Tuesday March 24, 2009




The Washington Post recapped today's press confrence that Obama held addressing the congress about the economic recession, his administration's recovery strategy, and other current events during the first 60 days of his presidency. President Obama sought to reassure Americans today that his administration has made progress in reviving the economy and said his $3.6 trillion budget is "inseparable from this recovery." During this time obama has delt with backlash from republicans that beleive his blueprint is irresponsible, and also heard from skeptical Democrats who have already set about trimming back his top budget priorities. obama later stated in response to all the budget criticism saying "We never expected, when we printed out our budget, that they would simply Xerox it and vote on it. We assume that it has to go through the legislative process. . . . I have confidence that we're going to be able to get a budget done that's reflective of what needs to happen in order to make sure that America grows." we shall see, all we can do now is wait and hope there is hope to that blueprint of his.



The NY Times also had a simlar story regarding the press confrence held today, but decided to give a different twist. this article relayed more to the housing situation and explaing the values of houses and what exactly is taking place. Obama stated "We’ve already seen a jump in refinancings of mortgages as homeowners take advantage of lower rates. And every American should know that up to 40 percent of all mortgages are now eligible for refinancing. This is the equivalent of another tax cut, and we’re also beginning to see signs of increased sales and stabilizing home prices for the first time in a very long time." Im in the process of looking for a home and i can definitely agree that alot is available and so many availble for refinancing, so other persons lost as become many others gain.



The LA times also reported the same story, obviously the press confrence was the big hit of the day. this article zoomed in on the question that was asked about Obama's plans as far as efforts by the U.S. to combat the growing violence unleashed in Mexico by drug cartels and whether Obama feels they are a threat to US security. Obama replied saying "The Obama administration this morning unveiled an ambitious multi-agency plan to help Mexico attack the growing problems created by powerful Mexican drug cartels, vowing to send U.S. money, manpower and technology to the southwestern border as soon as possible." Obama later praised Mexican President Felipe Calderon, calling him "courageous" for his efforts to fight the cartels.