The Trail: A Daily Diary of Campaign 2008

Archives

Barack Obama

Obama Urges Senate to Pass Rescue Plan and 'Put Out That Fire'

By Jonathan Weisman
Sen. Barack Obama returned to the United States Senate this evening to deliver an unflinching defense of the $700 billion Wall Street rescue plan to be voted on tonight, imploring members from both parties leery of the plan to "step up to the plate" and "do what's right for the country."

Speaking from an obscured corner of the chamber, behind the desk of a junior senator, Obama said the path out of the current financial crisis would be a rough road. "There's no real separation between Wall Street and Main Street," he said. "There's only the road we're traveling on as Americans, and we will rise or fall on that journey as one nation and as one people. I know that many Americans are feeling anxiety right now, about their jobs about their homes, about their life savings. But I also know this: that we can steer ourselves out of this crisis. We always have."

In an extended campaign for the presidency, Obama and his rival, Sen. John McCain of Arizona, have missed a substantial number of votes, but both left the campaign trail today to vote for the massive rescue package when it comes up around 9 p.m. tonight. The measure still has opposition from the left and the right, but with Obama, McCain and the Democratic and Republican leadership backing it, the measure is expected to pass the Senate easily.

In a brief Capitol basement interview, Obama said he had spoken with "quite a few" House lawmakers today, although he offered no names beyond House Speaker Nancy Pelosi (D-Calif.).

His Senate floor speech reprised the campaign address he gave earlier in the day in LaCrosse, Wis., when he decried the greed and deregulatory zeal that he said brought the nation to this point but said, "There will be time to punish those who set this fire. But now is not the time to argue about how it got set, or did the neighbor sleep in his bed or leave the stove on. Right now, we want to put out that fire."

Obama came onto the floor at the tail end of a speech by scandal-scarred Sen. David Vitter (R-La.), who then left the chamber. Democratic senators filed in, but only one Republican, Sen. Jeff Sessions of Alabama, sat on the GOP side of the aisle.

When Obama finished, he was mobbed by well-wishers who shook his hand, hugged him and spoke at length. A few of them, Sens. Sherrod Brown (D-Ohio) and Bernie Sanders (I-Vt.), are not likely to take his advice on the vote.

Posted at 5:49 PM ET on Oct 1, 2008  | Category:  Barack Obama
Share This: Technorati talk bubble Technorati | Tag in Del.icio.us | Digg This
Previous: Aides Promise an Aggressive Palin in VP Debate | Next: McCain Revives Immigration Fight in Spanish


Add 44 to Your Site
Be the first to know when there's a new installment of The Trail. This widget is easy to add to your Web site, and it will update every time there's a new entry on The Trail.
Get This Widget >>


Comments

Please email us to report offensive comments.



It should be obvious now, to all but the most stubborn of his supporters, that McCain's shenanigans last week were just desperate politically motivated tactics.

McCain went back to the senate and instead of speaking out (one way or the other) regarding the bill- the bill that last week he claimed was such a crisis he had to suspend his campaign- McCain just sat there silently prior to the vote, while once again, after working behind the scenes for 2 weeks, Obama showed true leadership.

McCain and his trophy VP are BOTH unqualified to lead this country.

Posted by: julieds | October 2, 2008 1:02 AM

As usual, Sen. Obama is all talk.
Watch this CSPAN video. Barney Frank, Maxine Waters and democrats are definitely to be blamed back in 2004 for stopping the regulation of Fannie and Freddie and the mainstream media do not even care to report. Obama is part of the problem and not solution.
http://www.youtube.com/watch?v=3p1Wc2NFa3w

Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
http://www.youtube.com/watch?v=dn2ODtyIH0o

I can understand if Senator McCain is frustrated because the media is so biased.
I believe that Sen. McCain and Gov. Sarah will fight for the people and cleanup Congress.
McCain was one of the three sponsors of the bill to create the new Treasury department regulatory
agency over Fanny/Freddie. It was killed in committee, before it went to vote by Frank and Dodd.

Posted by: idi1111 | October 1, 2008 11:15 PM

.
lclifton:
"Obama is inherently evil."

The man is a scumbag who has scumbag friends. Birds of a feather flock together. Always.

.

Posted by: Billw3 | October 1, 2008 10:01 PM

I CAN'T WAIT FOR NOVEMBER SURPRISE! We Americans are not stupid, we already know enough about McCain and Mama Barracuda to know that they will bring the country even deeper into the hole. What is palin going to do for the economy? Sell Airforce 1 on Ebay? to save money?

I JUST THOUGHT OF SOMETHING ELSE. Palin and Bush have both fired government officials for personal gain. ohooo!

Posted by: angelou | October 1, 2008 8:09 PM

Obama is inherently evil. That is why he was jeremiah wright's alter boy for twenty years. Obama is an ACORN trainer from Chicago southside. He is into voter fraud through his "civil rights" groups. He knows nothing about capitalism, because he is a communist. if you think things are bad now, with pelosi reid in charge, wait until the real leftists take over....

Posted by: lclifton | October 1, 2008 8:06 PM

EXACTLY what makes Palin a good choice for president?

Her years of experience dealing with a town of 10,000 followed by a state of less than a million?

There's no single place in Alaska that even has a population of 100,000. I have more people living in my local neighborbood than the entire state of Alaska. Is she really ready to handle BIG problems that affect hundreds of millions?

Palin had it easy. For it's population Alaska is the richest state in the union. Just sitting at home watching Tv the average Alaskan earns money because of tax credits and oil revenues. So technically EVERYONE IN ALASKA GETS WELFARE.

Are you ready for that kind of person to be president?

Posted by: techrat | October 1, 2008 7:55 PM

The time is now!
To remind Americans that Barack Hussein Obama is just another politician that will do or say whatever it takes to fulfill his political ambitions. Barack is calculated and methodical about hiding his true convictions and intentions, and uses deception to get elected.

The time is now!
To remind Americans that Barack Hussein Obama had a 20 year association with his religious leader and priest Jeremiah Wright, who became Barack's idol and role model. Jeremiah married Barack and Michelle and baptized both their daughters. AND, we all remember the hideous videos of Jeremiah Wright’s congregation which included the Obamas, damning America with bombastic joy, after the Muslim’s criminal attack on America on 9/11.

The time is now!
To remind Americans that Barack's religious leader Jeremiah Wright used his tax-exempt church to exercise a radical political agenda, and he refers to Israel, as well as America, as a "racist" State. Theologically Barack's religious leader Jeremiah Wright believes that the true 'Chosen People' are the blacks; He believes that black values are superior to middle-class American values, and that blacks should isolate themselves from the wider American society.
 Indeed Barack's religious leader Jeremiah Wright is a black supremacist.

The time is now!
To remind Americans that Barack Hussein Obama wants to be president to implement Jeremiah Wright’s dream of a black supremacist society in America.

The time is now!
For Americans of all political parties to come together to preserve the future of the country we love by voting for John McCain for President of the United States of America.

Country First!
Americans for John McCain/Sarah Palin

Posted by: Manolete | October 1, 2008 7:37 PM

Posted by: MarkInAustin | October 1, 2008 7:27 PM

It's nice to see that Obama is concerned about the economy ... NOW! It would have been nice to see him concerned ... LAST WEEK! Now that it's a political issue at least he is concerned ... TODAY!

You suck Osama ... Obama

Posted by: jsjohnnyboy3 | October 1, 2008 7:22 PM

I'm not concerned about U.S. citizens individually giving less than $200 each. I just want those names disclosed. The big concern is fraudlulent contributions.

Posted by: MarkInAustin | October 1, 2008 7:18 PM

Putting out the fire is not going to properly work. Here is the "bailout" real idea. Give the money to the people. Make them use it wisely pay off mortgages and credit cards. The "toxic debt" disappears solving both unmanageable mortgages and the lock-up in the credit markets. Now also the market value of properties will stabilize. There, of course, would be limitations to the money use but this would be better for the economy as a whole.

Posted by: kingskid001 | October 1, 2008 7:17 PM

MarkInAustin, are you suggesting that the million or so small donors like myself think we are buying some kind of political favor in return for our incremental $25 donations? Yeah right, we're democrats but we're not THAT stupid. Obama ain't doin' me any big favors for the $75 I've invested in his campaign. I get nothing at all but the hope that this country is finally ready to turn away from outmoded ideas and take its rightful place in the global community of nations. That is not the direction McCain will take us. We will move backward, not forward, under McCain.

Posted by: windrider2 | October 1, 2008 6:58 PM

Rick Davis (UP UNTIL 2 MONTHS AGO?)
NEW YORK TIMES 9/24/08

"...The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years...


"....As president of the Homeownership Alliance, Mr. Davis received $30,000 to $35,000 a month. He, along with Fannie Mae and Freddie Mac, have characterized the alliance as a coalition of many housing industry and consumer groups to promote homeownership, but numerous current and former officials at both companies say the companies created and bankrolled the operation to combat efforts by competitors to rein in their business. The companies dissolved the group at the end of 2005 as part of cost-cutting in the wake of accounting scandals and, at Freddie Mac, a lobbying scandal that forced out its top Republican lobbyist....

On Monday, the McCain campaign attacked The Times for its account of those payments to Mr. Davis, saying the paper was “150 percent in the tank” for Mr. Obama. Mr. Davis said that he had worked not for the two companies but for the advocacy group, which included other organizations as well and, he said, was focused only on promoting homeownership....

..After the Homeownership Alliance was dissolved, Mr. Davis asked to stay on a retainer, the people familiar with the deal said. Hollis McLoughlin, who was chief of staff to Richard F. Syron, Freddie Mac’s chief executive, arranged for a new contract with Davis Manafort at the reduced rate of $15,000 a month, they said..."

Hey FBI,
Don't forget to look in Rick Davis closet, especially around 2005.

George F. Wills "McCain has lost his head"

Posted by: MILLER123 | October 1, 2008 6:46 PM

Where is McCain? Oh, he parachuted in late again and still working on his floor speech.

Posted by: MILLER123 | October 1, 2008 6:36 PM

NO BAILOUT! We will replace every lawmaker that votes for this thing. Democrat and Republican alike. Go ahead, put your name down, so we all know who you are.

Posted by: Whys | October 1, 2008 6:34 PM

Does DrainYou think that Tommy Pope desired "a police state, lack of due process, wrongful incarcerations, government ownership of woman's wombs, government intrusiveness into people's most intimate privacy areas, the power to retaliate against and falsely imprison those that stand in their way, the denial of liberty, the elimination of freedom, and a fundamentalist imposed theocracy on all our citizens"?

Posted by: MarkInAustin | October 1, 2008 6:25 PM

Rick Davis UP UNTIL 1 MONTHS AGO"

NEW YORK TIMES 9/24/08

"...The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years...


"....As president of the Homeownership Alliance, Mr. Davis received $30,000 to $35,000 a month. He, along with Fannie Mae and Freddie Mac, have characterized the alliance as a coalition of many housing industry and consumer groups to promote homeownership, but numerous current and former officials at both companies say the companies created and bankrolled the operation to combat efforts by competitors to rein in their business. The companies dissolved the group at the end of 2005 as part of cost-cutting in the wake of accounting scandals and, at Freddie Mac, a lobbying scandal that forced out its top Republican lobbyist....

On Monday, the McCain campaign attacked The Times for its account of those payments to Mr. Davis, saying the paper was “150 percent in the tank” for Mr. Obama. Mr. Davis said that he had worked not for the two companies but for the advocacy group, which included other organizations as well and, he said, was focused only on promoting homeownership....

..After the Homeownership Alliance was dissolved, Mr. Davis asked to stay on a retainer, the people familiar with the deal said. Hollis McLoughlin, who was chief of staff to Richard F. Syron, Freddie Mac’s chief executive, arranged for a new contract with Davis Manafort at the reduced rate of $15,000 a month, they said..."

Hey FBI,
Don't forget to look in Rick Davis closet, especially around 2005.

George F. Wills "McCain has lost his head"

Posted by: MILLER123 | October 1, 2008 6:23 PM

The corporate media likes to pretend that there are "3 wings" to the Republican party -- The "social conservatives", "fiscal conservatives", and "national security conservatives." These frames are bogus. Indeed there are 3 wings to the Republican Party. They are the Taliban Conservatives, the Halliburton Conservatives, and the Country Club Conservatives.


Most Republicans represent all 3 extremist wings of the GOP. However, even if you combined all 3, they are still a small minority in this country. Here is what each wing of the Republican Party stands for.


1. The Taliban Conservatives

These people are similar to the Taliban and Osama Bin Laden (The guy Bush and McCain gave a free pass too for their war of profit in Iraq) except that they use a different religion and different bible to justify their social fascism.

They desire a police state, lack of due process, wrongful incarcerations, government ownership of woman's wombs, government intrusiveness into people's most intimate privacy areas, the power to retaliate against and falsely imprison those that stand in their way, the denial of liberty, the elimination of freedom, and a fundamentalist imposed theocracy on all our citizens. They hate freedom, hate liberty, hate our Constitution and seek to render the Bill of Rights obsolete.


2. The Halliburton Conservatives

Most conservatives are anti-military, weak on national security, weak on national defense, and disastrous on foreign policy issues. I call these people the Halliburton Conservatives.

Halliburton Conservatives simply believe in making money in the name of national defense. It's that simple even if it means war instead of peace, no bid contracts instead of open contracts, dead soldiers instead of living soldiers, fraud instead of honesty, etc...

To Hallibruton Conservatives, soldiers are simply staff pukes who are used as cheap labor in order to create profits for the military industrial complex. Halliburton conservatives do not care that they weaken American national security. Halliburton conservatives do not care that they endanger the lives of people in the military. Halliburton conservatives simply care about money and they use the military to make money. That's why I call them anti-troop, anti-military, and even unAmerican. You might even call them treasonous.


3. The Country Club Conservatives

Country Club Conservatives have a very simple philosophy. They simply believe that government exists to line the pockets of the top 1%, even if that means everyone else has crummy schools, no health care, foreclosed mortgages, high energy prices, crippling student loan debt, a polluted environment, unaffordable college tuition costs, crumbling roadways, etc...

Country Club conservatives are class warfare elitists who seek to make money for the top 1% at the expense of everyone else, including future generations which is why they borrow and spend.

On spending issues, country club conservatives simply want government to spend for the programs they want and spend nothing on programs that other people need. They believe govt should be used as a piggy bank to write special laws which exempt them from contributing while crushing the average man and woman.


The agenda of the three wings of the Republican Party has now been exposed and they are well on their merry way to becoming the 4th party gadflies that they deserve to be.

John McCain represents all 3 of these wings of the Republican Party and he isn't fooling anyone with his "maverick/straight-talker" BS anymore.
.
http://www.youtube.com/watch?v=C4egXbhSOhk
.

Posted by: DrainYou | October 1, 2008 6:16 PM

How about this new report from the Center for Responsive Politics:

More than half of the whopping $426.9 million Barack Obama has raised has come from small donors whose names the Obama campaign won't disclose.

And questions have arisen about millions more in foreign donations the Obama campaign has received that apparently have not been vetted as legitimate.

Unlike the McCain campaign, which has made its complete donor database available online, the Obama campaign has not identified donors for nearly half the amount he has raised. Federal law does not "require" the campaigns to identify donors who give less than $200 during the election cycle. However, it does require that campaigns calculate running totals for each donor and report them once they go beyond the $200 mark.

Surprisingly, the great majority of Obama donors never break the $200 threshold.

“Contributions that come under $200 aggregated per person are not listed,” said Bob Biersack, a spokesman for the FEC. “They don’t appear anywhere, so there’s no way of knowing who they are.”

The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified.

It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.

The rise of the Internet as a campaign funding tool raises new questions about the adequacy of FEC requirements on disclosure. In pre-Internet fundraising, almost all political donations, even small ones, were made by bank check, leaving a paper trail and limiting the amount of fraud.

But credit cards used to make donations on the Internet have allowed for far more abuse.

“While FEC practice is to do a post-election review of all presidential campaigns, given their sluggish metabolism, results can take three or four years,” said Ken Boehm, the chairman of the conservative National Legal and Policy Center.

Already, the FEC has noted unusual patterns in Obama campaign donations among donors who have been disclosed because they have gone beyond the $200 minimum.

Will the WaPo look into this??

Posted by: MarkInAustin | October 1, 2008 6:04 PM

The comments to this entry are closed.

 
 

© 2009 The Washington Post Company