Posted on 09/23/2008 10:40:53 AM PDT by ConservativeMan55
Watch the video...
Obama
"Well I think there are a couple of core principles that have to be put into place."
Lauer
"Dealbreakers?"
Obama
"Dealbreakers. I.. I.. think you have to have some mechanism of oversight. You can't give one.."
Lauer
"But both sides agree on that."
Obama
"Both sides agree on that. But.. the.. the administration hasn't been entirely clear on whether they agree with it but, the bottom line is you can't give one person authority over 700-billion dollars without any oversight whatsoever.
So I think that's gonna be important. The second thing that's gonna be important is to uh make sure the criteria by uh which firms participate.. the way it's set up.
So taxpayers get the upside and not just the downside. We want to make sure taxpayers are benefiting. Third principle is.... this can't simply be a bailout for investors and CEO's and shareholders.
They've got to take a hit for the bad decisions that they've made."
Lauer
"But how much time do you have to vet this? The talk is this has to get done in the next week or two weeks.
If you're lucky enough to be elected President..
STOP THE TAPE... OBAMA TAKES A BIG SMILE WHEN LAUER SAYS "IF YOU'RE LUCKY ENOUGH TO BE ELECTED PRESIDENT."
OBAMA LIKE A LITTLE MANCHILD.. "HOLY CRAP.. I COULD BE PRESIDENT.. HEHE. HE'S SMILING WHILE LAUER'S TRYING TO ASK HIM SOME SERIOUS QUESTIONS HERE. WHILE WE'RE IN THE MIDST OF A FINANCIAL CRISIS THIS BOZO THINKS IT'S SO COOL HE'S COULD BE "PRESIDENT"
Lauer
"If you're lucky enough to be elected President, and it turns out this plan has flaws. They are not going to want to hear from you.. "we were rushed into this" They're going to say you voted yes pal. It's yours."
Obama
"Well uh.. ye.. this is why we've gotta think about this in two phases.
We've got a short term crisis that has to be dealt with in a bi-partison fashion. And then we have a long term structural set of problems we've got to deal with. "
Lauer
"You've laid out an ambitious plan. You want to improve healthcare, you want to improve education.. the infrastructure, investment in energy and.. oh boy
Here comes this 700-billion dollar bill that wasn't apart of your thinking when you laid out this plan. If I'm a voter and I want to decide whether I want to vote for you or Senator McCain..
Don't I have a right to know from you right now which of those things are gonna get hit by the budget axe before I vote for you?"
Obama
"Although we are potentially providing 700-billion dollars in available money to the treasury. We don't anticipate that all that money gets spent right away.
And we don't anticipate that all that money is lost. How we're gonna structure that in budget terms still has to be decided. Does that mean I can do everything I've called for in this campaign?
Right away probably not. We're gonna have to phase it in and a lot of it's gonna depend on what our tax revunues look like.
Lauer
"Part of this whole ecnomic picture was the AIG situation. On Tuesday night the Fed decided to bail them out.
Huge amount of money. That morning prior to the bailout John McCain said that the federal government should not bail out AIG.
You chastized him on the campaign trail. So the message to those voters.. John McCain didn't grasp the scope of the situation and the the fallout from the failure of AIG?"
Obama
"I think what's been clear this entire past ten days has been John McCain has not had clarity.. and and.. a grasp on the situation.
Lauer
"John McCain said that on our program.. to me. Three minutes later in an interview with Meredith Viera.
Joe Biden your running mate was asked the exact same question.
Should the federal government bailout AIG? And he said no. So it looks like...
Obama
"I think in that situation Joe should have waited as well."
Lauer
"But it's the kind of thing that drives people nuts about politics. It sounds like you were trying to score some political points against John McCain using his words.
When your own running mate used very similiar words.
LOL
Of course....Matt was actually just begging him to take HILLARY!! Otherwise it was a big fat NOTHING BURGER!
BUMP
I think it was better than the O’Reilly interview
Translation: we want to make sure that all those "underprivileged" who've been "served" with mortgages they can't possibly repay are let off the foreclosure hook by giving even more money to ACORN for "credit counseling" and creative blackmail financing,
Lauer was more of a gentleman, I’ll give you that.
The circumstances were better now for a harder hitting interview.
Lauer asked Obama how he was going to implement his plan AND this 700-billion dollar bailout.
Obama’s answer: “Well uh.. my plan may not be implemented right away”
Thanks for the bump!
In other words, when revenues drop due to Obama raising rates, he'll cancel his spending programs. Fat chance. His economic program is as dishonest as it is ignorant.
You hit the nail on the head.
I truly hope that you are right. Perhaps I am a cynic, but I fear the electorate will not decide on the issues.
Obama is black, good looking, and speaks in an appealing way of "change". McCain is old, and a Republican. That's all most people need to know, I'm afraid.
But Palin is young, good looking and a reformer.
She adds to the ticket. Biden adds nothing but Gaffe’s to Obama’s ticket.
ping!
I spoke with Comrade Lauer at our weekly cell meeting and instructed him to begin wounding Obama. Our Communist leaders have decided that he is not thoroughly committed to the worldwide Communist takeover of America.
LOL
Agree on both counts.
What was shocking about it was that the tone was somewhat close to the tone network schlubs usually use exclusively with Republican politicians.
Particularly out-of-character was the gotcha moment when he corned Obama on McCain's statement, let him walk out on the limb and claim it showed that McCain was clueless, then sawed off the limb by pointing out that Obama's running mate said essentially the same thing.
Lauer must have eaten a bowl of Wheaties at a Holiday Inn Express that morning.
EVERYONE is losing money.
Journos are losing jobs.
Lots of people with good jobs, good incomes and good credit have equity lines based on home values that are no longer accurate. Those in use must be serviced. Some have been frozen.
Unless you are willing to take high risk, all asset classes are dodgy at the moment.
Fear and panic are going to rule for awhile. I expect lots of finger pointing and no room under any bus, anywhere.
Personally, we have been in survival mode since April. While we have had some days when things looked hopeful, they were few/far between and not good enough.
Everyone tries to sound authoritative and no one has a freaking clue. No one.
Matt will turn up on Olbermann’s worst person in the world thing.
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