Foreign Policy Debate - Financial Recovery: Where do you ...

http://www.c-spanarchives.org/library/vidLink.php?b=1222477392&e=12224780...

SEN. OBAMA: Well, thank you very much, Jim, and thanks to the
commission and the University of Mississippi, Ole Miss, for hosting us
tonight. I can't think of a more important time for us to talk about
the future of the country.
You know, we are at a defining moment in our history. Our nation
is involved in two wars, and we are going through the worst financial
crisis since the Great Depression. And although we've heard a lot
about Wall Street, those of you on Main Street, I think, have been
struggling for a while, and you recognize that this could have an
impact on all sectors of the economy. And you're wondering: How's it
going to affect me? How's it going to affect my job? How's it going
to affect my house? How's it going to affect my retirement savings or
my ability to send my children to college?
So we have to move swiftly and we have to move wisely.
And I've put forward a series of proposals that make sure that we
protect taxpayers as we engage in this important rescue effort.
Number one, we've got to make sure that we've got oversight over
this whole process. $700 billion potentially is a lot of money.
Number two, we've got to make sure that taxpayers, when they are
putting their money at risk, have the possibility of getting that
money back and gains if the market and when the market returns.
Number three, we've got to make sure that none of that money is
going to pad CEO bank accounts or to promote golden parachutes.
And number four, we've got to make sure that we're helping
homeowners, because the root problem here has to do with the
foreclosures that are taking p

Category:

News & Politics

Tags:

• C-SPAN
• Foreign
• Policy
• Debate
• Financial
• Recovery

[mochronicle]

by constructive work I think obama means $100 billion pork barrell spendings attached !

[8data]

obamas lost it

i used to believe in him

but no more

another sellout

[Iluvatar900]

Black ftw.

[nandhs86]

Obama called out on Trickle-down theory. Obama has a plan.

Go Obama!

[thismindofmine]

34th view! 34th rating!

[cileplay]

1st view 1st comm 1st rating~!