| | Minutes to the 2nd Presidential Debate (my personal notations):
====================== 2008 Presidential Debate # 2
question (q) --what about retired, fixed-income elders?
obama (o) --worst financial crisis since Great Depression --failed economic policies of Bush / McCain (last 8 yrs)
mccain (m) --let's not raise taxes on anybody (today) --half-trillion to China --have govt buy up all bad mortgages -- new mortgages for homeowners at reduced home price
tom brokaw --treasury secretary is most powerful office in the cabinet now -- what's up with that?
m [looked at and acknowledged o] --corruption on Wall Street and greed and excess in Washington, DC
o --middle-class tax cut for 95% of working Americans
m --fannie and freddie are the ones that with the encouragement of o and his cronies who got folks risky loans --o is the 2nd highest recipient of funds from fannie and freddie in history --f and f were the match that started this forest fire
o --the biggest problem was the deregulation of the financial system --2 years ago I wrote to sec. paulson and fed chairman bernanke and said that sub-prime loans were a risk --I never promoted fannie mae
m --get rid of the cronyism and special interest in Washington that prevents fixing the problem
q --how can we trust either of you with our money when both parties got us into a global economic crisis?
o --we have had the biggest increases in national debt and budget deficits in US history --I'm cutting more than I'm spending -- a net spending cut
m --the system in Washington is broken --I've taken on special interests --this is the most liberal based spender in the Congress --o is planning $860 B in new spending --o voted for every spending increase I've seen since he's been in Washington --stop sending $700 B / yr overseas
q --healthcare, energy, entitlement reform - what should be prioritized?
m --we are not going to be able to provide the same benefits as we do to retirees today
o --we're going to have to prioritize --energy has to be first - for economic and security reasons --invest $15 B / yr over 10 yrs -- totally free from middle east oil by then! --healthcare is number 2 --education is number 3 --m proposes a $300 B tax cut (100 from extending Bush tax cuts; 200 more to the CEOs)
q --what sacrifices will you ask every american to make?
m --there are some programs we have to eliminate --defense spending is corrupt --I advocate a spending freeze -- except for defense, veterans, and entitlement programs
o --after 911, Bush told us to go out and shop -- that's a missed opportunity --oil companies have 68 million acres they're not using -- use it or lose it --I'm interested in doubling the Peace Corps
q --how would you as president break the cycle of debt?
o --m talks tough about earmarks -- but that's only 18 B of our budget --across the board spending freeze is a hatchet job -- I'd use a scalpal
m --we've lost 700,000 jobs in america -- but small business employment has grown --o will increase taxes on 50% of small business owners -- killing what works --I'd give every american $5000 for healthcare
q --social security and medicare will eventually become bigger than the mortgage crisis -- what do we do to solve it?
o --if you make less than $200K or less, your taxes will go down --I support a 50% tax credit for small businesses to buy medical insurance for their employees
m --fixing social security isn't hard, it just involves tough steps (which we know will work) --medicare will be harder to fix --o has voted 94 times to increase or not decrease taxes
q --what will you do about needed climate change and "green jobs"?
m --I, with Leiberman, introduced the first green legislation and forced a vote --nuclear helps with climate and jobs --95% of the people who are our market live outside of America
o --I favor nuclear power as one component of our overall energy mix --m voted 23 times against alternative fuels --we have 3% of the world's oil reserves and we use 25% of the world's oil -- we can't drill our way out of this mess --China is setting up one new coal powerplant each week!
m --I voted against alternative fuel bills with billions in earmarks for oil execs -- o voted for that!
q --should healthcare be treated as a commodity?
o --most of you have seen your premiums double in the last 8 years --if you have healthcare and like it -- keep your plan and doctor (I'll work to lower your premiums) --if you don't have health insurance -- you can buy the Congress plan
m --if you're a small business owner and you don't insure employees -- o will fine you ($?) --if you're a parent and you don't insure your kids -- o will fine you ($?) --$5000K refundable tax credit
q --is healthcare a privilege, a right, or a responsibility?
m --a responsibility --I'm nervous about a govt mandate
o --healthcare should be a right for every American -- for as wealthy as we are --small businesses won't have a mandate, but parents will --interstate health insurance will be like interstate banks and "move to Delaware" (where they don't have any strict laws regarding credit cards)
q --how will the recent economic bust affect our power as a peace-maker around the world?
m --America is the greatest force for good in the history of the world --things we've done -- though not always done well -- but we've done because we're a nation of good
o --we're spending $10 B a month in Iraq, when they have a $79 B surplus --this is the greatest nation on earth --we are a force of good in the world
q --genocide is common -- what is the obama doctrine for govt use of force when US security interests are not at stake?
o --[mumbo jumbo, mumbo jumbo, mumbo jumbo]
m --o would have brought our troops home in defeat, I will bring them home in victory --we went into somalia to make peace and we had to withdraw -- almost 300 marines were killed --sending america's most precious asset -- american blood -- into harm's way
q --should the US pursue Al Queda into Pakistan?
o --bin laden escaped and set up base camps in the NW province of Pakistan --it's the central front on terrorism --secretary Gates said the war on terror began there, and that's where it's going to end --if we have OBL in our sights and Pakistan doesn't give the go ahead -- we have to go ahead and take him out anyway
m --when you announce you'll launch an attack into another country -- it turns the country against you --our relations with Pakistan are critical, we have to get their support, Gen. Patreus had that strategy --speak softly and carry a big stick
o --nobody called for the invasion of Pakistan --if Pakistan is unable or unwilling to hunt down OBL and take him out, then we will --m sang "Bomb Iran", m wanted to annihilate N Korea -- that's not speaking softly
q --senior British military commander said we're failing in Afghanistan, how would you reorganize Afghanistan strategy?
o --withdraw troops from Iraq in a responsible way --work with Pres. Karzai to keep democracy in Afghanistan where govt is responsible to the people there
m --we have to double the size of the Afghan Army --I have confidence that Patreus will succeed there like in Iraq
q what about the resurgence of russia?
m --because of their petro-dollars, they've gotten Big-Shot-itis --Putin is basically a KGB bully --we won't accept naked agression by russia
o --we've got to provide countries like Georgia with concrete assistance to help build their economies --we've got to have foresight --our getting fully energy independent will keep russia at bay
q --if Iran attacks Israel, would you commit US troops, or would you wait for UN Security Council approval?
m --commit troops right away / russia and china would be obstacles for UN Security Council approval --my idea of a League of Democracies would prevent a 2nd Holocaust
o --we can't let Iran get a nuclear weapon -- I'll do everything required to prevent that --it is important for us to use all tools at our disposal to avoid having to make the difficult choices --US energy independence would keep Iran at bay --we should have direct talks with our enemies (to talk tough to them) -- we get a better chance at better outcomes --Not talking = Iran went from no centrifuges to over 4000 N Korea quadrupled their nukes
q --what don't you know and how will you learn it?
o --here's what I do know: I wouldn't be standing here unless this country gave me an opportunity --I was able to go to the best schools on earth and succeed --are we going to pass on that same american dream to the next generation? --over the last 8 years, we've seen that dream slip away --we can't expect to do the same things and to get a different outcome --that's what's at stake, that's why I'm running for president
m --what I don't know is what all of us don't -- what's going to happen at home and abroad --there are challenges around the world and they will be different --I don't know what the unexpected will be --I know what it's like in dark times --I know what it's like to keep one's hope going in difficult times --I know what it's like to have your neighbors help you and pick you back up to re-enter the fight --the times are tough, we need a steady hand at the tiller, I've put this country first my whole life ======================
Ed
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