Here's a recap of Obama's floor speech so that people can respond by the numbers:
- This whole situation is an outrage.
- The situation is like a fire, first put it out, then punish the arsonist.
- We cannot let equity prices decline because that is the money Boomers are going to retire on.
- Banks are afraid to loan money, and that starts a downward spiral, making a "long and painful" recession possible.
- I was skeptical about this blank check, but I'm not anymore because
A: We will have an "oversight board"
B: We have a plan to keep Americans in their homes.
C: Wall Street Executives won't get "welfare"
D: "If" managed correctly, the Treasury will recoup all outlays, and then some.
- The plan isn't perfect, but we don't have time to get a better one. Excess delay could lead to the world economy being "plunged into a very, very deep hole"
- Because we mismanaged the "fundamentals" this plan is the beginning, not the end. Coming soon:
A: Cash for regular folks
B: Bankruptcy reform
C: Roads and Bridges
D: Aid to states
E: A return to fiscal responsibility
F: We will cut bad programs and keep good ones
i: We will cut taxes on the middle-class
ii: More roads and bridges
iii: Broadband lines for rural folk
iv: Subsidies for health care
v: Alternative energy
vi: Education
- We will have shared sacrifice
- We will succeed