What McCain DIDN'T want to include in the joint financial proposal

[babylonsister]

I'd be interested in knowing what his problem is with these five points.

http://marcambinder.theatlantic.com/archives/2008/09/on_the_cutting_room_floor.php

On The Cutting Room Floor...

24 Sep 2008 08:35 pm


The Obama campaign proposed the following five points...joint principles, along with a joint statement.

The McCain campaign did not want to include them, and so the statement was sent out without these bullet points:

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 solutions.