Obama votes ‘Present’ on new economic rescue plan for now

CORAL GABLES, Fla. — Sen. Barack Obama today met with some of his many economic advisors and made an announcement that he was not going to make an announcement about any new plan to plan plans.

Obama did suggest a bipartisan effort to deal with the financial crisis wreaking havoc on Wall Street, always a good idea for any candidate after the primaries because it sounds good and costs nothing.

But Obama did not present any detailed proposal of his own for how to resolve the monetary situation that has roiled world markets in recent days.

Obama’s inaction prompted Jay Leno in his opening monologue tonight on “The Tonight Show” to point out an essential presidential campaign unfairness, that Obama has criticized McCain’s economic plan but the Republican can’t respond because “nobody knows what it is yet.”

After meeting with his top economic advisers, the Democratic presidential candidate said this was not the time to present specific details for how to fix the immediate problem, a reversal from what he had said a day earlier. Nor did he explain when a good time would be to explain such a rescue from the current financial crisis.

“Given the gravity of this situation,” Obama said with gravity, “based on conversations I’ve had with both Secretary Paulson and Chairman Bernanke, I will refrain from presenting a….

…more detailed blueprint about how an immediate plan might be structured until I can fully review details of the plan proposed by the Treasury and Federal Reserve.”

Read more at LA Times

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Comments

Hillary Clinton made some profound suggestions and has
a grip on how to deal with this crisis and she is not an
investment banker. It is not a good idea to have an
ex investment banker in total control of the proposed
solution. All he will do is act on his experience which
is that of an investment banker and that is how we got into
this mess. The investment bankers just don’t know when to stop, and they only think of themselves and have no thought
for anyone who might stand to lose by their chicanery.
He is the arch criminal or criminals and the whole idea of
letting him loose with 700B just for openers, when the
world is on the brink of a new dark age is a really bad
joke. It makes Faulty Towers look like “Midsummers
Night Dream” It is horrifying and Nancy Pelosi just
standing there beside him with her plastic surgery face
and her string of pearls is sickening beyond words.
Where are the citizens of the United States when you need them. Are they all out to lunch, and when do they ever
stand up and stick up for their rights. Does no one speak English anymore, how can this be happening it must be that
they have been hypnotized or all given labotomies because
noone is saying anything to stop this. The biggest heist
in broad daylight that has ever happened in the history of the world and it is on TV on the Internet and in the Newspapers and noone will help the country out.
No court supervision, no accountability, for 700B dollars
that doesn’t belong to him. Are we crazy? Wake up everybody it’s time to fight for our lives.

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