Obama: NO BLANK CHECK!

At the rally in Charlotte, NC going on right now, Obama just said "No Blank Check!" for the financial crisis and the tax payers shouldn't be expected to hand out huge checks to CEOS (paraphrasing the last part).

The crowd went wild!

GOBAMA!

Turn North Carolina Blue!

Edited to remove the link to the rally, because it was a live-feed. Hopefully when someone finds a link to the video, they can post it.

He is our only hope right now. He is saying exactly what I want to hear, as someone who is very apprehensive right now.

And today looks like more of the same.

And yes, let's win North Carolina.

I'm so used to out-of-touch politicians. It's nice to have someone with their finger right on the pulse of the average American. God, it's refreshing!

and brought it home to health care and insurance companies.

Health care, the financial crisis, job creation....good themes.

One might think Obama has spent the last week studying Marx and eating babies ....

Ya gotta love Wolf Blitzer's blithe cheerleading for the GOP .... Always a straight face ....

I think Regis Philbin could conduct a more insightful interview than Blitzer.

As it stands, I'm 90% sure Chimp'll get what he wants.

and make sure it happens.. Don't hand them total control of us... also liked how he said this isn't the time for panic and worry.. use our heads and face up to the challenges.. We will avoid a depression the best we can..

:kick:

unlike the 'corporate socialism' of Bushco.

and said you guys better read the fine print, let's not have an Economic Patriot Act of 2008!!

Good that he is coming out against a blank check. They better have some serious strings tied to this goddamn bailout. :mad:

...then Obama will probably support it, like he did the FISA bill.

It's up to Nancy Pelosi to stand up to Bush or cave.

If Pelosi caves, nearly all the Republicans will vote for her bill and so will enough Democrats to pass it (even if it's a minority of Democrats.)

We'll see where the candidates - Obama and McLame - REALLY stand on economic solutions, equity, and fairness.

Watch McLame get boxed in by his conservative darwinistic "you're on your own" trickle-down pain philosophy.

Check out the "fix" Obama is proposing ---

The whole idea of the Bush Administration plan is for corporations to trade bad investments for cash.

If the investments were valuable, they could be re-sold in the private sector instead of selling them to the government.

Obama seems to be implying that the $700 billion is money we'll get back, when we won't.

The message Obama is sending today is he will not support the blank check "bailout" solution unless there are serious strings in place. It will be fascinating to watch this play out, in terms of policy and politics.

Seems like these people who brought about all this mess still think entitled to whatever they want with with no questions asked too, so what else is new :shrug:

Charlotte is where the head quarter of Bank of America & Wachovia the 1st and 3rd largest banks in the US
Saying 'no blank check" there is certainly saying it in the lions den.

I know you're working hard in NC to deliver for him in November, and I'm betting that you can pull it off! GObama! :dem: K&R!

the Dem party follows his lead and they don't waver.

It says it's "no video is available" or some shit like that.

And now the rally is over. Hopefully they will post a vid of it soon.

I really see FIVE principles, not 4, and IMO principle #4 may be the dealbreaker.

From http://my.barackobama.com/page/community/post/samgrahamfelsen/gGgmmL

(1) "For too long, this Administration has been willing to hit the fast forward button in helping distressed Wall Street firms while pressing pause when it comes to saving jobs or keeping families in their homes. Swift and unprecedented action to shore up Wall Street must come alongside equally swift and serious efforts to help struggling families on Main Street, create new jobs, and grow our middle-class once more."

(2) "Extraordinary steps must be designed with only the public good in mind, not to enhance the personal gain of CEOs and management at taxpayers' expense."

(3) The "plan must be temporary and coupled with tough new oversight and regulations of our financial institutions. There must be a clear process to wind down this plan and restore private sector assets into private sector hands after restoring stability to the system."

(4) "Taxpayers must share in any upside benefit that such stability brings."

(5) "Finally, this plan should be part of a globally coordinated effort with our partners in the G-20. We are facing a global financial crisis and the United States can take a leadership role in coordinating a global response to the present crisis, as well as greater regulatory cooperation and alignment to prevent future crises."

See also http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7121546 and "Barack Obama on the Emerging Federal Reserve - Treasury Plan" at http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7118911

talking point right now! And, it's true..why the hell should we pay for their greed?

mccain campaign is busy scrambing to keep palin's secrets in Alaska and Obama's on the campaign trail bein' REAL.

I was just befuddled to hear someone say on a call-in to Washington Journal that the way to solve the economic crisis was to DRILL. OMFG, some of these people are just hopeless.

Here's to hoping the "bottom up" Obama-nomics will be enacted quickly and effectively.