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Bailout

fff

Well-known member
Barack Obama, speaking today about the proposed market bailout at a rally in Charlotte, N.C.:

As of now, the Bush Administration has only offered a concept with a staggering price tag, not a plan. Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform.

First, there must be no blank check when American taxpayers are on the hook for this much money.

Second, taxpayers shouldn’t be spending a dime to reward CEOs on Wall Street.

Third, taxpayers should be protected and should be able to recoup this investment.

Fourth, this plan has to help homeowners stay in their homes.

Fifth, this is a global crisis, and the United States must insist that other nations join us in helping secure the financial markets.

Sixth, we need to start putting in place the rules of the road I’ve been calling for for years to prevent this from ever happening again.

And finally, this plan can’t just be a plan for Wall Street, it has to be a plan for Main Street. We have to come together, as Democrats and Republicans, to pass a stimulus plan that will put money in the pockets of working families, save jobs, and prevent painful budget cuts and tax hikes in our states.
 

VanC

Well-known member
fff said:
Barack Obama, speaking today about the proposed market bailout at a rally in Charlotte, N.C.:

As of now, the Bush Administration has only offered a concept with a staggering price tag, not a plan.

Am I the only one who sees the irony in this statement, considering who made it? :lol:

Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform.

First, there must be no blank check when American taxpayers are on the hook for this much money.

Second, taxpayers shouldn’t be spending a dime to reward CEOs on Wall Street.

Third, taxpayers should be protected and should be able to recoup this investment.

Fourth, this plan has to help homeowners stay in their homes.

Fifth, this is a global crisis, and the United States must insist that other nations join us in helping secure the financial markets.

Sixth, we need to start putting in place the rules of the road I’ve been calling for for years to prevent this from ever happening again.

And finally, this plan can’t just be a plan for Wall Street, it has to be a plan for Main Street. We have to come together, as Democrats and Republicans, to pass a stimulus plan that will put money in the pockets of working families, save jobs, and prevent painful budget cuts and tax hikes in our states.

More nice words, which I concede he's very good at. Where's HIS plan?
 

fff

Well-known member
VanC said:
fff said:
Barack Obama, speaking today about the proposed market bailout at a rally in Charlotte, N.C.:

As of now, the Bush Administration has only offered a concept with a staggering price tag, not a plan.

Am I the only one who sees the irony in this statement, considering who made it? :lol:

Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform.

First, there must be no blank check when American taxpayers are on the hook for this much money.

Second, taxpayers shouldn’t be spending a dime to reward CEOs on Wall Street.

Third, taxpayers should be protected and should be able to recoup this investment.

Fourth, this plan has to help homeowners stay in their homes.

Fifth, this is a global crisis, and the United States must insist that other nations join us in helping secure the financial markets.

Sixth, we need to start putting in place the rules of the road I’ve been calling for for years to prevent this from ever happening again.

And finally, this plan can’t just be a plan for Wall Street, it has to be a plan for Main Street. We have to come together, as Democrats and Republicans, to pass a stimulus plan that will put money in the pockets of working families, save jobs, and prevent painful budget cuts and tax hikes in our states.

More nice words, which I concede he's very good at. Where's HIS plan?

What's anyone's plan? I haven't even seen the Bush plan yet. Leaks seem to indicate it's a "bail out the greedy wall street SOBs; shaft the working homeowner; and don't bother anyone with new regulations that might stop a repeat of this disaster." :shock: And, of course they bring the plan to Congress five days before a recess, trying to rush it through without serious review.
 

Sandhusker

Well-known member
He wants to prevent tax hikes? His running mate just said that we need to help out, be patriotic, and pay more taxes! Maybe these two should get on the same page - or are they just pandering for votes with some good 'ol populist lip flapping?
 
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