FROM BARACK OBAMA'S WEBSITE AND NEWSLETTER:
The first question of the debate tonight was in reference to the current financial crisis. Here are the following principles that Senator Obama believes should guide legislation designed to address the current economic rescue plan:
First, there must be oversight. We should not hand over a blank check to the discretion of one man. We support an independent, bipartisan board to ensure accountability and complete transparency.
Second, we need to protect taxpayers. There should be a path for taxpayers to recover their money, and to turn a profit if Wall Street prospers.
Third, no Wall Street executive should profit from taxpayer dollars. This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis.
Fourth, we must help families who are struggling to stay in their homes. We cannot bail out Wall Street without helping millions of families facing foreclosure on Main Street.
Fifth, we both agree that this financial rescue package should move on its own without any earmarks or other measures. We have different views about the need for other action, but this must be a clean bill.
This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe. This is not a Democratic problem or a Republican problem – this is an American problem. Now, we must find an American solution.
In Barack's most recent video, a direct to camera released yesterday, he talks specifically to Americans about how he will strengthen the middle class and help get the economy back on track. Watch the video "A stronger economy" below...
Visit
BarackObama.com/plan for more on Senator Obama's plan to bring about real change to our economy.