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Reaction to President Obama's Speech
posted 02/09/09 10:52 pm
Channel 7 News - Reaction to President Obama's Speech
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Little Rock, AR - Millions of Americans watched the President's news conference tonight, including right here in the natural state. At one local restaurant the televisions are usually turned to a ballgame, but Monday night, customers stopped to hear how the President hopes to rescue the economy, something especially important to some Michigan workers who were laid off earlier this year when their company closed a parts plant to expand the one right here in Arkansas.  Now, they're here training others to do their jobs. 

Glenn Feldhouse listens to the President's pitch to bolster the economy, but he's still skeptical.

(Glenn Feldhouse, Michigan)  "I hope it works. I'm not sure if it's all the right ways of going about it.  If it gets me my job back in Massachusetts or a job, I'll be more than happy to go for it.”

Others watching the news conference say they feel encouraged by President Obama’s words.

(Carol Heavin, Mabelvale) "It may take a while. It may take a couple years. We've all got to be prepared to do what we can to help better ourselves."

(Kathy Burl, North Little Rock) "I like his ideas, but he inherited a big mess and it's going to take time."

New York Times Washington correspondent and author David Sanger talks about all Obama has "inherited," at the Clinton School of Public Service, Monday. He says the economy can't be fixed by a stimulus package alone, the banks have to loosen up on lending.

(David Sanger, Author “The Inheritance”) “It's one thing to have congress offer you $15,000 in a tax credit if you buy a new house, but if you can't get the loan for the house, it doesn't do you much good."

Sanger also reminds people even if congress approves the 838 billion dollar measure, results won't be immediate.

(Sanger) “The economy spent a year and a half getting into this mess. Expecting a fast turnaround isn't realistic."

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