The Mudcat Café TM
Thread #114692   Message #2449409
Posted By: CarolC
24-Sep-08 - 10:42 PM
Thread Name: BS: McCain quits, Won't go to debate
Subject: RE: BS: McCain quits, Won't go to debate
This is what Obama had to say about the bill (when he said, "clean bill", he was talking about not adding any earmarks to it... he didn't mean pass it as is)...


"I believe that several core principles should guide this legislation.

First, there must be oversight. We should not hand over a blank check to the discretion of one man. We support an independent, bipartisan board to ensure accountability and complete transparency.

Second, we need to protect taxpayers. There should be a path for taxpayers to recover their money, and to turn a profit if Wall Street prospers.

Third, no Wall Street executive should profit from taxpayer dollars. This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis.

Fourth, we must help families who are struggling to stay in their homes. We cannot bail out Wall Street without helping millions of families facing foreclosure on Main Street.

Fifth, we both agree that this financial rescue package should move on its own without any earmarks or other measures. We have different views about the need for other action, but this must be a clean bill."

http://voices.washingtonpost.com/the-trail/2008/09/24/obama_and_mccain_issue_joint_s.html