Video: First Presidential Debate - Oxford, MS
http://www.clipsandcomment.com/2008/09/27/video-first-presidential-debate-oxford-ms/
The First Presidential DebateSeptember 26, 2008 Following is a transcript of the first presidential debate between Senators John McCain and Barack Obama in Oxford, Miss., as recorded by CQ Transcriptions
http://elections.nytimes.com/2008/president/debates/transcripts/first-presidential-debate.html
Lehrer's first lead question
Let me begin with something General Eisenhower said in his 1952 presidential campaign. Quote, "We must achieve both security and solvency. In fact, the foundation of military strength is economic strength," end quote.
With that in mind, the first lead question.
Gentlemen, at this very moment tonight, where do you stand on the financial recovery plan?
http://elections.nytimes.com/2008/president/debates/transcripts/first-presidential-debate.html
Lehrer's followup question point blank using terminology "recovery plan"...
LEHRER: All right, let's go back to my question. How do you all stand on the recovery plan? And talk to each other about it. We've got five minutes. We can negotiate a deal right here.
But, I mean, are you -- do you favor this plan, Senator Obama, and you, Senator McCain? Do you -- are you in favor of this plan?
http://elections.nytimes.com/2008/president/debates/transcripts/first-presidential-debate.html
Both presidential candidates were asked about the bailout plan first question as we can see.
Both gave a general answer which showed one commonality. Wall Street will be bailed out in some way.
After their initial remarks wherein nothing of substance was said, Moderator Jim Lehrer pressed further asking what each would do if President after the plan - whatever plan - is enacted - to deal with and hopefully settle the financial crisis. Again, neither were specific, but it was clear each was on board with some sort of a bailout plan.
Lehrer pressed even further wording his question again to get a yes or no answer, he even suggested the pair give a yes or no answer on the plan...
Barack Obama noted something had to be done, quickly.
reading into that, his answer was OK on the substance not so OK until there are details.
John McCain when pressed if he supported the plan said, "Sure."
While listening to the remainder of the two candidates' remarks, we stand by our original estimation - both are the same same coin. Merely different sides.
One will look you straight in the face all night and say little, the other won't look you straight in the face all night and say little - about the most horrific potential economically since the Great Depression.
Go figure.
We don't have to. The reason both said nothing about the bailout how it will work, or not, how it will affect their whichever Presidency - is their Council of Foreign Relations (CFR) pals, and their conservative or liberal guru think tanks, have not yet figured out how to sell this sight unseen (pass it quickly, quickly) boondoggle and windfalls to who - you - the public.
The suckers who are going to have to pay for the bailout ultimately.
The pair didn't address the financial crisis because nobody could tell them beforehand in their practice sessions why Warren Buffet will be able to base a so-called loan of his personal wealth to one of the better financial institutions on an immediate pay back of potentially some 10 percent of new "assets" or profit.
Meanwhile the U.S. public's loan that's really a tax-free gift will have no chance in hell of ever being paid back!
Mort Zuckerman basically said the same thing on Morning Joe. Buffet is helping out on the more stable while the taxpayers are getting stuck on the riskier "mortgages."
(Uh try stocks... dipping dipping gone...)
... manifest bailout of the same people who caused this problem... says Zuckerman.
The administration has warned that, unless Congress acts quickly, the economy could plunge into a depression.
http://www.politico.com/news/stories/0908/13809.html
Again. Go figure if you'all want. But the answer is the power elite behind both candidates (CFR, et al) could not provide a definitive reason why the taxpayers have to pay out nearly a trillion dollars - and with the interest far more than that to the same gang as Zuckerman unhestitatingly reveals (which was surprising as all get out since reportedly he holds membership in the CFR) WHO CAUSED THE CRISIS with their his words GREED!
Zuckerman basically called the taxpayers sitting duck$$$$.
See how it works? Congress will borrow the money from foreign investors as those are the only ones with any money like Japan and China and maybe even Russia with their Caspian Sea oil potential to bail out the same greedy people who got us in to this MESS.
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