FROM BARACK OBAMA'S WEBSITE AND NEWSLETTER:
Barack just finished speaking at a rally in Grand Rapids, Michigan where he discussed the current financial crisis, the vote in the Senate last night, and his plans to address our financial situation moving forward.
Now, let me be perfectly clear. The fact that we are in this mess is an outrage. It’s an outrage because we did not get here by accident. This was not a normal part of the business cycle. This did not happen because of a few bad apples.
This financial crisis is a direct result of the greed and irresponsibility that has dominated Washington and Wall Street for years. It’s the result of speculators who gamed the system, regulators who looked the other way, and lobbyists who bought their way into our government. It’s the result of an economic philosophy that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else; a philosophy that views even the most common-sense regulations as unwise and unnecessary. Well, this crisis is nothing less than a final verdict on this failed philosophy – and it’s a philosophy I’m running for President to end.
That’s what this election is all about.
Read the full remarks, as prepared for delivery . . .
Barack in Grand Rapids, MI: "The final verdict on a failed philosophy"
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