout money! How sick is that? Iy IS a CNN story, but I think this one is true. :lol: http://politicalticker.blogs.cnn.com/2009/01/07/porn-industry-seeks-federal-bailout/

    Off topic: I wonder if technology in a few years will allow us to “see” who people are on the Internet through archive posts?

    Interesting thought. Then we will be able to “see” who these morons are that think they are anonymous when they post, and because the post remains forever, they cannot delete or erase it.

    Years ago, police had to get a “trace” on a phone call to see where it was coming from. Now with caller ID, it is instantaneous.

    Maybe the tech of the future will allow “us” to see the trolls and where and who they are? After all, the guv’mint ALREADY can and DOES!

  • 26 RepublicanAttackMachine // Jan 9, 2009 at 3:49 am

    a gentle nudge for my last post!

  • 27 RepublicanAttackMachine // Jan 9, 2009 at 4:03 am

    Next bailouts:

    “Air America”, followed by the “Pet Rock Industry”.

    I need a bailout for the property tax I pay each year, on the house I paid 30 years to supposedly own!

    Or the 9% Indiana sales tax charged at restaurants and drive through’s. My GOD only asks for 1% more!

    Keep in mind, two of those cents per dollar are to “pay” for sports arena’s that do NOT exist anymore, Market Square Arena, demolished in 2001, and th RCA Dome imploded last month.

    Both have been replaced by Conseco Fieldhouse, and Lucas Oil Stadium, respectively, and BOTH have added their NEW tax cents to the sales tax!

    The guv’mint never gives back, -unless you are a minority, illegal, or rich, lib politician!

  • 28 JamesonLewis3rd // Jan 9, 2009 at 8:00 am

    A wheelbarrow overflowing with gold coinage was once my image of a fortune.
    Unca Scrooge wallowing in fortified silos of gold coinage.
    Now, a 100-mile-long train load of gold coinage is but an annoyance; a drop in the bucket.

    If I’m not mistaken, all of the gold mined in the history of the planet would make a 50-foot cube. It’s been a while since I learned that, so it is probably closer to 51-foot now. Or, I’m totally wrong.

  • 29 Hawkeye // Jan 9, 2009 at 9:07 am

    Wow! I’m “stimulated” just thinking about it… (crickets chirping).

    :smile: Best regards all…

  • 30 Fred Sinclair // Jan 9, 2009 at 9:31 am

    JL3rd #28 - Actually you’re not that far off.

    I found bwo dogpile, just now:

    Stuff You Didn’t Know
    All of the gold ever mined could be molded into a 60 foot cube.

  • 31 upnorthlurkin // Jan 9, 2009 at 11:26 am

    Anybody hear from Ms. Rightwing lately?! Last I heard, she was on her way to the ER….

  • 32 gafisher // Jan 9, 2009 at 1:38 pm

    “… one huge national trust fall.”

    Obama was open in his hope to emulate Franklin Roosevelt; how fascinating that he’s also picking up Teddy Roosevelt’s “Trust Buster” title.

  • 33 baragirl // Jan 10, 2009 at 5:33 pm

    B HO busted my trust the first time I heard him talk.

    ET, my hooves are made for kickin’.

    prettyold

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