Barack Obama: 'Put out that fire'

[babylonsister]

http://www.swamppolitics.com/news/politics/blog/2008/10/barack_obama_put_out_that_fire.html

Barack Obama: 'Put out that fire'
Posted October 1, 2008 5:15 PM
The Swamp

by Mark Silva


"Understandably, people are frustrated and they're angry that Wall Street's mistakes have put their tax-dollars at risk,'' Sen. Barack Obama of Illinois said on the Senate floor late this afternoon, as the Senate prepared to vote tonight on a $700-billion federal bailout for banks aimed at averting economic crisis. "And they should be, I'm angry and frustrated too...

"It affects the financial well-being of every single American,'' the Democratic nominee for president said. "There will be time to punish those who set the fire... Right now, we want to put out that fire.''

"When the House of Representatives failed to act on Monday, we saw the largest single day decline of the stock market in two decades,'' he said. "While that decline was devastating, the credit crunch that caused will be even worse if we do not act... This is not just a Wall Street crisis. It's an American crisis. And it's the American economy that needs this rescue...

"Even with all these taxpayer protections, this plan is not perfect.''

"But it's clear that, from my perspective, this is what we need to do right now, to prevent the possibility of a crisis turning into a catastrophe...

snip//

Obama closed with Franklin Delano Roosevelt, speaking of that which is more important than currency - "the confidence of the people themselves... Let us united in banishing fear. Together we cannot fail. We cannot fail. Not tomorrow... Not next year.''

"Here in America,'' he said, "our destiny is not written for us. It's written by us.''

[Psst_Im_Not_Here]

1. love this part

"the confidence of the people themselves... Let us united in banishing fear. Together we cannot fail. We cannot fail. Not tomorrow... Not next year.''