Democrats are going to fight!
by thezzyzx, Sun Sep 21, 2008 at 03:57:42 PM EDT
It looks like we might not just bend over today. Nancy is saying no!
Congress will respond to the financial markets crisis by taking action this week in a bipartisan manner that will protect the taxpayers' interests. The Administration's $700 billion proposal does not include the necessary safeguards. Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation.
"We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome. Democrats will act responsibly to insulate Main Street from Wall Street.
Who is taking the lead on this? One Barack Obama, that's who! While McCain spent the day - ummm, anyone know what he did today? - Obama was on a conference call with Democratic leaders to organize the response. That 7 point plan in Obama's speech today wasn't just for show.
"Spokesperson Linda Douglass says that the conversations were about devising a "quick, bipartisan solution" to the economic crisis and they touched on the principles that Obama laid out in a speech in Charlotte, N.C., today."
Obama is leading on this issue and helping to solve the crisis without giving away the store. It almost looks... what's that word again... presidential!