John McCain is returning to Washington to turn the tide in Congress and get banking bailout legislation passed. Where in the world is Barak Obama? Traveling the country campaigning. His plan is to talk about change rather than delivering change. He is still on the Senate payroll. This is shaping up to be THE most important legislation that the Senate votes on this year. He believes that to be Presidential you have to do more than one thing at a time.
This crisis is about your job, life savings, 401(k) and the financial future and the financial futures of your children and grandchildren. To have nothing happen is unthinkable. It's a given that the taxpayers are going to get a raw deal. So time to get something passed that minimizes the impact on the taxpayer, is not a give away to financial institutions and solves the problem that Obama supporter and highly respected investor Warren Buffett calls a Financial Pearl Harbor.
In the 1970's when New York City was in a financial crisis of it's own President Ford told the city to bail itself out. The headline in the Daily News was 'Ford to NYC: Drop Dead'. The Daily News should get those printing plates out of mothballs becase they're needed again.
Wednesday, September 24, 2008
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