Forum Replies Created
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AuthorPosts
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TheBreeze
ParticipantObama mentioned several things in the interview that he would do differently:
(1) Bailouts will be directed to homeowners instead of banks. I’d prefer no bailouts, but if we’re going to have them, let’s help people try to stay in their homes as opposed to paying the banks full price for crappy loans.
(2) Different approach to the automakers as discussed above
(3) Major focus on alternative energy:
(CBS) Kroft: When the price of oil was at $147 a barrel, there were a lot of spirited and profitable discussions that were held on energy independence. Now you’ve got the price of oil under $60.
Mr. Obama: Right.
Kroft: Does doing something about energy is it less important now than…
Mr. Obama: It’s more important. It may be a little harder politically, but it’s more important.
Kroft: Why?
Mr. Obama: Well, because this has been our pattern. We go from shock to trance. You know, oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity. And then the prices go back down and suddenly we act like it’s not important, and we start, you know filling up our SUVs again.
And, as a consequence, we never make any progress. It’s part of the addiction, all right. That has to be broken. Now is the time to break it.
(4) Re-regulation of the financial markets
Kroft: How high a priority are you placing on re-regulation of the financial markets?
Mr. Obama: I think it’s a top priority. I think that we have to restore a sense of trust, transparency, openness in our financial system. And keep in mind that the deregulation process, it wasn’t just one party. I think there’s a lot of blame to spread around.
But, hopefully, everybody’s learned their lesson. And the answer is not heavy-handed regulations that crush the entrepreneurial spirit and risk taking of American capitalism. That’s what’s made our economy great. But it is to restore a sense of balance.
(5) Closing Guantanamo/stopping torture
(6) redeploying troops out of Iraq into Afghanistan
(7) Not being an idealogue/being willing to change direction:
Kroft: There’s been talk on Capitol Hill and a number of Democratic congressmen have proposed programs that are part of sort of a new New Deal. The possibility of reviving agencies like the Home Ownership Loan Corporation.
Mr. Obama: Two points I’d make on this. Number one, although there are some parallels to the problems that we’re seeing now and what we say back in the ’30s, no period is exactly the same. For us to simply recreate what existed back in the ’30s in the 21st century, I think would be missing the boat. We’ve gotta come up with solutions that are true to our times and true to this moment. And that’s gonna be our job. I think the basic principle that government has a role to play in kick starting an economy that has ground to a halt is sound.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that’s a principle that we’ve gotta hold to as well. But what I don’t wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
And whether it’s coming from FDR or it’s coming from Ronald Reagan, if the idea is right for the times then we’re gonna apply it. And things that don’t work we’re gonna get rid of.
(8) Communicating clearly and honestly with the American people
Kroft: Are you gonna make a lot of speeches? Are you gonna talk a lot to the American people on television and radio?
Mr. Obama: You know, I’m not sure that the American people are looking for a lot of speeches. I think what they’re looking for is action. But one of the things that I do think is important is to be able to explain to the American people what you’re doing, and why you’re doing it. That is something that I think every great president has been able to do. From FDR to Lincoln to John Kennedy to Eisenhower. I mean, I think that they were people who were able to say ‘Here’s the direction we’re going. Here’s why I think it’s important. Here are the possible dangers or challenges. But ultimately, you know, this is gonna lead us to a better America.’ And I want to make sure that I can recreate a bond of trust between the presidency and the public that I think has been lost.
Overall, I like what I’m hearing so far. However, it is just all talk at this point and we’ll have to see what happens when Obama is actually sworn in. I’m sure he’ll make mistakes, but hopefully he will have the intelligence to recognize those mistakes and change direction when needed.
ParticipantObama mentioned several things in the interview that he would do differently:
(1) Bailouts will be directed to homeowners instead of banks. I’d prefer no bailouts, but if we’re going to have them, let’s help people try to stay in their homes as opposed to paying the banks full price for crappy loans.
(2) Different approach to the automakers as discussed above
(3) Major focus on alternative energy:
(CBS) Kroft: When the price of oil was at $147 a barrel, there were a lot of spirited and profitable discussions that were held on energy independence. Now you’ve got the price of oil under $60.
Mr. Obama: Right.
Kroft: Does doing something about energy is it less important now than…
Mr. Obama: It’s more important. It may be a little harder politically, but it’s more important.
Kroft: Why?
Mr. Obama: Well, because this has been our pattern. We go from shock to trance. You know, oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity. And then the prices go back down and suddenly we act like it’s not important, and we start, you know filling up our SUVs again.
And, as a consequence, we never make any progress. It’s part of the addiction, all right. That has to be broken. Now is the time to break it.
(4) Re-regulation of the financial markets
Kroft: How high a priority are you placing on re-regulation of the financial markets?
Mr. Obama: I think it’s a top priority. I think that we have to restore a sense of trust, transparency, openness in our financial system. And keep in mind that the deregulation process, it wasn’t just one party. I think there’s a lot of blame to spread around.
But, hopefully, everybody’s learned their lesson. And the answer is not heavy-handed regulations that crush the entrepreneurial spirit and risk taking of American capitalism. That’s what’s made our economy great. But it is to restore a sense of balance.
(5) Closing Guantanamo/stopping torture
(6) redeploying troops out of Iraq into Afghanistan
(7) Not being an idealogue/being willing to change direction:
Kroft: There’s been talk on Capitol Hill and a number of Democratic congressmen have proposed programs that are part of sort of a new New Deal. The possibility of reviving agencies like the Home Ownership Loan Corporation.
Mr. Obama: Two points I’d make on this. Number one, although there are some parallels to the problems that we’re seeing now and what we say back in the ’30s, no period is exactly the same. For us to simply recreate what existed back in the ’30s in the 21st century, I think would be missing the boat. We’ve gotta come up with solutions that are true to our times and true to this moment. And that’s gonna be our job. I think the basic principle that government has a role to play in kick starting an economy that has ground to a halt is sound.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that’s a principle that we’ve gotta hold to as well. But what I don’t wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
And whether it’s coming from FDR or it’s coming from Ronald Reagan, if the idea is right for the times then we’re gonna apply it. And things that don’t work we’re gonna get rid of.
(8) Communicating clearly and honestly with the American people
Kroft: Are you gonna make a lot of speeches? Are you gonna talk a lot to the American people on television and radio?
Mr. Obama: You know, I’m not sure that the American people are looking for a lot of speeches. I think what they’re looking for is action. But one of the things that I do think is important is to be able to explain to the American people what you’re doing, and why you’re doing it. That is something that I think every great president has been able to do. From FDR to Lincoln to John Kennedy to Eisenhower. I mean, I think that they were people who were able to say ‘Here’s the direction we’re going. Here’s why I think it’s important. Here are the possible dangers or challenges. But ultimately, you know, this is gonna lead us to a better America.’ And I want to make sure that I can recreate a bond of trust between the presidency and the public that I think has been lost.
Overall, I like what I’m hearing so far. However, it is just all talk at this point and we’ll have to see what happens when Obama is actually sworn in. I’m sure he’ll make mistakes, but hopefully he will have the intelligence to recognize those mistakes and change direction when needed.
ParticipantObama mentioned several things in the interview that he would do differently:
(1) Bailouts will be directed to homeowners instead of banks. I’d prefer no bailouts, but if we’re going to have them, let’s help people try to stay in their homes as opposed to paying the banks full price for crappy loans.
(2) Different approach to the automakers as discussed above
(3) Major focus on alternative energy:
(CBS) Kroft: When the price of oil was at $147 a barrel, there were a lot of spirited and profitable discussions that were held on energy independence. Now you’ve got the price of oil under $60.
Mr. Obama: Right.
Kroft: Does doing something about energy is it less important now than…
Mr. Obama: It’s more important. It may be a little harder politically, but it’s more important.
Kroft: Why?
Mr. Obama: Well, because this has been our pattern. We go from shock to trance. You know, oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity. And then the prices go back down and suddenly we act like it’s not important, and we start, you know filling up our SUVs again.
And, as a consequence, we never make any progress. It’s part of the addiction, all right. That has to be broken. Now is the time to break it.
(4) Re-regulation of the financial markets
Kroft: How high a priority are you placing on re-regulation of the financial markets?
Mr. Obama: I think it’s a top priority. I think that we have to restore a sense of trust, transparency, openness in our financial system. And keep in mind that the deregulation process, it wasn’t just one party. I think there’s a lot of blame to spread around.
But, hopefully, everybody’s learned their lesson. And the answer is not heavy-handed regulations that crush the entrepreneurial spirit and risk taking of American capitalism. That’s what’s made our economy great. But it is to restore a sense of balance.
(5) Closing Guantanamo/stopping torture
(6) redeploying troops out of Iraq into Afghanistan
(7) Not being an idealogue/being willing to change direction:
Kroft: There’s been talk on Capitol Hill and a number of Democratic congressmen have proposed programs that are part of sort of a new New Deal. The possibility of reviving agencies like the Home Ownership Loan Corporation.
Mr. Obama: Two points I’d make on this. Number one, although there are some parallels to the problems that we’re seeing now and what we say back in the ’30s, no period is exactly the same. For us to simply recreate what existed back in the ’30s in the 21st century, I think would be missing the boat. We’ve gotta come up with solutions that are true to our times and true to this moment. And that’s gonna be our job. I think the basic principle that government has a role to play in kick starting an economy that has ground to a halt is sound.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that’s a principle that we’ve gotta hold to as well. But what I don’t wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
And whether it’s coming from FDR or it’s coming from Ronald Reagan, if the idea is right for the times then we’re gonna apply it. And things that don’t work we’re gonna get rid of.
(8) Communicating clearly and honestly with the American people
Kroft: Are you gonna make a lot of speeches? Are you gonna talk a lot to the American people on television and radio?
Mr. Obama: You know, I’m not sure that the American people are looking for a lot of speeches. I think what they’re looking for is action. But one of the things that I do think is important is to be able to explain to the American people what you’re doing, and why you’re doing it. That is something that I think every great president has been able to do. From FDR to Lincoln to John Kennedy to Eisenhower. I mean, I think that they were people who were able to say ‘Here’s the direction we’re going. Here’s why I think it’s important. Here are the possible dangers or challenges. But ultimately, you know, this is gonna lead us to a better America.’ And I want to make sure that I can recreate a bond of trust between the presidency and the public that I think has been lost.
Overall, I like what I’m hearing so far. However, it is just all talk at this point and we’ll have to see what happens when Obama is actually sworn in. I’m sure he’ll make mistakes, but hopefully he will have the intelligence to recognize those mistakes and change direction when needed.
ParticipantObama mentioned several things in the interview that he would do differently:
(1) Bailouts will be directed to homeowners instead of banks. I’d prefer no bailouts, but if we’re going to have them, let’s help people try to stay in their homes as opposed to paying the banks full price for crappy loans.
(2) Different approach to the automakers as discussed above
(3) Major focus on alternative energy:
(CBS) Kroft: When the price of oil was at $147 a barrel, there were a lot of spirited and profitable discussions that were held on energy independence. Now you’ve got the price of oil under $60.
Mr. Obama: Right.
Kroft: Does doing something about energy is it less important now than…
Mr. Obama: It’s more important. It may be a little harder politically, but it’s more important.
Kroft: Why?
Mr. Obama: Well, because this has been our pattern. We go from shock to trance. You know, oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity. And then the prices go back down and suddenly we act like it’s not important, and we start, you know filling up our SUVs again.
And, as a consequence, we never make any progress. It’s part of the addiction, all right. That has to be broken. Now is the time to break it.
(4) Re-regulation of the financial markets
Kroft: How high a priority are you placing on re-regulation of the financial markets?
Mr. Obama: I think it’s a top priority. I think that we have to restore a sense of trust, transparency, openness in our financial system. And keep in mind that the deregulation process, it wasn’t just one party. I think there’s a lot of blame to spread around.
But, hopefully, everybody’s learned their lesson. And the answer is not heavy-handed regulations that crush the entrepreneurial spirit and risk taking of American capitalism. That’s what’s made our economy great. But it is to restore a sense of balance.
(5) Closing Guantanamo/stopping torture
(6) redeploying troops out of Iraq into Afghanistan
(7) Not being an idealogue/being willing to change direction:
Kroft: There’s been talk on Capitol Hill and a number of Democratic congressmen have proposed programs that are part of sort of a new New Deal. The possibility of reviving agencies like the Home Ownership Loan Corporation.
Mr. Obama: Two points I’d make on this. Number one, although there are some parallels to the problems that we’re seeing now and what we say back in the ’30s, no period is exactly the same. For us to simply recreate what existed back in the ’30s in the 21st century, I think would be missing the boat. We’ve gotta come up with solutions that are true to our times and true to this moment. And that’s gonna be our job. I think the basic principle that government has a role to play in kick starting an economy that has ground to a halt is sound.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that’s a principle that we’ve gotta hold to as well. But what I don’t wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
And whether it’s coming from FDR or it’s coming from Ronald Reagan, if the idea is right for the times then we’re gonna apply it. And things that don’t work we’re gonna get rid of.
(8) Communicating clearly and honestly with the American people
Kroft: Are you gonna make a lot of speeches? Are you gonna talk a lot to the American people on television and radio?
Mr. Obama: You know, I’m not sure that the American people are looking for a lot of speeches. I think what they’re looking for is action. But one of the things that I do think is important is to be able to explain to the American people what you’re doing, and why you’re doing it. That is something that I think every great president has been able to do. From FDR to Lincoln to John Kennedy to Eisenhower. I mean, I think that they were people who were able to say ‘Here’s the direction we’re going. Here’s why I think it’s important. Here are the possible dangers or challenges. But ultimately, you know, this is gonna lead us to a better America.’ And I want to make sure that I can recreate a bond of trust between the presidency and the public that I think has been lost.
Overall, I like what I’m hearing so far. However, it is just all talk at this point and we’ll have to see what happens when Obama is actually sworn in. I’m sure he’ll make mistakes, but hopefully he will have the intelligence to recognize those mistakes and change direction when needed.
ParticipantCompare the intelligence and thoughtfulness in this one TGO interview vs. the simple-minded BS we’ve gotten from the Bush administration for the last 8 years:
Mr. Obama: Yeah. Well, let’s see how this thing plays itself out. For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.
So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan what does a sustainable U.S. auto industry look like? So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere. And that’s, I think, what you haven’t yet seen. That’s something that I think we’re gonna have to come up with.
Kroft: Are there a lot of people that think that the country would probably be better off and General Motors might be better off if it was allowed to go into bankruptcy?
Mr. Obama: Well, you know, under normal circumstances that might be the case in the sense that you’d go to a restructuring like the airlines had to do in some cases. And then they come out and they’re still a viable operation. And they’re operating even during the course of bankruptcy. In this situation, you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet. And I think that what we have to do is to recognize that these are extraordinary circumstances. Banks aren’t lending as it is. They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.
http://www.cbsnews.com/stories/2008/11/16/60minutes/main4607893_page2.shtml
vs.
Bush (or McSame): “The fundamentals of the economy are sound.” (WTF does that mean?)
Bush (or McSame): “If we pull out of Iraq the terrorists win.”
Bush: “This thaw — took a while to thaw, it’s going to take a while to unthaw.” Bush on liquidity in the markets.
It’s going to be refreshing to finally have an intelligent, thoughtful person as POTUS again. There’s been an 8-year dearth of thoughtfulness in the White House ever since Clinton left.
BTW, you may disagree with Obama’s plan for the automakers, but you have to acknowledge that he has put some thought into the situation. As opposed to Bush who has trouble stringing two coherent sentences together.
ParticipantCompare the intelligence and thoughtfulness in this one TGO interview vs. the simple-minded BS we’ve gotten from the Bush administration for the last 8 years:
Mr. Obama: Yeah. Well, let’s see how this thing plays itself out. For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.
So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan what does a sustainable U.S. auto industry look like? So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere. And that’s, I think, what you haven’t yet seen. That’s something that I think we’re gonna have to come up with.
Kroft: Are there a lot of people that think that the country would probably be better off and General Motors might be better off if it was allowed to go into bankruptcy?
Mr. Obama: Well, you know, under normal circumstances that might be the case in the sense that you’d go to a restructuring like the airlines had to do in some cases. And then they come out and they’re still a viable operation. And they’re operating even during the course of bankruptcy. In this situation, you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet. And I think that what we have to do is to recognize that these are extraordinary circumstances. Banks aren’t lending as it is. They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.
http://www.cbsnews.com/stories/2008/11/16/60minutes/main4607893_page2.shtml
vs.
Bush (or McSame): “The fundamentals of the economy are sound.” (WTF does that mean?)
Bush (or McSame): “If we pull out of Iraq the terrorists win.”
Bush: “This thaw — took a while to thaw, it’s going to take a while to unthaw.” Bush on liquidity in the markets.
It’s going to be refreshing to finally have an intelligent, thoughtful person as POTUS again. There’s been an 8-year dearth of thoughtfulness in the White House ever since Clinton left.
BTW, you may disagree with Obama’s plan for the automakers, but you have to acknowledge that he has put some thought into the situation. As opposed to Bush who has trouble stringing two coherent sentences together.
ParticipantCompare the intelligence and thoughtfulness in this one TGO interview vs. the simple-minded BS we’ve gotten from the Bush administration for the last 8 years:
Mr. Obama: Yeah. Well, let’s see how this thing plays itself out. For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.
So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan what does a sustainable U.S. auto industry look like? So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere. And that’s, I think, what you haven’t yet seen. That’s something that I think we’re gonna have to come up with.
Kroft: Are there a lot of people that think that the country would probably be better off and General Motors might be better off if it was allowed to go into bankruptcy?
Mr. Obama: Well, you know, under normal circumstances that might be the case in the sense that you’d go to a restructuring like the airlines had to do in some cases. And then they come out and they’re still a viable operation. And they’re operating even during the course of bankruptcy. In this situation, you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet. And I think that what we have to do is to recognize that these are extraordinary circumstances. Banks aren’t lending as it is. They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.
http://www.cbsnews.com/stories/2008/11/16/60minutes/main4607893_page2.shtml
vs.
Bush (or McSame): “The fundamentals of the economy are sound.” (WTF does that mean?)
Bush (or McSame): “If we pull out of Iraq the terrorists win.”
Bush: “This thaw — took a while to thaw, it’s going to take a while to unthaw.” Bush on liquidity in the markets.
It’s going to be refreshing to finally have an intelligent, thoughtful person as POTUS again. There’s been an 8-year dearth of thoughtfulness in the White House ever since Clinton left.
BTW, you may disagree with Obama’s plan for the automakers, but you have to acknowledge that he has put some thought into the situation. As opposed to Bush who has trouble stringing two coherent sentences together.
ParticipantCompare the intelligence and thoughtfulness in this one TGO interview vs. the simple-minded BS we’ve gotten from the Bush administration for the last 8 years:
Mr. Obama: Yeah. Well, let’s see how this thing plays itself out. For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.
So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan what does a sustainable U.S. auto industry look like? So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere. And that’s, I think, what you haven’t yet seen. That’s something that I think we’re gonna have to come up with.
Kroft: Are there a lot of people that think that the country would probably be better off and General Motors might be better off if it was allowed to go into bankruptcy?
Mr. Obama: Well, you know, under normal circumstances that might be the case in the sense that you’d go to a restructuring like the airlines had to do in some cases. And then they come out and they’re still a viable operation. And they’re operating even during the course of bankruptcy. In this situation, you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet. And I think that what we have to do is to recognize that these are extraordinary circumstances. Banks aren’t lending as it is. They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.
http://www.cbsnews.com/stories/2008/11/16/60minutes/main4607893_page2.shtml
vs.
Bush (or McSame): “The fundamentals of the economy are sound.” (WTF does that mean?)
Bush (or McSame): “If we pull out of Iraq the terrorists win.”
Bush: “This thaw — took a while to thaw, it’s going to take a while to unthaw.” Bush on liquidity in the markets.
It’s going to be refreshing to finally have an intelligent, thoughtful person as POTUS again. There’s been an 8-year dearth of thoughtfulness in the White House ever since Clinton left.
BTW, you may disagree with Obama’s plan for the automakers, but you have to acknowledge that he has put some thought into the situation. As opposed to Bush who has trouble stringing two coherent sentences together.
ParticipantCompare the intelligence and thoughtfulness in this one TGO interview vs. the simple-minded BS we’ve gotten from the Bush administration for the last 8 years:
Mr. Obama: Yeah. Well, let’s see how this thing plays itself out. For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.
So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan what does a sustainable U.S. auto industry look like? So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere. And that’s, I think, what you haven’t yet seen. That’s something that I think we’re gonna have to come up with.
Kroft: Are there a lot of people that think that the country would probably be better off and General Motors might be better off if it was allowed to go into bankruptcy?
Mr. Obama: Well, you know, under normal circumstances that might be the case in the sense that you’d go to a restructuring like the airlines had to do in some cases. And then they come out and they’re still a viable operation. And they’re operating even during the course of bankruptcy. In this situation, you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet. And I think that what we have to do is to recognize that these are extraordinary circumstances. Banks aren’t lending as it is. They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.
http://www.cbsnews.com/stories/2008/11/16/60minutes/main4607893_page2.shtml
vs.
Bush (or McSame): “The fundamentals of the economy are sound.” (WTF does that mean?)
Bush (or McSame): “If we pull out of Iraq the terrorists win.”
Bush: “This thaw — took a while to thaw, it’s going to take a while to unthaw.” Bush on liquidity in the markets.
It’s going to be refreshing to finally have an intelligent, thoughtful person as POTUS again. There’s been an 8-year dearth of thoughtfulness in the White House ever since Clinton left.
BTW, you may disagree with Obama’s plan for the automakers, but you have to acknowledge that he has put some thought into the situation. As opposed to Bush who has trouble stringing two coherent sentences together.
ParticipantObama said capturing or killing Osama bin Laden remains a “critical aspect” of the war on terrorism.
“He is not just a symbol,” the president-elect said. “He’s also the operational leader of an organization that is planning attacks against U.S. targets.”
http://www.swamppolitics.com/news/politics/blog/2008/11/the_obamas_on_60_minutes.html
It looks like TGO has his priorities straight.
ParticipantObama said capturing or killing Osama bin Laden remains a “critical aspect” of the war on terrorism.
“He is not just a symbol,” the president-elect said. “He’s also the operational leader of an organization that is planning attacks against U.S. targets.”
http://www.swamppolitics.com/news/politics/blog/2008/11/the_obamas_on_60_minutes.html
It looks like TGO has his priorities straight.
ParticipantObama said capturing or killing Osama bin Laden remains a “critical aspect” of the war on terrorism.
“He is not just a symbol,” the president-elect said. “He’s also the operational leader of an organization that is planning attacks against U.S. targets.”
http://www.swamppolitics.com/news/politics/blog/2008/11/the_obamas_on_60_minutes.html
It looks like TGO has his priorities straight.
ParticipantObama said capturing or killing Osama bin Laden remains a “critical aspect” of the war on terrorism.
“He is not just a symbol,” the president-elect said. “He’s also the operational leader of an organization that is planning attacks against U.S. targets.”
http://www.swamppolitics.com/news/politics/blog/2008/11/the_obamas_on_60_minutes.html
It looks like TGO has his priorities straight.
ParticipantObama said capturing or killing Osama bin Laden remains a “critical aspect” of the war on terrorism.
“He is not just a symbol,” the president-elect said. “He’s also the operational leader of an organization that is planning attacks against U.S. targets.”
http://www.swamppolitics.com/news/politics/blog/2008/11/the_obamas_on_60_minutes.html
It looks like TGO has his priorities straight.
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