The LuLac Edition #579, Sept. 22nd, 2008
DAYS TO DEBATE
Friday is the big showdown for the first Obama-McCain debate. It will be about foreign policy but you can bet the talk will be about the economy. This Friday. Big stuff.
McCAIN TO SCRANTON
Senator McCain came to Scranton today to the Cultural Center. Had a decent crowd, here's some of the remarks he made prior to the meeting:
You are very kind to invite someone with a name like McCain, a Scots-Irish descendent whose family came to the New World some generations ago. I hope you won’t hold it against us – I do try to get back to the island as often as possible.
I’d like to talk about some issues that are of particular concern to Irish-Americans, but before I do, I’d like to take a couple minutes to talk about an issue that is concerning to us all, and that is the economic crisis that we have all been following since last week.
On Friday, I laid out my plan for addressing this crisis. At its heart, my plan is about keeping people in their homes and safeguarding the life savings of all Americans by protecting our financial system and capital markets. These are my priorities.
Senator Obama has declined to put forth a plan of his own. At a time of crisis, when leadership is needed, Senator Obama has simply not provided it.
And the truth is that we don’t have time to wait for Senator Obama’s input for our nation to act. I think it is clear that Congress must act and must act quickly. I laid out my plan and my priorities last Friday. I spoke to Secretary Paulson over the weekend, and I’ve been looking at the plan the administration has put forth. I urge Congress to study this proposal carefully as they consider the remedy for this crisis.
As for me, I am greatly concerned that the plan gives a single individual the unprecedented power to spend $1 trillion - trillion – dollars without any meaningful accountability. Never before in the history of our nation has so much power and money been concentrated in the hands of one person. This arrangement makes me deeply uncomfortable. When we are talking about a trillion dollars of taxpayer money “trust me” just isn’t good enough.