http://action.credomobile.com/sirota/2008/09/obamas_bailout_statement_not_a.htmlBarack Obama released a new statement on the bailout proposal. IMHO, here's the best part:
"It is wholly unreasonable to expect that American taxpayers would or should hand this Administration or any Administration a $700 billion blank check with absolutely no oversight or conditions when a lack of oversight in Washington and on Wall Street is exactly what got us into this mess...The plan must include protections to ensure that taxpayer dollars are not used to further reward the bad behavior of irresponsible CEOs on Wall Street. There has been talk that some CEOs may refuse to cooperate with this plan if they have to forgo multi-million-dollar salaries. I cannot imagine a position more selfish and greedy at a time of national crisis. And I would like to speak directly to those CEOs right now: Do not make that mistake...This plan cannot be a welfare program for Wall Street executives."
Full text of Obama's remarks here:
http://www.jedreport.com/2008/09/obamas-plan-to-protect-taxpaye.html