Tuesday, September 16, 2008

This Thing Must Be Done

John McCain wants a blue-ribbon commission to ponder the economic hell in which we find ourselves.

Barack responds:
Now I certainly don’t fault Senator McCain for all of the problems we’re facing, but I do fault the economic philosophy he subscribes to. Because the truth is, what Senator McCain said yesterday fits with the same economic philosophy that he’s had for 26 years. It’s the philosophy that says we should give more and more to those with the most and hope that prosperity trickles down. It’s the philosophy that says even common-sense regulations are unnecessary and unwise. It’s a philosophy that lets Washington lobbyists shred consumer protections and distort our economy so it works for the special interests instead of working people.

We’ve had this philosophy for eight years. We know the results. You feel it in your own lives. Jobs have disappeared, and peoples’ life savings have been put at risk. Millions of families face foreclosure, and millions more have seen their home values plummet. The cost of everything from gas to groceries to health care has gone up, while the dream of a college education for our kids and a secure and dignified retirement for our seniors is slipping away. These are the struggles that Americans are facing. This is the pain that has now trickled up.

So let’s be clear: what we’ve seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed. And I am running for President of the United States because the dreams of the American people must not be endangered any more. It’s time to put an end to a broken system in Washington that is breaking the American economy. It’s time for change that makes a real difference in your lives.

If you want to understand the difference between how Senator McCain and I would govern as President, you can start by taking a look at how we’ve responded to this crisis. Because Senator McCain's approach was the same as the Bush Administration’s: support ideological policies that made the crisis more likely; do nothing as the crisis hits; and then scramble as the whole thing collapses. My approach has been to try to prevent this turmoil.

In February of 2006, I introduced legislation to stop mortgage transactions that promoted fraud, risk or abuse. A year later, before the crisis hit, I warned Secretary Paulson and Chairman Bernanke about the risks of mounting foreclosures and urged them to bring together all the stakeholders to find solutions to the subprime mortgage meltdown. Senator McCain did nothing.
Folks -- particularly my local readers in the DC area -- this thing must be done. Virginia is the place where the whole shitstorm is going to play out. Fuck lipstick. Fuck sex-education for kindergartners. We must be warriors.

6 comments:

The Viscount LaCarte said...

Off topic. We missed you last night. "Is Ned coming? Anyone hear from Ned? Where's Neddie...?

Casey said...

Go, man, go. I've started helping friends register young, hipster voters at a theater near my home -- my pals have been doing this every weekend for a years and have registered more than a thousand people.

I'm also calling in-state prospective volunteers and swing-state voters. You're right. We have to get this done.

Will Divide said...

McC's call for a commission struck me as the fatal self-inflicted blow. There is nothing dumber in the Heartland, gets Joe and Jane Sixpack's eyes rolling faster, than a proposal to set up a new blue ribbon panel.

Neddie said...

I've only just now figured out what this even means!

My Facebook mail goes into my spam folder. I didn't even know anything was happening.

The Viscount LaCarte said...

Next time I'll just leave a comment here and send you an email.

Sylvia said...

I was knocking on doors in Loudon county yesterday afternoon (Sunday). Yes, we came all the way over from Muddy Spring... (other side of the Potomac)and will probably be there next week too!