Obama offering some MAJOR leadership on the bail-out today

[Kurt_and_Hunter]

Has now made a commitment to actively Sell passage of the bill. Taking ownership, and doing an excellent job of it. (Speaking at rally in Reno)

* Framed as rescue, not 'bail-out'

* Situation affects everyone in America

* Needed to prevent small business lay-offs and missed pay-rolls

* Not a hand-out to wall street millionaires

* Suggests raising FDIC insurance ceiling to 250K

* Emphasizing that loss of 700 Billion is highly unlikely and that break-even or profit are distinct possibilities.

That selling job should have been done by House leadership a week ago, but better late than never.

Meanwhile, McCain is running ads about what crap the bill is, while pretending to work for passage.

[GetTheRightVote]

1. Obama needs to call Hillary and get on the band wagon with her

She is calling for the HOLC to be put back into place so that home owners are given better conditions on their homes rather then lose them or go into bankruptcy.

Go Hillary !!!

:grr:

[Kurt_and_Hunter]

2. Couldn't hurt. "Clinton" is a trusted economic brand-name

[izzybeans]

12. I couldn't agree more.

[Kurt_and_Hunter]

18. Embracing a new HOLC has upside

[Kurt_and_Hunter]

27. ---

[grasswire]

3. I noticed the reverse pie-hole effect when he was speaking (eom)

[Kurt_and_Hunter]

4. That's sounds promising, but I don't know the phrase

Is that a term for people shutting up?

[demnan]

6. Every time Bush speaks

the Stock Market goes down

[Kurt_and_Hunter]

9. gotcha. thanks

[grasswire]

15. well, it isn't just Bush

....but works with many Republicans. Split screen, with the speaker and the DOW both visible, and the DOW is sinking as the speaker talks. That's the pie-hole effect.

[blondeatlast]

5. That's precisely the message we need. Too many of the middle class

are getting the idea that they won't be affected; I've seen it posted here way too much.

It's going to hurt, but we'll make it with a smart crew at the helm.

[SIMPLYB1980]

7. K&R! Listen to Obama people he knows what he is doing.

[prolesunited]

8. I liked his pledge

to go over it with a fine-tooth comb when he takes office and change anything that's not working for the benefit of the taxpayers.

It's reassuring to me. If the plan was a poison pill designed to sink him when he took office, why would he be out there advocating its passage. Either we trust him or we don't.

[Kurt_and_Hunter]

16. Yes, the fact he will be president soon is a legitimate consideration

[Alter Ego]

22. If you ever say this again I will come to your house, strap you down to a chair

and force you to watch eight consecutive Super Bowls featuring the Buffalo Bills and the Minnesota Vikings.

We don't know he's going to be President--I feel like Josh Lyman of "The West Wing" right now.

[Kurt_and_Hunter]

24. You're a pessimist. I think Obama will be an even better president than Dewey!

[Kurt_and_Hunter]

30. ...

[blondeatlast]

19. That's why I thought the bill should go forward. The adults will take charge in January;

that would be a mighty fine "honeymoon" overhaul to oversee.

[ClarkUSA]

10. Watch McCopycat come out soon and make the same points while he's "working" toward a bailout.

He's already copied Obama's idea about raising the FDIC insurance ceiling to $250K this morning.

Does McGramps have a single original policy point to make on this issue? :eyes:

[izzybeans]

11. He needs to tack the "New" New Deal initiatives to this rescue.

This is fine and all, but I'm underwhelmed, if this is all that was said. but I'll wait to see it for myself.

[Median Democrat]

13. Big Media Has Been Underplaying Obama's Role - In Fact ...

Some media outlets are now selling the increase of the FDIC cap as McCain's idea even though Obama announced it this morning at 6:55 a.m., then McCain agreed two hours later.

[ContinentalOp]

14. What? The same bill? WTF?

Why can't we get a new one?

[amandabeech]

25. This one will give insurance on $250,000 instead of $100,000 per person

per type of account.

I would like to see an explanation of that change, because it doesn't help those in the lower 50% of the income distribution directly.

[Kurt_and_Hunter]

17. Need more Obama avatars in this thread. C'mon gobama crew!

[blondeatlast]

20. Ahem...

I like Declan McManus as much as anybody but..

(KIdding!) :hi:

[Kurt_and_Hunter]

26. just noting an irony, but point taken

[mvd]

21. Sounds good

I trust Obama that things are important, but things can be worked out. Bush wanted to rush so he could get a bill favorable to the wealthy and possibly help McSame's sagging campaign.

[chicagoexpat]

23. What, Obama might be RIGHT & 100 anonymous DU'ers might be WRONG on the rescue? Who'da thunk?

More on crisis...
State of Massachusetts denied credit!

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=7256498&mesg_id=7256498

[Kurt_and_Hunter]

28. And the media people keep saying he hasn't taken a stand

[Coexist]

29. I agree - McCain me-tooed the $250k in hours flat.