I'm going with -- because they have more important things to do (nm)
Posted By: Just the big bad on 2009-05-06
In Reply to: Why do you suppose the White House WON'T hold a - ceremony for Day of Prayer? I know, I know!!!
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You said it, I didn't...you said those things are important...
so why not post those concerns instead of Bush bashes? Lip service. You do not believe your own platform.
mccain 2 important things
When making up your mind remember that when a town hall participant said we needed to restart the draft, McCain said he did not disagree. Why a draft if the war is being resolved and no other ones in the works? Also, McCain wants to privitize Social Security. Bush did his best to get that begun, and the country resoundly said thanks, no thanks. Wall Street disasters like oil speulators, Enron and Fannie Mae surely are enough to give a thinking voter pause when it comes to turning over your future retirement to those on Wall Street
Then why are you whining...er...posting, if you have more important things to do....nm
z
typo - meant cite things as hoax, not "site" things
Just thought I'd correct that before I get pummeled by the people who want to believe snopes is a truthful organization.
more important to you?
Excuse me, more important to you than me? No, it is more important to ME. You are an onlooker, it is my blood.
He has just never been that important to me.. nm
nm
So are dad's not as important?
Is this what you are suggesting because I do believe some of SP's children are older than Obama's and yet no one seems to be spatting about him leaving his children to run for president. Of SP's 5 children....only 2 are younger....which is the same number of young children Obama has. Yet it seems to be okay with everything that he just let Michelle Obama raise their children while he runs around the country to be prez. Why is it not acceptable that Todd Palin take care of the two younger children while his wife tries to make this country better....including for her children. Why....because Todd is the dad and he should be out working while SP stay at home cooking, cleaning, taking care of the kids.........seriously....who time warped us back to the 50s?
Oh I see....what was more important than ....
the Katrina victims at that point? Looks like I need to go to the senate site and see what Biden and Obama felt was so important they had to vote for the bridge.
People WERE suffering from Katrina and they had a chance to vote for it. They chose not to. Where does integrity come in? Where is country first, party second? What was so all-fired important they voted FOR a huge earmark for a bridge and against help for Katrina victims?
As as for pork...it is added by BOTH parties and that is what McCain/Palin seek to stop. Plus earmarks for personal gain...like Obama earmarking a million bucks for his wive's employer...who had just that month DOUBLED her salary.
Face it...Obama is old Washington politics, just like Biden is. There is no change there. Same old washington politics. He has demonstrated throughout his career. Yes, other politicians do it. That is exactly what I am talking about.
It is time it stopped, and the only people who have ANY history of bucking their own party to do that are McCain/Palin. Now THERE is change you can believe in.
Well, I think it is more important when the man...
running on the ticket with you only a few months ago voiced the opinion that you were not qualified for the job...however...in a strict changing your story view, yes. Weighing the importance of the two issues (lipstick on a pig and your #2 saying you were not qualified for the job) is up to the reader.
How is this not important?
I know that, on the surface, it's really easy to write this off as a nonissue. But I would ask that, regardless of party, everyone stop for a moment and consider what it MEANS.
It means that a make-up artist was more important to the McCain campaign than any other adviser or staff member. It's representative of shallowness and wasteful excess. It shows clear skewed judgment in what's important in our nation.
And, frankly, it was clearly wasteful expenditure. Palin looked perfectly fine before the excessive celebrity life the campaign brought to her. There was no need for this. She's an attractive woman, and absolutely not in need of this Paris Hilton-esque extravagance.
Why the campaign and RNC thought it would make her more "popular" is pretty head-scratching. Instead, they just made themselves look like, well, the type of people who aren't really "for" the middle class after all. The type of people who think style is more important than substance.
Is it?
Why this is important...(sm)
If Bush is not tried for his crimes, it sets a precedence for successive abuse of power....even for Obama. As a country, until we acknowledge and correct our shortcomings we cannot move forward. What do you think the rest of the world will say if we don't do something about it? We talk alot about justice and being fair, but until we can show that we are willing to uphold those ideals we are no better than the ones who would commit those crimes.
The economy is the focus right now, and yes, it should be dealt with first and foremost, and that is being done. But that is not to say that we cannot accomplish other things at the same time. If they do go after Bush, all Obama has to do is step aside and not stop the preceedings. This is all about the judicial branch of government, not the White House.
Seems pretty important to me
Well, if his trustee is saying Frist was updated regularly on his blind trust, I kind of think that is something. It is a formal investigatinn by the SEC. I kind of think that is something.
Yeah, you wish you were important enough
for somebody to be spying on you....does your paranoia know no bounds? 
BUt that's the most important thing to me....
Unfortunately not all news sources are created equal and unbiased.
As far as things changing over time.....it seems that things have to change as new information is brought to light. Ask Colin Powell. We have to adapt and change with this new information.
Can't find your quote from Russert to Cheney anywhere on the internet.
As far as Tenet's slam-dunk comment, the people at that meeting were Bush, Cheney, and CIA-director John McLaughlin.....oh, and you. Couldn't find any female names mentioned in that meeting, however.
As far as the 747 fuselage in the desert....could only find a handful of references to it on the whole internet and none were compelling and again, most were from far right wing publications.
I feel a story is only as truthful as its source and sometimes the truthfulness of a story can never be completely determined. You say the source doesn't matter, I say it is EVERYTHING. Reflect upon North Korea today, former communist Russia and China even today....all highly censored government news sources. Those folks will never get the real story and heaven knows it's hard enough to get it in a free country like the US.
much too important to go unread
brought up from below.
It's long been a safe assumption that U.S. troops generally vote Republican. And with Vietnam war hero John McCain leading the GOP presidential ticket, many pundits expect the military to favor the Republicans with their wallets, too. But so far, Barack Obama appears to be leading his rival by a 6-to-1 margin in campaign contributions from deployed troops. The nonpartisan Center for Responsive Politics reports that Obama has collected just over $60,000 from deployed troops compared to McCain's $10,000 in figures up to June 30.
More importantly, why is it so important to YOU
What are you so afraid is going to happen if some of us don't?
Important issue
Dealing with our enemies - I read an article and was going to post the link, but the article is positioned on the page odd and I had to scroll down to the bottom and words went off the screen so I cut and pasted some of it here. If you still wish to see the article let me know and I'll provide a link..
Obama is described as “eloquent and dazzling. In writing, he sounds like the candidate for class president pledging no more homework and free pizza”. – (pretty good description I'd say)
His position on Iran – “If Iran continues its troubling behavior, we will step up our economic pressure and political isolation”. – That, that’ll show them.
While other candidates have insisted that we should threaten to drop nuclear bombs on terrorist training camps, Obama believes that we must talk openly about nuclear weapons – because “the best way to keep America safe is not to threaten terrorists with nuclear weapons”. Obama will secure all loose nuclear materials in the world within four years. “This will deny terrorists the ability to steal or buy loose nuclear material”. – Does he really believe the most vicious people will be thwarted that easily?
People should remember that no matter how eloquently offered it is not always for the better.
You actually think it is more important for Obama...
to keep campaigning than to go back to Washington and do his job as a United States Senator which he, by the way, still is and we are paying him for? Pullezzzeeee.
Did I miss something important? AS is a pub gov
He ran under the pub ticket and was elected by Californian pubs and other star-struck Californians. Do you disagree with the idea that repulicans come in different flavors or should I be translating you message from Christian right-wing fringe-speak to mean roughly "my way or the highway" on what it means to be a REAL republican?
The most important issue.....
this election is freedom. On November fourth we will determine which path our government will take, liberty or Marxism. I will choose liberty.
McCain/Palin 2008 
I guess I consider it to be more important
to be well read and informed on the important issues rather than worrying about some trivial little geek-speak that you seem so well versed in. Congratulations, you win the petty award of the day!!
Believe it or not, the appearance is also very important..
IN ADDITION to his fabulous qualifications.
I recommend you to log off and take a rest.
Thank you! There are so many actual important
issues to be discussing rather than wasting time on their silly fairy tale while the economy crumbles.
Why do you just ignore the important
the gutter? Girl, you need to get a life! Oh, that's right, you said you did already. Transcribing 3500 lines a day, then the rest of a day stirring the pot on an internet forum just isn't my idea of a life.
NOTHING is more important from a president than
NM
What's more important than the most vulnerable........
nm
The important question here is..
You are rude and condescending. I hope it gives you back some little feeling of power that is obviously missing in your "real" life. I pity you.
I guess I think it's important to know his history.
In my case, that means a lot to me, even when people say things I agree with. Besides, a famous man once said A litany of complaints is not a plan. I believe most Americans want us out of Iraq. I don't believe a precipitous withdrawal will be to the benefit of anyone. None of us wants to see those men (not boys, as Phil says. That's an insult to these men and women who are all enlisted voluntarily.) and women harmed. The idealouge is definitely diametrically opposed. Some mouthpieces are just better to hear it from than Phil Donahue. As Bernard Goldberg said of Phil in 100 People Who are Screwing up America, Phil Donahue made the world safe for emotion masquerading as thought. His first guest on his first show was Madalyn O'Hair (very appropo, since he is himself an atheist). Bernard says in his book that his show was so fresh that no one stopped to realize how far, even for a liberal, his ideas were from the mainstream. But mainly what he did, in show after show, year after year, was give tremendous exposure, and his own strong support, to the forces challenging traditional beliefs and behavior. Phil was the champion of the it's not your fault, blame society way of thinking. His shows centered around this way of thinking. His virulent hatred for authority extended to anyone in positions of authority, including police, for whom he had an especial loathing. Yes, we will have to agree to disagree.
There doesn't seem to be any objectivity here. However, more important
there seems to be no concern for what is going on in our classrooms. I am not talking about political bias, either. I am talking about WHAT THE TEACHER SAID. It's been recorded. There is no way to misinterpret it. I am AMAZED that anyone would defend it. But not surprised. Thankfully, not all liberals are so close-minded. And I AM thankful for that.
but in that 24 hours important information
could get away. The NSA should be monitored, but 24 hours on wiretaps that need to be done right now is just not realistic for accurate intelligence gathering.
When you dial into a phone line you've just given up your right to privacy. You are not guaranteed privacy on phone lines owned by private companies. There is no privacy contract of any sort when you dial a phone. That's where the disconnect lies. Pardon the pun.
If John Edwards was not important...
The Clintonites are now saying that John Edwards nomination is not that important. (what???)
If that is true then why did she campaign so hard to try to get him to endorse her? Why did she immediately after he dropped out of the race change her tone and try to mimick him. You know for a fact if he endorsed her she would be making this out to be the greatest victory in America.
The fact is this IS an important endorsement. As important as AL Gore's will be and as important as Bush's endorsement to the republicans.
She's just upset that it took away the limelight of her win in W.Virginia, which I believe was not as big as a win in Iowa, Washington State, Maine and other bigger states. Now they said that because Obama didn't win WV there is no way he'll win the election in November?....yeah right. Funny how they are completely missing all his big wins. Of course they are trying to spin it as if all of his wins are not important...only the ones she won. Brother give me a break!
The sooner she is out of the race the more I can breath a sigh of relief!
You make an important observation.
The "arrogance" and "elite" accusations are tactics used ad nauseum in the absence of direct debate on issues, when trying to avoid confronting talking points that have been raised and when trying to run from fact and valid observations/opinions. Usually these accusations are made by folks whose own fund of knowledge is limited on the issues at hand and who are not inspired to research to broaden their own fact base in rebuttal.
This is when the accusations surface and attitudes are substituted for intelligent discourse. You are right. The confusion you describe and accusations of this nature are typically leveled against Obama, who does display confidence, intelligence, substance and ability to lead, which unnerves his detractors and send them into fits and tantrums.
If it is so important, where was it before Sarah Palin...
entered the race? Come on. You are trying to somehow add validity to making a 17-year-old political fodder. Now, after the cat is out of the bag, the political spin is being put on it. Go ahead and put the focus there...no one is going to be fooled by this. People who engage it in are still going to look like what they are.
Change vs. experience - which is more important to you?
I was listening to a focus group on C-Span and this was a question given to the group:
Change vs. experience - which is more important to you?
Keeping this thread nice how would you answer?
Moving to top of board....this is important.
THE FACTS: McCain's phrasing exaggerates both of these claims. Palin is governor of a state that ranks second nationally in crude oil production, but she's no more "responsible" for that resource than President Bush was when he was governor of Texas, another oil-producing state. In fact, her primary power is the ability to tax oil, which she did in concert with the Alaska Legislature. And where McCain called Alaska the largest state in America, he could as easily have called it the 47th largest state — by population.
REBUTTAL: She is responsible for negotiating any drilling of those resources. "Primary power" may be taxation, but she also has to oversee environmental issues, etc. She cracked the monopoly and forced oil companies to bid again, and she made a necessary portion of the bid that they address environmental issues. That was left out of the FACTS. While the population of the state may not be in proportion to the size of the state, her latest approval rating is 86%. That is unheard of. None of the other candidates enjoy that as senators from their respective states. That was also left out of the FACTS.
THE FACTS: While governors are in charge of their state guard units, that authority ends whenever those units are called to actual military service. When guard units are deployed to Iraq or Afghanistan, for example, they assume those duties under "federal status," which means they report to the Defense Department, not their governors. Alaska's national guard units have a total of about 4,200 personnel, among the smallest of state guard organizations.
REBUTTAL: When the National Guard is called up within a state, the governor does have the primary responsibility of mobilization and oversight. Since she is 50 miles from Russia, having control of the National Guard in that state is certainly central to our national security. And the operative word is AFTER the unit is deployed. Making the decision to call them up and send them to war IS her decision, and DOES affect national security.
THE FACTS: A Back-to-the-Future moment. George W. Bush, a conservative Republican, has been president for nearly eight years. And until last year, Republicans controlled Congress. Only since January of 2007 have Democrats have been in charge of the House and Senate.
REBUTTAL: This is true. But if Democrats truly believe in hope and change, they have had since January to actually do it. Have seen zip, zilch, nada. Got news for you...Bush is not a true conservative, especially fiscally obviously. McCain is.
THE FACTS: It's true that Obama voted "present" dozens of times, among the thousands of votes he cast in an eight-year span in Springfield. Illinois lawmakers commonly vote that way on a variety of issues for technical, legal or strategic reasons. Obama, for instance, voted "present" on some abortion measures to encourage wavering legislators to do the same instead of voting "yes." Their "present" votes had the same effect as "no" votes and helped defeat the bills. Voting this way also can be a way to duck a difficult issue, although that's difficult to prove.
REBUTTAL: Bottom line, he still voted "present." If he can't make a decision on those bills, he is going to be able to make the big ones to run the country? You can't vote present in the oval office. However, he did show up to vote NO to the Infants Born Alive act...twice.
THE FACTS: The Tax Policy Center, a think tank run jointly by the Brookings Institution and the Urban Institute, concluded that Obama's plan would increase after-tax income for middle-income taxpayers by about 5 percent by 2012, or nearly $2,200 annually. McCain's plan, which cuts taxes across all income levels, would raise after tax-income for middle-income taxpayers by 3 percent, the center concluded.
Obama would provide $80 billion in tax breaks, mainly for poor workers and the elderly, including tripling the Earned Income Tax Credit for minimum-wage workers and higher credits for larger families.
He also would raise income taxes, capital gains and dividend taxes on the wealthiest. He would raise payroll taxes on taxpayers with incomes over $250,000, and he would raise corporate taxes. Small businesses that make more than $250,000 a year would see taxes rise.
REBUTTAL: Look at this and digest it. First paragraph...Obama's plan will raise income for middle income taxpayers by 5% by 2012...he does not define "middle class." McCain's plan is going to CUT taxes across ALL levels and still raise the "middle income" by 3%. I think I will take the tax cut and the 3%. No brainer.
Obama wants to provide 80 billion in tax breaks to people who already pay almost 0 taxes. Where, pray tell, is that $80 billion going to come from?? Taxing the "rich" which will trickle down to loss of jobs and depression of the economy. Won't work. Never works. Case in point..small businesses that make more than $250,000 would see taxes rise. That is about every small family business in this country, who employ a lot of people. Just throw them all under the bus in order to cut taxes for people who pay the least taxes of all of us ANYWAY.
NO THANKS.
Tempting as that may be, this election is too important
Proof? Or is that not important to Dems?
Palin has never said word ONE about 'witchcraft.'
What you bitterly cling to is a YouTube video of Palin standing before her church's congregation for a blessing. (We whacky Christians do that stuff all the time, kuz, y'know, it works and stuff.) A VISITING minister from Africa (y'know, where Obama's father is from?) has CULTURAL beliefs which differ from western culture and in asking for God's blessing and protection he incorporated that word from his CULTURE.
Are you condemning Palin for what some visiting minister from Africa said? Or are you just condemning his CULTURE? Is that what you're using to try and whip up a frenzy about your cause celeb? So, so sad.
Can we say "Deliver us from evil?" (Lord's prayer since you probably aren't aware of that quote.) Would THAT be okay with you?
I say again, I worry about your fanatical obsession with the already disproven subject. Maybe there's a Salem 12-Step program or something. :)
Let's count how many more times you can throw out your 'lookie-lookie-guys-WITCHCRAFT' post before election day. Maybe you'll sway one person into voting for your candidate. Probably not, but there's no law against beating a dead horse I suppose.
Can't understand why you think experience is so important...
Obama and Biden have what, 35-36 years in the senate between them, a Dem majority for the past 2 years, congressional record full of JOhn McCain and yes, the Bush admin, warning of this very financial crisis...where the heck did experience get us...??? In one mell of a hess. I am ready for a little INexperience in Washington politics as usual. That is the LAST thing we need.
There are more important people you need to focus on
I know you really enjoy any information you find that you think will favor her poorly, but you should focus more of your time on the people in the DC crowd. There are some really bad people in office who make decisions that affect our every day life. People like Pelosi, Reid, Franks, Clinton, especially Obama, the people in charge of homeland security, the Patriot act (which by the way when Obama was running he said he'd do away or revise, but now he is increasing its power ever more). These are the issues that affect our lives, taxes, loss of jobs, loss of housing, etc.
It would do you a world of good to get off of the Palin bashing and focus on issues that affect us. Nobody cares about Sarah Palin anymore, her daugter, future son-in-law or any of that. It doesn't affect our lives.
Funny how you will focus on her, but you say squat about all the other governors that are doing crooked deals. And believe me there any way many more than this trivial stuff about Gov. Palin. If you focus on Chicago/Ill alone you will have enough corruptness to keep you busy til the next election. I know you don't like Palin, and search as hard as you can trying to find one single thing wrong and then pick and pick at it, but the dems need to let her be and live her own live. If she decided to run again in the future then you can trash her and all the reporters and news crew will destroy her life like they did this past election, but for now just give it a rest.
You really do need to get over her and stop scouring the internet for any minute news that favors her in an unfavorable light.
Not a YAWN to me. My country is more important
nm
The President has a lot more important issues to
What a moronic idea. And by the way - he's PRO-CHOICE.
One important thing we can all agree on:
Please sign this petition regarding HR 427 (Notify Americans before outsourcing information Act), and then forward it to all of your friends and family. It's amazing how many people don't know this is even happening!
After you sign the petition, with one click on the next page you can send the same thing in an email to all of your representatives automatically. The whole thing only takes a few seconds:
http://www.rallycongress.com/support-for-h-r-427-nabopia/1585/support-h-r-427-notify-americans-before-outsourcing-personal-information/
http://www.rallycongress.com/support-for-h-r-427-nabopia/1585/support-h-r-427-notify-americans-before-outsourcing-personal-information/
Why the balance of power is so important s/m
This is where the majority of all 3 tiers of the government can make such a difference. Say what you will/want about the GOP (I carry water for no one), but even they couldn't spend money this badly.
Just my 2 cents. I just want my country back. It's literally sliding right out of our hands by the day.
He also says he thinks 'labeling' is important....well, I
**
The running mate will be an important factor
I think McCain really needs a good running mate. I really liked Tancreda when he was running. A lot of my viewpoints aligned with his. I also like Ron Paul or Colin Powell (not sure if Powell is Dem or Rep), so if he picks a decent running mate who is "on the ball" about foreign and domestic issues (I think McCain is going to need all the help he can get) he may stand a good chance of winning, otherwise it's going to be hard to know who they will choose to be president.
Reality of Homelessness! Important Read!
I don't know what world you live in, but I see people with torn filthy clothes and holes in their shoes, who haven't bathed in months, lined up on the lawn of City Hall hoping to get a decent meal. They line up in the park on certain days to get sandwiches and a soft drink. Most of these people have mental illnesses and are unable to care for themselves. They were tossed out onto the streets when the government cut social programs and got rid of the mental institutions that were caring for them. They sleep behind bushes, sleep in sewer holes, and sneak into garages to get out of the rain. We have actually found dead bodies of homeless people in the garage of our apartment building! It is absolutely heartbreaking! By the way, this is in a neighborhood where 2-bedroom condos can sell for as much as $4,000,000 each! You can pay $4,000,000 for a condo, but there will be mentally ill homeless people sleeping in your bushes at night. They wander the streets aimlessly day and night. They stand on corners and yell unintelligible gibberish at people and cars as they go by. They are confused, frightened, angry, constantly in danger, and obviously mentally ill. I see it every single day, 24 hours a day, 7 days a week. Now, you tell me that our government is giving too much to the poor! At least 1/3 of these homeless people are women, which makes breaks my heart even more. I have personally tried to give them clothing, money, toiletries, and help in any way possible, but sometimes they don't even understand that I am trying to help them. Tell me again that our Country is doing all it can for the poor lost souls that need community programs to help them survive! I am so sick of all you whining suburban I-gave-a-donation-at-church people who have no idea what it truly means to be homeless. Flame me if you want...I speak the truth!
Reality of Homelessness - Important Read
I don't know what world you live in, but I see people with torn filthy clothes and holes in their shoes, who haven't bathed in months, lined up on the lawn of City Hall hoping to get a decent meal. They line up in the park on certain days to get sandwiches and a soft drink. Most of these people have mental illnesses and are unable to care for themselves. They were tossed out onto the streets when the government cut social programs and got rid of the mental institutions that were caring for them. They sleep behind bushes, sleep in sewer holes, and sneak into garages to get out of the rain. We have actually found dead bodies of homeless people in the garage of our apartment building! It is absolutely heartbreaking! By the way, this is in a neighborhood where 2-bedroom condos can sell for as much as $4,000,000 each! You can pay $4,000,000 for a condo, but there will be mentally ill homeless people sleeping in your bushes at night. They wander the streets aimlessly day and night. They stand on corners and yell unintelligible gibberish at people and cars as they go by. They are confused, frightened, angry, constantly in danger, and obviously mentally ill. I see it every single day, 24 hours a day, 7 days a week. Now, you tell me that our government is giving too much to the poor! At least 1/3 of these homeless people are women, which makes breaks my heart even more. I have personally tried to give them clothing, money, toiletries, and help in any way possible, but sometimes they don't even understand that I am trying to help them. Tell me again that our Country is doing all it can for the poor lost souls that need community programs to help them survive! I am so sick of all you whining suburban I-gave-a-donation-at-church people who have no idea what it truly means to be homeless. Flame me if you want...I speak the truth!
Important: An explanation we can understand.....see inside
Please read this, as this is finally an explanation in terms we can understand, of what this 700 billion plan will entail.
I hope they go into more details once it's all decided.
September 27, 2008
President's Radio Address
THE PRESIDENT: Good morning. This is an extraordinary period for America's economy. Many Americans are anxious about their finances and their future. On Wednesday, I spoke to the Nation, and thanked Congress for working with my Administration to address the instability in our financial system. On Thursday, I hosted Senator McCain, Senator Obama, and congressional leaders from both parties at the White House to discuss the urgency of passing a bipartisan rescue package for our economy.
The problems in our economy are extremely complex, but at their core is uncertainty over "mortgage-backed securities." Many of these financial assets relate to home mortgages that have lost value during the housing decline. In turn, the banks holding these assets have restricted credit, and businesses and consumers have found it more difficult to obtain affordable loans. As a result, our entire economy is in danger. So I proposed that the Federal government reduce the risk posed by these troubled assets, and supply urgently needed money to help banks and other financial institutions avoid collapse and resume lending.
I know many of you listening this morning are frustrated with the situation. You make sacrifices every day to meet your mortgage payments and keep up with your bills. When the government asks you to pay for mistakes on Wall Street, it does not seem fair. And I understand that. And if it were possible to let every irresponsible firm on Wall Street fail without affecting you and your family, I would do it. But that is not possible. The failure of the financial system would mean financial hardship for many of you.
The failure of the financial system would cause banks to stop lending money to one another and to businesses and consumers. That would make it harder for you to take out a loan or borrow money to expand a business. The result would be less economic growth and more American jobs lost. And that would put our economy on the path toward a deep and painful recession.
The rescue effort we're negotiating is not aimed at Wall Street -- it is aimed at your street. And there is now widespread agreement on the major principles. We must free up the flow of credit to consumers and businesses by reducing the risk posed by troubled assets. We must ensure that taxpayers are protected, that failed executives do not receive a windfall from your tax dollars, and that there is a bipartisan board to oversee these efforts.
Under the proposal my Administration sent to Congress, the government would spend up to $700 billion to buy troubled assets from banks and other financial institutions. I know many Americans understand the urgency of this action, but are concerned about such a high price tag. Well, let me address this directly:
The final cost of this plan will be far less than $700 billion. And here's why: As fear and uncertainty have gripped the market for mortgage-related assets, their price has dropped sharply. Yet many of these assets still have significant underlying value, because the vast majority of people will eventually pay off their mortgages. In other words, many of the assets the government would buy are likely to go up in price over time. This means that the government will be able to recoup much, if not all, of the original expenditure.
Members of Congress from both sides of the aisle have contributed constructive proposals that have improved this plan. I appreciate the efforts of House and Senate Democratic and Republican leaders to bring a spirit of bipartisan cooperation to these discussions. Our Nation's economic well-being is an issue that transcends partisanship. Republicans and Democrats must continue to address it together. And I am confident that we will pass a bill to protect the financial security of every American very soon.
Thank you for listening.
http://www.whitehouse.gov/news/releases/2008/09/20080927.html
I agree. It's like a sharp stick in the eye, but it's important to
nm
No, we dont know. If Obama is a liar, it IS important.
nm
There are much more important issues than gift giving.
This subject may be of interest to a child, but it has nothing to do with politics or issues that are important to adults. Who the heck cares whether Barack Obama believes in giving gifts? By definition, it was a rumor!
ru·mor
1. A piece of unverified information of uncertain origin usually spread by word of mouth.
2. Unverified information received from another.
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