Money Plays, Money Pays

Obama's weekly YouTube is once again pretty dire. The President warned that his stimulus package needs to pass, or America's in trouble.

"We begin this year and this administration in the midst of an unprecedented crisis that calls for unprecedented action," he said in his weekly radio and Internet address.

"Just this week, we saw more people file for unemployment than at any time in the last 26 years, and experts agree that if nothing is done, the unemployment rate could reach double digits," Obama said.

The president pleaded for urgent action, saying, "if we do not act boldly and swiftly, a bad situation could become dramatically worse."

Obama's remarks came as he is lobbying for a quick congressional passage of a $825 billion dollar stimulus package to pump up the economy.

Obama's been repeating this almost daily now. Does it matter in the end?



The rhetoric is right, the scope is too small. We'll see.