Livebloggin' Obama at Facebook

Palo Alto Patch is inside Facebook Headquarters awaiting Obama's Town Hall event here. 

3:05PM

Obama shakes hands and departs stage right.

3:01PM

Addressing the frustrations of people from his election campaign, Obama says, "Weve been through tougher times before. We’ve always com eout ascendant. We’ve always come out on top."

Zuckerberg: it’s such an honor to have you here. Hands him a black Facebook hoodie "so that you can dress like me."

2:59PM

Final question: if you could have done anything differently in your first four years, what would it be?

Obama: well it’s only been 2.5 years, so I’m sure I have a lot more mistakes to make!

Says that passing Health Care Reform may have been able to have been done more quickly and in a way that didn’t frustrate the American people the way that it did. He asks himself if that could have been possible. He says he’s not so sure.

Another way to answer the question: what else does he have to get done in this term. Balanced budget, immigration reform, energy. $4/gallon gas really hurts a lot of people around this country. “It’s not because theyr’e wasteful,” but may simply be stuck with “the beater you’re driving around that gets eight miles per gallon.”

“This is the reason why I’ve said that it is so important for us to invest in new approaches to energy. We’ve got to have a long-term plan.” Investing in solar and wind. Biofuels. Clean car technology. Converting entire federal fleet to fuel-efficient vehicles. That can help boost demand and drive down prices. Continue to increase fuel-efficiency standards on cars. Increase oil production in an intelligent way."

“The treasury loses $4 billion a year to subsidies to oil companies. Now think about this.  The top five oil companies have made $75 -125 billion in the last five years. Nobody’s doing better than these guys. Well, maybe Facebook’s doing better. They don’t need tax breaks. Why can’t we eliminate tax breaks to the oil companies and invest it in clean energy?”

2:54PM

On Health Care:

Obama is lamenting the lack of electronic health records. Everything is still done on paper, so, for example, your primary care physician will take tests that don’t get shared with a specialist, and then your specialist will order the same tests. Your primary doc could have just email the results, but instead you got charged twice.

“Providing some incentives for the front-end investments for a community hospital” to get a system of this online needs to be a top priority. Says the VA health system has already done this and has “achieved huge cost savings.”

Also says we need to correct doctor reimbursements. Medicare, for example, can get billed over and over again for bad medical treatments that have to be repeated/corrected. There is no incentive for medical provider to get it right the first time. Says it’s like taking your car to a repair shop and then, if the shop doesn’t fix your car, having to pay them again and again for the same fix.

Says his Health Care Reform legislation will start addressing these concerns.

2:39PM

Question from Facebook employee:

Is this a time for boldness vis-à-vis a budget plan? Is your budget plan bold enough?

Obama: "The Republican budget that was put forward is fairly radical. I wouldn’t call it particularly courageous.”

Says that he thinks Congressman Paul Ryan is “sincere, and wants to solve our long-term fiscal challenges,” but he and others in Congress want to “change our social compact in a fundamental way.”

Their view, Obama says, is that despite the fact that he benefits from college scholarships, his mother from food stamps, his grandparents from Social Security, etc., their feeling is that “despite the fact that I benefited from all this, that I have no obligation to care for the people” that are next in line.

“Ryan wants to further reduce taxes for corporations, cut 70% out of clean energy, 25% from education,” and more.

“I guess you could call that bold. I would call it short-sighted.”

“Nothing is easier than solving the problem on the backs of people who are poor, people who are powerless, who don’t have lobbyists and don’t have clout.”

2:29PM

On Dream Act: Obama says we don't want these kids "starting the next Intel in China. We want them starting it here." Says lots of immigrants are also "working in the shadows" in agricultural fields, restaurants and looking after our kids. But they feel "locked out" of their surroundings. They should take responsibility for their crime, pay a fine, learn English, but there should be a pathway for them to get legalized. We need a secure border, and a streamlined naturalization process. This is all "what we call comprehensive immigration reform."

Obama gives props to Nancy Pelosi for advancing immigration reform, but bi-partisan support is needed in order for it to pass. Encourages the crowd to tell their elected officials to support it. "I can't do this by myself," says Obama.

2:25PM

Question about the Dream Act. Congressional Budget Office says it would reduce deficit by $2.4 billion. Dream Act would offer kids who were brought here by illegal immigrants citizenship. “They’ve grown up as Americans,” says Obama. “Especially for these young people, if they are of good character and going to school or joining our military, they want to be part of the American family, why wouldn’t we want to embrace them?” This comment triggered a smattering of applause.

Obama says this is just one small part of larger immigration challenge.

2:16PM

Second question has to do about mortage crisis. How can you assure that low to moderate [income] homebuyers can afford their first home?

This is the biggest drag on our economy, Obama says.

"I think we’ve got to understand that the days where it was really easy to buy a house without any money down is probably over," adding that he is now concerned with making sure the mortgage crisis doesn’t drag down rest of economy, despite how much more difficult it is to buy a home.

2:08PM

Zuckerberg asks first question: what do we do about the debt?

Obama says the nation faces many challenges, including economic, environmental, energy related and technological, but that "I don’t think there’s a problem out there that we can’t solve if we solve it together."

Obama says that the economy was booming when people like Zuckerberg were, "and I'm trying to say this delicately, still in diapers."

"If we can get $1 trillion on the revenue side and $2 trillion in spending cuts, we can invest again in research," which will lead to breakthrough technologies that allow us to reduce our dependence on fossil fuels.

1:56PM

Sanberg says Obama, with 19 million Facebook 'likes', "we feel like he’s coming home, so welcome home Mr. President." Mark Zuckerberg is taking the stage to uproarious applause.

1:54PM

Sheryl Sanberg has just taken the stage to welcome the audience to Obama's first Facebook Town Hall.

1:51PM

President Obama has arrived at Facebook Headquarters. His motorcade drove up California Ave., avoiding about 200 demonstrators who had gathered on Page Mill Road.

1:49PM

President's traveling press corps has arrived.

1:41PM

Lt. Gov Gavin Newsom, Palo Alto Mayor Sid Espinosa, Rep. Mike Honda, Santa Clara County Supervisor Dave Cortese and State Controller John Chiang are all sitting shoulder to shoulder in the second row.

1:28PM

Air Force One touched down at exactly 1 p.m. POTUS is on the way!

1:20PM

Gavin Newsom is here, as is Palo Alto Mayor Sid Espinosa. Facebook CEO Mark Zuckerberg just walked by. Attendees are being asked to take their seats.

12:53 PM

Cindy Chavez – former Vice Mayor of San Jose – in charge of South Bay Labor Council is talking to Santa Clara County Supervisor Dave Cortese.

Nancy Pelosi (D-California 8th) and Anna Eshoo (D-California 14th) is taking pictures with Facebook employees, and Anna Eshoo is hobnobbing with local press.

12:34PM

About 100 credentialed media have gathered next to about 500 Facebook employees and invited White House guests and are awaiting President Obama's arrival.

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Several demonstrations are being held in Palo Alto and San Francisco today in response to President Barack Obama's scheduled visits to Facebook headquarters and a fundraiser at the Nob Hill Masonic Center.

More than 100 people gathered outside Palo Alto City Hall at 11 a.m. to call for protecting the nation's social safety net while addressing its budget problems. One of the main groups participating was Sacred Heart Community Service, an organization dedicated to addressing poverty in the Silicon Valley.

Unemployed and low-wage workers discussed how proposed cuts to federal programs would affect them. The demonstrators stood before a large banner created in the image of a Facebook page bearing Obama's photo. It read, "Low-income families need help."

CODEPINK, a grassroots peace and social justice movement, also planned a rally at 11 a.m. in front of Facebook headquarters in Palo Alto to speak out against the Obama administration's foreign policy and war funding, event organizers said.

The Act Now to Stop War and End Racism, or ANSWER, coalition, will hold a protest during the Democratic National Committee fundraiser at the Nob Hill Masonic Center in San Francisco at 7 p.m. The group will protest the wars abroad and ask for an end to budget cuts.

The town hall meeting will begin at 1:45 p.m. and will stream on the White House's Facebook page. The actual event with Facebook CEO Mark Zuckerberg will not be open to the public.

Obama will answer questions from the public and discuss his fiscal plan. Last week he said would reduce the nation's deficit by a cumulative $4 trillion over 12 years, in part by cutting defense spending, reducing health care costs and eliminating tax breaks for the wealthiest 2 percent of Americans.

Questions for the town hall can be submitted up to and during the event at www.facebook.com/WhiteHouse or www.WhiteHouse.gov/facebooktownhall.

--Bay City News contributed to this story