B
barackobama.campaign@gmail.com
Guest
NEW YORK, NY--In a major economic address at Cooper Union today,
Senator Barack Obama called for immediate relief for homeowners hit by
the housing crisis, modernization of our regulatory framework, and an
additional $30 billion stimulus package to jumpstart the economy and
help protect families from the economic slowdown. As confidence in our
financial markets wanes and Americans struggle in the face of a
mortgage crisis, Obama stressed the importance of pushing back on the
special interests and honoring our obligation to one another--and that
doing so is not just a matter of altruism but a matter of self-
interest.
"Under Republican and Democratic Administrations, we failed to guard
against practices that all too often rewarded financial manipulation
instead of productivity and sound business practices," Senator Obama
said. "We let the special interests put their thumbs on the economic
scales. The result has been a distorted market that creates bubbles
instead of steady, sustainable growth; a market that favors Wall
Street over Main Street, but ends up hurting both."
Obama was introduced at Cooper Union by Mayor Michael Bloomberg, a
legendary business executive who has shown deep commitment to
community and family prosperity as mayor of America's largest city.
In his speech today, Obama made the case that while markets are the
engine of American progress, the government's role as umpire and
steward is critical to the function of the free market. For too long,
he said, special interests have been able to bend the rules to
maximize their profits on the backs of hardworking Americans.
http://my.barackobama.com/page/community/post/samgrahamfelsen/gGBNsq
Senator Barack Obama called for immediate relief for homeowners hit by
the housing crisis, modernization of our regulatory framework, and an
additional $30 billion stimulus package to jumpstart the economy and
help protect families from the economic slowdown. As confidence in our
financial markets wanes and Americans struggle in the face of a
mortgage crisis, Obama stressed the importance of pushing back on the
special interests and honoring our obligation to one another--and that
doing so is not just a matter of altruism but a matter of self-
interest.
"Under Republican and Democratic Administrations, we failed to guard
against practices that all too often rewarded financial manipulation
instead of productivity and sound business practices," Senator Obama
said. "We let the special interests put their thumbs on the economic
scales. The result has been a distorted market that creates bubbles
instead of steady, sustainable growth; a market that favors Wall
Street over Main Street, but ends up hurting both."
Obama was introduced at Cooper Union by Mayor Michael Bloomberg, a
legendary business executive who has shown deep commitment to
community and family prosperity as mayor of America's largest city.
In his speech today, Obama made the case that while markets are the
engine of American progress, the government's role as umpire and
steward is critical to the function of the free market. For too long,
he said, special interests have been able to bend the rules to
maximize their profits on the backs of hardworking Americans.
http://my.barackobama.com/page/community/post/samgrahamfelsen/gGBNsq
