While Senator, Obama voted for the $700 billion TARP bank bailout bill. The bailout rewarded irresponsible and illegal behavior. It redirected resources from more productive uses to less productive uses. It punished the hard working taxpayers who had played by the rules and obeyed the law. It created horrible incentives, and sent the wrong message. The bailout was evil because it rewarded the bad people and punished the good people. No society that does this can expect to remain free or prosperous. Instead of bailing out these corrupt corporations, we should have let them cease to exist, like we did with Enron.
We will defend our people and uphold our values through strength of arms and rule of law. We will (ANAPHORA) show the courage to try and resolve our differences with other nations peacefully —- not because we are naïve about the dangers we face, but because engagement can more durably lift suspicion and fear.
It should also be noted that in addition to the “Yes We Can” slogan that Obama used in 2004, Patrick used in 2006, and Obama uses today, other language from the two clients of political guru David Axelrod has come from both men’s mouths.
“The things you start may not come to full fruition on your timetable,” Obama says. “But you can move things forward. And sometimes the things that start small may turn out to be fairly significant.”
The boxing gloves were new, and smelled of leather. It was the mid-1960s, in Jakarta, Indonesia. Barack Obama had come home the day before with what he ...