Article 1 Section 8 of the Constitution...

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;

To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;

To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

To provide for the punishment of counterfeiting the securities and current coin of the United States;

To establish post offices and post roads;

To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;

To constitute tribunals inferior to the Supreme Court;

To define and punish piracies and felonies committed on the high seas, and offenses against the law of nations;

To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;

To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years;

To provide and maintain a navy;

To make rules for the government and regulation of the land and naval forces;

To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions;

To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;

To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--And

To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.

Five days.......... way to go Obama........and team! He may just save capitalism from itself

And Congress at the time was overwhelmingly Republican! While it was, for 6 years, Bush didn't use a Presidential veto 1 time. Not Once.
When the Dems gained a small Majority, the last two years, he used it more than 2 dozen times. Knowing the slim majority had no chance of over-riding his veto.
The entire 8 years and everything Obama, and America, was left to deal with is all on the Republican Party.
We will be seeing, feeling, and correcting the damage they did to America for years!

exactly. that's the part of this nobody seems to understand. it's very possible to spend our way out of this recession and I believe that we will eventually do that. The problem is at what cost? China is already getting weary of our borrowing and I don't believe there is any more than maybe another trillion on that line of credit before they say 'enough.' If we again double our national debt, what if we cannot get any more money? As it sits, even when/if Obama ever halves the deficit as promised, it will still sit significantly above the deficit of the first 7 years of the Bush administration (6 of which were completely Republican controlled). What do you do when you increase the size of government and run out of money?

The fact of the matter is, even if we do buy our way out of this, it still can be an utter failure. Postponing a problem (like we are now doing) is not success. Success would be fixing the root of the problem. We are not doing that. Obama's adminsitration is just perpetuating the failed methods of the past and in the end, we will have the exact same problem as before.

I guess the bright side is that if we pull out on his watch, the ignorant will credit him immediately and he'll be re-elected. Then, when the recession comes around again and it's just as bad or worse, we can fully pin it on his policies.

Another note, with economic cycles, you have a 6 month minimum reaction time. So if we start pulling out now, for the next few months, it's not because of Obama's policies. Nothing is that immediate in economics. Also, the blue chips are a weak indicator of the economy as a whole. The thing to look for is unemployment falling - not slowing, falling - as that usually follows the economy by 3-4 months and that will mean we are in the upswing.

And Congress at the time was overwhelmingly Republican! While it was, for 6 years, Bush didn't use a Presidential veto 1 time. Not Once.
When the Dems gained a small Majority, the last two years, he used it more than 2 dozen times. Knowing the slim majority had no chance of over-riding his veto.
The entire 8 years and everything Obama, and America, was left to deal with is all on the Republican Party.
We will be seeing, feeling, and correcting the damage they did to America for years!

my point is...you keep laying everything from tax cuts to the war in Iraq at the feet of George W. Bush...but...as we know...the Congress...regardless of who's in control...pulls all the strings...

Actually, I heard that the government has not thrown enough money at the problem. They say we need to spend a trillion or more to really get the recession to reverse. Financial experts have said this but I know all of us are hoping we can pull through with the amount they used instead of throwing more money at it.

7 days

I agree somewhat with your comments yes we need to rebuild our manufacturing base that is the core for prosparity.

No, manufacturing is not the core of our prosperity. I said nothing of the sort. We need to rebuild our fiscal base. We must stop living above our means just because we can. If manufacturing can be done overseas, so be it. If it's less expensive to businesses, then our costs will stay low. if you import those jobs here and they cost more to do, well, then you're going to see a hike in the cost of that good too.

Outsourcing is an absolute necessity in today's economy. Without it, cost-push inflation shows it's ugly head and the cost of everything goes up. Bringing those jobs back now is not the answer to our problem. unemployment is normal in a recession - what we truly need to do is fix the base of the pyramid - fiscal responsibility across the board. Doing that will lessen the fall next recession and unemployment will not rise nearly as far.


As much as you may disagree, I believe our outsourcing and globalization has saved us from the next great depression. Though if you disagree, back it up. i have to go visit my mom at the hospital and will explain later.

Government is not the solution to the problem it is the problem. Obama,Polosi,Emanuel,Reed are all srewing America and shifting blame to "greedy companies". They are attempting to destroy free market capitalism while they lie to the American people. They are Socialists and so are many of you. What are you gonna do when you run out of other peoples money? Capitalism has created the opportunity for everone reading this to not have to stand in line for government cheese or toilet paper. America has the best healthcare system in the world bar none. You are all being fed a pack of lies. Most of you are believing every one of them. The stimuls(PORK)plan has 9000 earmarks of wich no one person knows. Obama did'nt even read it. The AIG bonuses were coverd. Now that we all know about them the government is blaming everyone but themselves. Our founding fathers knew this would happen. We need to all return to conservative values before its too late.