Liveblogging the President’s Press Conference
Rory Cooper /
Tonight, we will be liveblogging President Barack Obama’s second primetime news conference. In his first news conference, President Obama fielded a small amount of questions ranging from the economy to Alex Rodriguez and gave ten minute answers to each one. We’re hoping for shorter answers tonight so reporters will have more opportunities to hold the President accountable for his massive tax and spend budget, his continued embrace of government bailouts and intervention in our lives and businesses and to ensure that the President, Speaker Pelosi and Majority Leader Reid slow down and allow the American people to see the laws they are passing that pay the mortgages of the irresponsible and create huge national spending plans for health care, education and energy. The stimulus bill passed with barely a person having read it, leading to the AIG bonus mess, how many more bills will pass without oversight?
Hit the Refresh button on this page to get the updates. We’ll timestamp our updates so you can follow along at home. Enjoy.
8:00: The President is making his way to the podium. No teleprompter in view but sources at the White House confirm (and twitpics support) that there is a head-on teleprompter in the back of the room.
8:02: “strategy… to help responsible homeowners” Responsible homeowners do deserve relief, he’s right. Unfortunately, the Housing bill that he, Pelosi and Reid want to pass crams down irresponsible mortgages. It destabilizes the entire housing industry by allowing bankruptcy judges to unilaterally renegotiate the principle on defaulting mortgages. I don’t think high interest rates, closing costs and an unstable housing market is the relief Americans are looking for.
8:02: 95% of Americans will in fact have their taxes raised due to the extraordinary “carbon tax” that will raise household costs between $600 and $1200 a year.