podesta-emails
[big campaign] Tracking Update: McCain Speech in Independence, MO 10/01/08
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Hello All,
Unfortunately our tracker was turned away from this closed event. But good
news: we were able to capture the event via online streaming video. Below
are the notes from our effort.
Big Highlights
- McCain praises Truman for "stay[ing] the course" (and for the courage
to fire 1 of the most popular military figures in US history)
- Makes vague promises about "new rules" to "shrink, sell and clean house
at Fannie Mae and Freddie Mac" (to view:
http://www.youtube.com/watch?v=X10oQlZYSmE) and "new rules" to end
frenzied speculation on Wall St
- Promises 1-year spending freeze on everything except defense, vet care
and "a few other priorities"
- promises billions in spending reductions "that will balance the
budget"
- Says the original proposal was "flawed", Announces he'll be returning
to DC to vote on a "bill that marks a decisive step in the right direction"
- Says they'll be a time to fix the blame later, but now it's Congress's
duty to come together as they did after another crisis, 9/11
- When speech was over, McCain can't find the way off stage
Independence, MO: McCain Econ. Speech 10/01/08
(Disclaimer: The following are notes, not direct quotes. If you'd like a
quotable transcript or video of any part below, please email us.)
Background details
- Ticket-only event
- Pool coverage of event; local media turned away
- About 20 McCain supporters gathered outside event; Tracker didn't see
any demonstrators
- When speech was over, McCain switches back and forth across the stage
multiple times and has to be led off
- after speech, went down into audience to shake hands and take
pictures with babies
- Local congressman gives brief intro remarks
FULL REMARKS
Thank you all very much. I appreciate the hospitality of the Harry Truman
Library Institute. I'm honored to be here in the town that sent Harry
Truman to Washington, and the town that welcomed him back when his work was
done.
- [ad libs]: before i go much further, i admire much about Truman. 1
among many, incl. his honesty and candor , was his willingness and
understanding that the War in Korea could not be abandoned, even in the face
of overwhelming public opinion to the contrary. *t**ruman had the courage
to fire one of the most popular military figures in US history and he
"stayed the course"*
He was a man of principle, of wisdom and a deep and abiding love for our
country. His accomplishments in war and peace are among the most
significant of any president in the Twentieth Century. He succeeded beyond
everyone's expectations – perhaps, even his own – because every day Harry
Truman woke up determined to put his country before party and
self-interest. We would all be better public servants and the country would
be better served if we tried a little more often to keep the example of this
good American before us.
President Truman was a student of history, and he knew how suddenly a crisis
could come about. And while so many things have changed in the 35 years
since his passing, Harry Truman would surely recognize the sources of the
financial crisis that now threaten the livelihoods of millions and the
future of the entire American economy. Only the vast sums of money would
surprise him. But the costs of unbridled greed on Wall Street, the
foolishness of politicians who fed the problem, and the recklessness of
politicians who failed to meet the crisis – all of these would have a
familiar feel to the man from Independence.
We are square in the greatest financial crisis of our lifetimes. And I am
pleased to report that today, I will be returning to the floor of the Senate
to vote on a bill that marks a decisive step in the right direction. *The
original proposal was flawed.* I urged additions of taxpayer protections,
stronger oversight, limitations on executive compensation and more
protections for people's bank accounts. I am pleased that these are being
added to improve the original bill. It took Congress a while, and there
were costs to these delays. But they have awakened to the danger. And
today, with the unity that this crisis demands, Congress will once again
work to restore confidence and stability to the American economy.
There will be a time to fix the blame for all that has happened – especially
in the case of Fannie Mae and Freddie Mac, and the abuses and political
deal-making that corrupted those institutions. But our duty right now is to
fix the problem, and that is the business that will shortly take me back to
Washington. Following September 11th, our national leaders came together at
a time of crisis. Now, with this measure, we have another chance to come
together to prove that Washington is once again capable of leading this
country.
If the financial rescue bill fails in Congress yet again, the present crisis
will turn into a disaster. As credit disappears, students will no longer be
able to get loans for college, and families looking for a new home will be
unable to get a loan. New car sales will come to a halt. Businesses will
have difficulty securing credit for operations and may be unable to pay
employees. If we fail to act, the gears of our economy will grind to a
halt.
This is a moment of great testing. At such moments, there are those on both
sides of this debate who will act on principle. Of course, there are always
some who think first of their own interests, who calculate their own
advantage instead of rushing to the aid of their country. But in the case
of this bill, I am confident there are enough people of good will in both
parties to help see America through this crisis. And when the last vote is
cast, we can be grateful to all of them – Democrats and Republicans alike –
for helping to solve the crisis instead of merely exploiting it.
Crises often have a way of revealing our better selves – of showing what we
are made of, and how much we can achieve when we are put to the test. This
is true as well of the grave challenges we face in Washington. Yet it
should not require extreme emergencies – when the future of our entire
economy is on the line – to bring out the best in us, or to bring us
together in service to the common good. We are supposed to do that even in
the calmest of times. And if we worked together more often in that spirit,
perhaps there would be fewer crises, close-calls, and near-disasters
confronting our nation.
Just consider the day-to-day routine of Congress – even as the 110th
Congress ends, there remains a long list of challenges unmet. Congress has
failed to pass many of the appropriations bills funding the regular business
of our government. From agriculture to the labor department to
transportation, the majority of appropriations bills have not passed. Even
funding for the operations of the legislative branch itself has not
passed. *Congress can't even find agreement on the yearly bill to pay for
the Congress itself.*
And while these routine funding issues are addressed at the last minute
behind closed doors, the big challenges facing our country continue to
languish. We still have made no progress to resolving our energy crisis.
While we seek solutions to the economic crisis we face today, Washington has
been ineffective in addressing the housing crisis that started it. And in
the face of mounting job losses, we still have not taken action to put our
economy back on track with policies that would encourage job creation, or
with updates to an unemployment system and job training programs that were
created for the 1950s.
Our government is on the wrong track, our economy is struggling, and I
expect we will receive more bad news with Friday's unemployment report. It
is a time for leadership and a plan to create jobs and get our country on
the right track.
I believe in low taxes; spending discipline, and open markets. I believe in
rewarding hard work and letting people keep the fruits of their labor. We
will keep the current low tax rates. We will simplify the current tax
code. We will double the child exemption from 3500 dollars to 7000
dollars. We will give every family a 5000 dollar tax credit to buy their
own health insurance or keep their current plan, and we will open up the
national health-care market to expand choices and improve quality. And my
administration will reduce the price of food by eliminating the subsidies
for ethanol and agricultural goods. These subsidies inflate the price of
food, not only for Americans but for people in poverty across the world, and
I propose to abolish them.
I believe in a government that unleashes the creativity and initiative of
Americans, so they can create more jobs and keep our economy growing. So we
will cut business taxes from 35 percent to 25 percent, to give American
businesses a new edge in competition. We will spur new investment through
R&D tax credits and expensing of equipment. And we will protect the right
of workers to decide for themselves, by democratic vote, whether to
unionize.
Keeping taxes low helps small businesses grow and create new jobs. Cutting
the second highest business tax rate in the world will help American
companies compete and keep our best jobs from moving overseas. Doubling the
child tax exemption will improve the lives of millions of American families
at a time when the cost of living is rising. Reducing government spending
and getting rid of failed programs will let you keep more of your own money
to save, spend and invest as you see fit. Opening new markets for our goods
and preparing workers to compete in the world economy is essential to our
future prosperity.
As president, I will also set this country on the straightest, swiftest path
to energy independence. As a nation, we will embark on the most ambitious
national project in decades. We are going to stop sending $700 billion a
year to countries that don't like us very much. We will attack the problem
on every front. We will produce more energy at home. We will drill new
wells offshore, and we'll drill them now. We will build more nuclear power
plants. We will develop clean coal technology. We will increase the use of
wind, tide, solar and natural gas. We will encourage the development and
use of flex fuel, hybrid and electric automobiles. And in all of this, we
will create millions of new jobs, many in industries that will be the engine
of our future prosperity – *jobs that will be there when your children enter
the workforce.*
Some still insist that we can achieve energy independence without more
drilling and without more nuclear power. But Americans know better than
that. We must use all resources and develop all technologies necessary to
rescue our economy from the damage caused by rising oil prices and to
restore the health of our planet. It's an ambitious plan, but Americans are
ambitious by nature, and we have faced greater challenges. It's time for us
to show the world again how Americans lead.
*As president, I will also act immediately with reforms to restore fairness,
integrity, and financial sanity to the institutions that have failed us on
Wall Street. We will apply new rules to Wall Street, to end the frenzies of
speculation by people gaming the system, and to make sure that this present
crisis is never repeated. We will bring regulatory agencies built for the
1930s into the 21st century. On my watch, the rules will be enforced, and
violations will be prosecuted. And there will be new rules to shrink, sell,
and clean house at Fannie Mae and Freddie Mac.*
We must also realize that this rescue plan has serious implications for
future spending. We cannot dedicate [possibly] more than a trillion dollars
to rescue failing institutions, and then go right back to business as usual
in Washington – as if there were no end to the resources of government or to
the patience of taxpayers. Therefore, as president, *I will impose a
one-year spending freeze on every agency of the federal government,
excepting only national defense, the care of our veterans, and a few
critical priorities. * Leadership requires candor. And I will tell you
bluntly that America is already ten trillion dollars in debt, and to make
our economy strong again we must reduce the burden of federal spending. We
cannot tax our way to prosperity. *I am committed to billions in spending
reductions that will balance the budget,* and get us on the path away from
ruinous debt.
The constant partisan rancor that stops us from solving these problems in
Washington isn't a cause, it's a symptom. It's what happens when people go
to Washington to work for themselves and not you.
*
*Again and again, I've worked with members of both parties to fix problems
that need to be fixed. That's how I will govern as president. I will reach
out my hand to anyone to help me get this country moving again. I have that
record and the scars to prove it.
I offer this not just as a campaign slogan, but as the way to solve our
country's problems. Instead of rejecting good ideas because we didn't think
of them first, let's use the best ideas from both sides. This great country
can do anything we put our minds to. *I will ask Democrats and Independents
to serve with me. And my administration will set a new standard for
transparency and accountability. * We're going to finally start getting
things done for the people who are counting on us, and I won't care who gets
the credit.
That is the spirit of *can-do patriotism*, Harry Truman, that humble, good
man from Independence, Missouri, brought to the presidency. When, to his
and everyone's surprise, he assumed the office of the President and the
mantle of leader of the free world, he faced the grave and difficult
decisions that would end the World War and remake the world out of its
ashes.
--
Sara DuBois
Tracking / Communications Manager
ProgressiveAccountability.org
[email protected]
202-609-7681 (office)
410-967-7306 (cell)
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ℹ️ Document Details
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