1sunfight’s Weblog

September 22, 2008

Obama at North Carolina Rally

We must work quickly in a bipartisan fashion to resolve this crisis to avert an even broader economic catastrophe. But Washington also has to recognize that economic recovery requires that we act, not just to address the crisis on Wall Street, but also the crisis on Main Street and around kitchen tables across America.

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 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.

Read more on Obama economic plan at:

Obama’s Economic Speech in Charlotte, North Carolina, September 21, 2008

CNN

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1 Comment »

  1. […] plan at:. Obama’s Economic Speech in Charlotte, North Carolina , September 21, 2008. More here: Obama at North Carolina Rally accounting-tips, biden, daily-observations, economics, environment, financial, investment, mccain, […]

    Pingback by Obama at North Carolina Rally | North Carolina Modular Homes — September 22, 2008 @ 2:28 pm


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