Obama Calls For "Calm" In Wake Of Bailout Failure
(CBS)
(WESTMINSTER, COLO.) - Barack Obama called for calm today, after the House rejected $700 billion rescue plan.
“It's important for the American public and for the markets to stay calm because things are never smooth in Congress,” Obama said at a rally outside of Denver.
He added, I'm confident that we are gonna get there, but it's going to be a little rocky.”
News that the bailout plan was rejected broke moments before Obama was expected to speak at Mountain Range High School. Campaign aides say he immediately telephoned Treasury Secretary Henry Paulson and House Speaker Nancy Pelosi.
As of this morning, Obama had planned to travel to Washington when the bill was to be voted on in the Senate later this week. It remains unclear if Obama will travel to the Capitol sooner than that to partake in further negotiations.
Today, Obama praised the Democratic and Republican leadership for their work on the rescue plan, but said it is important for Congress to “step up to the plate.” He was cautious not to fault John McCain specifically for the financial crisis, but rather blamed the crisis on the philosophy that drove the Bush Administration.
Obama explained that it is “a philosophy that says we should give more and more to those with the most and hope that prosperity trickles down on everyone else, a philosophy that says even common-sense regulations are unnecessary…it's a philosophy that prefers scoring political points to showing leadership.”
He said what’s need now is “adult supervision” of the White House - “What we have seen over the last few weeks is the final verdict on this failed philosophy. This is the consequence of 8 yrs of irresponsibility. And it is time that we had some adult supervision in the White House, that's what I am running for President of the United States.”
Posted by Bob5ford
I think you must of have written this for your fellow GOP faithful. We liberals know that you meant this as satire - we have common sense. It is the dimwitted GOP faithful you need to explain that you meant the post in a satirical sense - as common sense is a foreign concept for them.
It was John McCain who failed! John McCain could not even get the remaining 1/3 of republicans to vote on the bill. So why is John McCain running for president when he cannot even get the republicans form his own party to follow his lead. The republicans voted against John McCain today. John McCain wanted the republicans to vote for the bailout bill today, and the republican rejected the bill, and rejected John McCain.
John McCain has NO power, he sould not even get the republicans he wants to be the boss of to do what he wanted them to do.
John McCain failed at getting his own party members to agree with him, and to step up and do what needed to be done to deal with this crisis!!
It was John McCain who failed today! John McCain could not even get the remaining 1/3 of republicans to vote on the bill. So why is John McCain running for president when he cannot even get the republicans form his own party to follow his lead. The republicans voted against John McCain today. John McCain wanted the republicans to vote for the bailout bill today, and the republican rejected the bill, and rejected John McCain.
John McCain has NO power, he sould not even get the republicans he wants to be the boss of to do what he wanted them to do.
John McCain failed at getting his own party members to agree with him, and to step up and do what needed to be done to deal with this crisis!!
What ever congress does to try and fix our stunning economic catastrophe needs to be done very carefully. Congress needs to take their time, and be sure of what they are doing. Whatever is done needs to be sharply focused at helping, and protecting the best interest of the ordinary Americans. In particular the vast American middle class. 700 billion dollars is a lot of the peoples money to spend to bail out a bunch of corrupt Bush loan sharks.
My fellow human beings, just as I warned you ahead of this catastrophic economic meltdown, I must now warn you that what is ahead has the potential to be even more catastrophic than what we are going through now. The worlds geopolitical landscape has been booby trapped by the Bush McCain administration and their republican allies in congress. These booby traps are poised to spring at any time.
Fortunately the Worlds Nations have been blessed with many excellent leaders (except the US) who have been careful, wise, strong, and self-restrained in dealing with the provocations, and antagonism''s of the Bush, McCain administration.
Barack Obama and the democrats are your best hope now. Tell your family, friends, and everyone you know to support them as best you can, and vote for them like your life, and the lives of your loved ones depends on it. Because it does. You will not survive 4 more years of Bush McCain.
JACK SMITH - WORKING CLASS...
On the other hand the Democrats that were voting for this plan need a little guidance also. Everyone needs to stop trying to look like something is getting done and actually take the time to fix the problem instead of covering it up. Things are no worse today that a month ago so what is the motive for all of this last minute rushing to create what would have been a foolish solution?
Congrats to Obama on personal Savvy, but one demerit for not dragging his fellow party members into the light of reality.
This is another example of McCain FAILING in action while running around presenting a different position every day.
Like a chicken with his head cut off, McCain is no leader. He is just chaos in motion.
Dow is down 770 points. That wiped out almost $1 TRILLION DOLLARS of YOUR INVESTMENTS. Say goodbye to your retirement fund. It''s a good thing McCain did not get his way and put your Social Security in the Stock Market!
A bailout only staves off the inevitable. Our economy isn''t viable long term. The sooner we can get honest about that, the less our grandchildren will shake their heads at us.
Can we stop the knee jerk reaction to "socialism" and actually look at the standard of living in countries with socialized programs? What are we so afraid of? Taking care of our brothers and sisters? We are afraid of a word and it makes it hard to have real dialogue.
Meanwhile if we do the bailout, what can we contribute to the bigger "bailout" needs: global warming is indeed rearing its ugly head. We''d be wiser to look toward sustainability at this point and start putting money into educating people about the natural limits we are butting up against. You think Wall Street is out of control, try more hurricanes and flooding with our hands tied financially...
A bailout only staves off the inevitable. Our economy isn''t viable long term. The sooner we can get honest about that, the less our grandchildren will shake their heads at us.
Can we stop the knee jerk reaction to "socialism" and actually look at the standard of living in countries with socialized programs? What are we so afraid of? Taking care of our brothers and sisters? We are afraid of a word and it makes it hard to have real dialogue.
Meanwhile if we do the bailout, what can we contribute to the bigger "bailout" needs: global warming is indeed rearing its ugly head. We''d be wiser to look toward sustainability at this point and start putting money into educating people about the natural limits we are butting up against. You think Wall Street is out of control, try more hurricanes and flooding with our hands tied financially...
The Bail Out Bill Failed Because CNN, CBS, MSNBC, ABC, NBC, The New York Times and The Los Angeles Times have failed miserably to hold a few corrupt Democrats responsible for their past illegal activities. While a handful of corrupt Fannie Mae Officials were bribing an equally corrupt handful of Democratic Congressmen and Senators to basically turn their head and allow Fannie Mae to award HUGE compensation packages to undeserving Fannie Mae Officials, the main stream media turned its head as well. As a consequence, once Fannie Mae ignited the storm and proceeded to melt down our entire economy, the Democrats knew they had a political firestorm on their hands. But in order to cover themselves on this incendiary issue, the Democrats demanded that the Republicans bite the bullet and provide cover for the Democrats and help the Democrats clean up the mess. Had the main stream media been willing to lay the problem at the feet of the Democrats, where it deserved to be, the Democrats would be much less willing to require Republican cover and the protection it afforded. The meltdown was caused by CNN, MSNBC, NBC, ABC, CBS, and 2 equally corrupt major newspapers because they let the corrupt Democratic Congressmen and Democratic Senators get off SCOTT FREE. Watch these two videos and see for yourself.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
http://www.youtube.com/watch?v=H5tZc8oH--o
I hope those corrupt Democratic officials go to Jail !
A bailout only staves off the inevitable. Our economy isn''t viable long term. The sooner we can get honest about that, the less our grandchildren will shake their heads at us.
Can we stop the knee jerk reaction to "socialism" and actually look at the standard of living in countries with socialized programs? What are we so afraid of? Taking care of our brothers and sisters? We are afraid of a word and it makes it hard to have real dialogue.
Meanwhile if we do the bailout, what can we contribute to the bigger "bailout" needs: global warming is indeed rearing its ugly head. We''d be wiser to look toward sustainability at this point and start putting money into educating people about the natural limits we are butting up against. You think Wall Street is out of control, try more hurricanes and flooding with our hands tied financially...
Meanwhile, some banks are being bought and sold with no bad affects yet, Citi Group was sold to Wachovia today. These will work out.
I would much rather see the needed adjustments made within the markets than bail them out with taxpayer money and end up back here in three years.
I hear ya on that one. It just goes to show the brainpower of Congress!
http://www.youtube.com/watch?v=_MGT_cSi7Rs
http://www.youtube.com/user/TheMouthPeace
I think we should award Senator Dodd a permanent place in our federal retirement system located at Leavenworth, Kansas.
I hope everyone in Connecticut is enjoying looking at their 401Ks this afternoon.
~~~~~MUST READ ARTICLES~~~~~
Rumors Fly That Rezko''s Talking To Feds
by: Chicago (CBS)
date: September 29, 2008
THIS ARTICLE IS LOCATED AT:
http://cbs2chicago.com/politics/antoin.rezko.corruption.2.828549.html
chicagotribune.com
Rezko courthouse visits fuel rumor''s he''s talking
by: Mike Robinson
date: September 29, 2008 4:52 PM
THIS ARTICLE IS LOCATED AT:
http://www.chicagotribune.com/news/chi-ap-il-fundraiserindicte,0,2340035.story
Sources: Rezko in "intense" talks with feds
Blagojevich investigation going at "top speed"
by: Natasha Korecki, Federal Courts Reporter
date: September 27, 2008
THIS ARTICLE IS LOCATED AT:
http://www.suntimes.com/news/metro/rezko/1189480,rezko092808.article
AMERICA DESERVES TO KNOW THE ENTIRE TRUTH ABOUT THE RELATIONSHIP BETWEEN REZKO AND OBAMA.
THANK YOU MEDIA FOR FOLLOWING UP ON THE EVENT.
Rezko sentencing will be on October 28, 2008.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TIME for McCain and Palin to "REFORM THE CORRUPT WASHINGTON GOVERNMENT!"
GO-----John McCain!!!
GO-----sarach
Please read:
http://www.markehrmann.com/American_letter.htm
Perhaps we can recreate our American financial system to include all taxpayers benefitting from our combined wealth. Our oldest generation remade America after WWII.
Looking forward to your response.
Mark Ehrmann
A NEW ALTERNATIVE FINANCIAL SYSTEM BASED ON THE PEOPLES TAX CONTRIBUTIONS!
We the people of the United States of America, when joined together are more powerful and wealthy than any company, corporation or country. We must recognize how we are joined together financially through taxation. This acknowledgment of our net worth will empower us to move as one nation.
We need to reinvent our FINANCIAL SYSTEM OF GOVERNMENT so that the money acquired through the taxation process is an alternative base for our financial system.
We need to create a System of Treasury FUNDS based on the collection of all our tax dollars. Title each fund "The USA fund" for each department that uses money from the American tax payer. Each of these funds i.e. USA-Military Fund; USA - Health Care Fund... These individual funds are financed by our taxpayer money.
These Funds are the first building block of our whole financial system. The federal government borrows money from these funds created by our tax base. The loans go to all banks. The banks pay back the loans with interest. When a bank, city, state, or private contractor wants to borrow money from that specific fund, The entity borrows the money with interest pays back on a monthly basis replenishing the fund. All Americans can also buy shares in any fund - thereby strengthening the fund.
Mark Ehrmann
A NEW ALTERNATIVE FINANCIAL SYSTEM BASED ON THE PEOPLES TAX CONTRIBUTIONS!
We the people of the United States of America, when joined together are more powerful and wealthy than any company, corporation or country. We must recognize how we are joined together financially through taxation. This acknowledgment of our net worth will empower us to move as one nation.
We need to reinvent our FINANCIAL SYSTEM OF GOVERNMENT so that the money acquired through the taxation process is an alternative base for our financial system.
We need to create a System of Treasury FUNDS based on the collection of all our tax dollars. Title each fund "The USA fund" for each department that uses money from the American tax payer. Each of these funds i.e. USA-Military Fund; USA - Health Care Fund... These individual funds are financed by our taxpayer money.
These Funds are the first building block of our whole financial system. The federal government borrows money from these funds created by our tax base. The loans go to all banks. The banks pay back the loans with interest. When a bank, city, state, or private contractor wants to borrow money from that specific fund, The entity borrows the money with interest pays back on a monthly basis replenishing the fund. All Americans can also buy shares in any fund - thereby strengthening the fund.
Mark Ehrmann
A NEW ALTERNATIVE FINANCIAL SYSTEM BASED ON THE PEOPLES TAX CONTRIBUTIONS!
We the people of the United States of America, when joined together are more powerful and wealthy than any company, corporation or country. We must recognize how we are joined together financially through taxation. This acknowledgment of our net worth will empower us to move as one nation.
We need to reinvent our FINANCIAL SYSTEM OF GOVERNMENT so that the money acquired through the taxation process is an alternative base for our financial system.
We need to create a System of Treasury FUNDS based on the collection of all our tax dollars. Title each fund "The USA fund" for each department that uses money from the American tax payer. Each of these funds i.e. USA-Military Fund; USA - Health Care Fund... These individual funds are financed by our taxpayer money.
These Funds are the first building block of our whole financial system. The federal government borrows money from these funds created by our tax base. The loans go to all banks. The banks pay back the loans with interest. When a bank, city, state, or private contractor wants to borrow money from that specific fund, The entity borrows the money with interest pays back on a monthly basis replenishing the fund. All Americans can also buy shares in any fund - thereby strengthening the fund.
Mark Ehrmann
A bailout only staves off the inevitable. Our economy isn''t viable long term. The sooner we can get honest about that, the less our grandchildren will shake their heads at us.
Can we stop the knee jerk reaction to "socialism" and actually look at the standard of living in countries with socialized programs? What are we so afraid of? Taking care of our brothers and sisters? We are afraid of a word and it makes it hard to have real dialogue.
Meanwhile if we do the bailout, what can we contribute to the bigger "bailout" needs: global warming is indeed rearing its ugly head. We''d be wiser to look toward sustainability at this point and start putting money into educating people about the natural limits we are butting up against. You think Wall Street is out of control, try more hurricanes and flooding with our hands tied financially...
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by atoh1
September 30, 2008 12:25 PM PDT
- In this whole picture, John McCain has been following Obama''s quiet lead on this issue, while pulling no stops to undercut him with his relentless political maneuvers and attacks. Leadership is about coming up with a compelling position that people follow, and applying gentle persuasion to ensure that your surrogates deliver that succcess. It means finding common ground to unite disparate interests, instead of finger pointing to drive divide; it means offering a voice of reason and calm in chaos. A new leader is rising, and it fills me with new hope that this kind of pragmatic, sensitive, and level-headed leadership is finally within our grasps.
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