"Do I contradict myself? Very well, then I contradict myself, I am large, I contain multitudes." --Walt Whitman
Saturday, November 08, 2008
Thursday, November 06, 2008
Last Political Post -- My Empty Life [Bryan]
Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are
Tuesday, November 04, 2008
A day to remember -- Updated five times [Bryan]
I voted early in the morning. After that, I spent most of the afternoon doing get-out-to-vote stuff. At noon, I arrived at a bustling suburban home turned into an Obama field office. After a few seconds of training, they shoved me out the door to go harass other Obama supporters and make sure they voted. I knocked on about 50 doors. Most people weren't home, but some were. One person said he changed his mind and had voted for McCain. But the excitement of most people was palpable. I chatted with one guy, a middle-aged white guy with a thick rural accent, about his experience at the polls. He assured he had voted and, as I left, he said, "And I voted for Obaaaama." I gave him a big thumbs up, and he gave me a thumbs up, and it was a little celebratory moment among strangers of hope and a common purpose.
I don't think I did any good out hitting the pavement today. I doubt anybody got to the polls because of my efforts. But it was important for me to be physically a part of something so historic. I repeat what I've said before, the Obama campaign is only partially about Obama. It is about energizing people, making them feel a part of a movement larger than themselves. That is how it has been for me.
Now, I can start thinking and blogging about something else.
Update 5:
With all the talk about race, this point by Bernard Avishai should not be fogotten:
I confess a certain impatience, on this poignant day, with all the earnest talk about how America achieved something remarkable yesterday by electing our first African-American president, as if the choice has been about race all along. I do not mean to diminish an historic first, like electing a Catholic in 1960; I, too, choked-up when John Lewis spoke. But relief today is not about Americans choosing an obviously black man over a white man, which proves we can come to terms with our past. It is about our choosing an obviously brilliant, reciprocal man over a thick, cynical one--a man who articulates a coherent vision of global commonwealth over someone advancing vague, military patriotism--which proves we can come to terms with our future.Update 4:
Colin Powell's reaction:
Update 3:
I was incredibly moved by Obama's acceptance speech. Obama:
If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer....Video:
I was never the likeliest candidate for this office. We didn't start with much money or many endorsements. Our campaign was not hatched in the halls of Washington – it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston.
It was built by working men and women who dug into what little savings they had to give five dollars and ten dollars and twenty dollars to this cause. It grew strength from the young people who rejected the myth of their generation's apathy; who left their homes and their families for jobs that offered little pay and less sleep; from the not-so-young people who braved the bitter cold and scorching heat to knock on the doors of perfect strangers; from the millions of Americans who volunteered, and organized, and proved that more than two centuries later, a government of the people, by the people and for the people has not perished from this Earth. This is your victory.
I know you didn't do this just to win an election and I know you didn't do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime – two wars, a planet in peril, the worst financial crisis in a century. Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us. There are mothers and fathers who will lie awake after their children fall asleep and wonder how they'll make the mortgage, or pay their doctor's bills, or save enough for college. There is new energy to harness and new jobs to be created; new schools to build and threats to meet and alliances to repair....
Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House – a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, “We are not enemies, but friends…though passion may have strained it must not break our bonds of affection.” And to those Americans whose support I have yet to earn – I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.
And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world – our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down – we will defeat you. To those who seek peace and security – we support you. And to all those who have wondered if America’s beacon still burns as bright – tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.
Update 2:
A roundup of the impromptu celebrations:
CNN:
(CNN) -- At least 1,000 people gathered on Washington's Pennsylvania Avenue in front of the White House late Tuesday night, shouting "Obama! Obama!" and "Yes we can!" Uniformed Secret Service officers were overheard, saying they'd never seen anything like it.AP:
In Boston, Massachusetts, thousands of people -- many of them college students -- hit the streets to celebrate the election of the country's 44th president. The sound of car horns could be heard across the city, CNN affiliate WCVB reported.
In Chicago's Grant Park, where police estimated at least 200,000 had gathered to hear Obama claim victory, the crowd erupted in cheers and screams after news organizations projected him the winner.
From Harlem, to the avenue in Atlanta where the Rev. Martin Luther King Jr. was born, to Oakland, Calif., Americans black and white celebrated Barack Obama's election with tears, the honking of horns, screams of joy, arms lifted skyward — and memories of civil rights struggles past.Seattle Times:
In Seattle, crowds of thousands of people spilled into the streets near the Pike Place Market and on Capitol Hill Wednesday night to celebrate the election of Barack Obama.Detroit Free Press:
They streamed into the streets of downtown Detroit -- black, white, Asian, Indian and Arab -- all Americans who were proud to celebrate president-elect Barack Obama and the new America he represents.Lebanon (PA) Daily News:
For the second time in a week, Philadelphia had an impromptu celebration.Newsday:
Six days after crowding streets to celebrate the Phillies' World Series victory, thousands of Philadelphians marched downtown on Tuesday night to celebrate Barack Obama's victory over John McCain.
A multiracial crowd of all ages came from all directions and converged at City Hall shortly after Obama was declared the winner. Under a light rain, thousands of people jumped up and down, cheered and danced in the streets while car stereos blared music.
Celebration is spilling into the streets of Newark as New Jersey's largest city rejoices in Barack Obama's momentous election to the White House.Louisville, KY Courier-Journal:
People spilled into the streets late Tuesday night, as car horns honked and cheers could be heard for blocks as the Democrat was declared the winner.
After the presidential race was called for Democrat Barack Obama at 11 p.m., motorists driving on Broadway in downtown Louisville honked their horns and yelled "Obama!" out the windows.
People gathered along the stretch of Broadway between 26th and 27th streets, cheering, dancing and waving campaign signs.
Update 1:
Kudos to McCain for a gracious speech.
Sunday, November 02, 2008
Predictions for Tuesday [Bryan]
Of the contested states, I predict Obama will win Colorado, Florida, Pennsylvania, Nevada, New Mexico, and Virginia. McCain will (barely) win North Carolina, Montana, Indiana, Arizona, North Dakota, and Missouri. Ohio is actually a great mystery for me. I think...it also will go Obama.
Here is what the final map will look like:
>Electoral College Prediction Map - Predict the winner of the general election. Use the map to experiment with winning combinations of states. Save your prediction and send it to friends.
Ellie predicts: Obama 51% to McCain 46%.
What do you think?
Oh, and here is a video that was made especially for me. What would it look like if it were all my fault?
Impressions of Savannah [Bryan]
This brings up a sense of vague disquiet that I felt walking the lovely streets of Savannah. It is almost a dream-like place, a place uncomfortable with what the world has become. There was much discussion, for example, of the cotton trade on the historical plaques that explained the role of Savannah as a key port city. But it was also a major unloading place for African slaves, who had been ripped from their homes and packed into grotesque ships. There is almost no mention of this anywhere. There was only one marker I could find in Savannah that dealt with the slave trade -- a fairly lonely bronze statue of a black family surrounded by broken chains, with a Maya Angelou inscription:
We were stolen, sold and bought together from the African continent. We got on the slave ships together. We lay back to belly in the holds of the slave ships together in each other's excrement and urine together, sometimes died together, and our lifeless bodies thrown overboard together....While recognizing slave suffering, it offered no explanation of the major role of Savannah (or American at large) in that suffering. As a city, it hides from the condemnation of the modern world. Like other places, I suppose, it tries to pretend that its "best face" is its only face. It is a beautiful city, with nightmares in the shadows.
Monday, October 27, 2008
Terrorist fist bump [Bryan]
It is obvious from this photo, then, that Obama is an atheistic socialist. Or was it that he was a militant religious Islamist? Or was it that he was a white-hating black nationalist? I get so confused.
Sunday, October 26, 2008
Wow, the world IS coming to an end! [Bryan]
For the first time in memory, Brigham Young University is boasting as many College Democrats as College Republicans. About 1,200 students have signed up for each of the activist groups sponsored by the Political Science Department.
In September, the Democrats had 700 students, but within the first few weeks of classes, membership had nearly doubled at the private school owned by the Church of Jesus Christ of Latter-day Saints.
"Barack Obama is inspiring a lot of youth, and a lot [of the growth] has to do with the last eight years and people being vastly disappointed," said Randal Serr, a senior in political science and president of the club. Serr, a senior in political science and president of the club, says Barack Obama's candidacy has boosted membership.
The club also has started getting more politically involved this year. Each weekend, a couple dozen BYU students load into cars and caravan to nearby battleground states such as Colorado and Nevada. They also write opinion articles for local newspapers, staff booths in the student union and participate in service projects.
They've come a long way from just 15 years ago, when the club had seven members, Serr said.
A conversation I just overheard [Bryan]
Nora: I'm scared of burglars.
Ellie: There is no reason to be scared. Burglars usually break into places with lots of gold or jewels. They want to steal things that are really valuable and we don't have any of that.
Nora: [Pauses for a moment, then says with a worried look] But we have candy!
Friday, October 24, 2008
It's the end of the world as we know it [Bryan]
In other news, global warming is proceeding quite nicely. A recent report noted that the "rate of ice melt this August was 33,000 square miles per day, the fastest that anyone has ever recorded for the month." Things are melting faster than anyone predicted or imagined.
Yikes! Time for some REM:
Sunday, October 19, 2008
Wow, Just Wow [Bryan]
Barry Obama just raised $150 million in September. That is more than double the biggest month any candidate for president has ever had. Now, it would be one thing if this was all from big money contributors -- it would be certainly less interesting, and perhaps even troubling if it came from only the ranks of the rich and powerful. But, the average donation was just $86 dollars. 3.1 million people have now contributed to the Obama campaign. This really is the people's campaign.
In other news, Colin Powell today endorsed Obama saying:
On the Obama side, I watched Mr. Obama and I watched him during this seven-week period. And he displayed a steadiness, an intellectual curiosity, a depth of knowledge and an approach to looking at problems like this and picking a vice president that, I think, is ready to be president on day one. And also, in not just jumping in and changing every day, but showing intellectual vigor. I think that he has a, a definitive way of doing business that would serve us well.....And I come to the conclusion that because of his ability to inspire, because of the inclusive nature of his campaign, because he is reaching out all across America, because of who he is and his rhetorical abilities--and we have to take that into account--as well as his substance--he has both style and substance--he has met the standard of being a successful president, being an exceptional president. I think he is a transformational figure. He is a new generation coming into the world--onto the world stage, onto the American stage, and for that reason I'll be voting for Senator Barack Obama.
The Chicago Tribune, a paper that has never endorsed a Democrat, just endorsed Obama, saying:
Many Americans say they're uneasy about Obama. He's pretty new to them.The Houston Chronicle, which hasn't supported a Democrat since LBJ, just endorsed Obama saying:
We can provide some assurance. We have known Obama since he entered politics a dozen years ago. We have watched him, worked with him, argued with him as he rose from an effective state senator to an inspiring U.S. senator to the Democratic Party's nominee for president.
We have tremendous confidence in his intellectual rigor, his moral compass and his ability to make sound, thoughtful, careful decisions. He is ready.
Obama appears to possess the tools to confront our myriad and daunting problems. He's thoughtful and analytical. He has met his opponents' attacks with calm and reasoned responses. Viewers of the debates saw a poised, well-prepared plausible president with well-articulated positions on the bread-and-butter issues that poll after poll indicate are the true concerns of voters. While Arizona Sen. John McCain and his running mate Alaska Gov. Sarah Palin have struck an increasingly personal and negative tone in their speeches, Obama has continued to talk about issues of substance.Christopher Buckley, son of William F. Buckley, the father of American conservatism endorsed Obama this week:
Obama had 100,000 people at the rally yesterday in St. Louis, pictured above.As for Senator Obama: He has exhibited throughout a “first-class temperament,” pace Oliver Wendell Holmes, Jr.’s famous comment about FDR....I’ve read Obama’s books, and they are first-rate. He is that rara avis, the politician who writes his own books. Imagine. He is also a lefty. I am not. I am a small-government conservative who clings tenaciously and old-fashionedly to the idea that one ought to have balanced budgets....But having a first-class temperament and a first-class intellect, President Obama will (I pray, secularly) surely understand that traditional left-politics aren’t going to get us out of this pit we’ve dug for ourselves.
Obama has in him—I think, despite his sometimes airy-fairy “We are the people we have been waiting for” silly rhetoric—the potential to be a good, perhaps even great leader. He is, it seems clear enough, what the historical moment seems to be calling for.
Powell's endorsement:
Blogging the Wasteland II [Bryan]
AFTER the torchlight red on sweaty faces
After the frosty silence in the gardens
After the agony in stony places
The shouting and the crying
Prison and place and reverberation
Of thunder of spring over distant mountains
He who was living is now dead
We who were living are now dying
With a little patience
Here is no water but only rock
Rock and no water and the sandy road
The road winding above among the mountains
Which are mountains of rock without water
If there were water we should stop and drink
Amongst the rock one cannot stop or think
Sweat is dry and feet are in the sand
If there were only water amongst the rock
Dead mountain mouth of carious teeth that cannot spit
Here one can neither stand nor lie nor sit
There is not even silence in the mountains
But dry sterile thunder without rain
There is not even solitude in the mountains
But red sullen faces sneer and snarl
From doors of mudcracked houses
Bryan Comments: Thus begins my favorite section of the Wasteland, "Section V: What The Thunder Said." Obviously, we have a reference to the Crucifixion here: "the agony in stony places," "prison and palace and reverberation," "the frosty silence in the gardens," and so forth. After the agony, we are presented with travelers on a path. The poem at this point captures the emptiness of their despair by using the image of dryness. The sweat is dry and the path is sandy. There are rocks that cannot "spit" and dry thunder "without rain." There is, we are told, "not even silence in these mountains" (one of my favorite lines). The land itself seems to thirst for refreshment, for life.
If there were water
And no rock
If there were rock
And also water
And water
A spring
A pool among the rock
If there were the sound of water only
Not the cicada
And dry grass singing
But sound of water over a rock
Where the hermit-thrush sings in the pine trees
Drip drop drip drop drop drop drop
But there is no water
Bryan comments: Here we enter the minds of the travelers, who see the dryness, feels their thirst, and wish for something different. It is as if the travelers start to see a cool pool of water. They can almost hear the water dripping and the birds singing. "But," back to reality they remind themselves that "there is no water."
Who is the third who walks always beside you?
When I count, there are only you and I together
But when I look ahead up the white road
There is always another one walking beside you
Gliding wrapt in a brown mantle, hooded
I do not know whether a man or a woman
- But who is that on the other side of you?
Bryan comments: Suddenly, there is the realization of a mysterious stranger on the road. The stranger does not appear suddenly, but has been "always walking beside you." The identity of the stranger is kept hidden -- he (or she) is hooded, wrapped in the brown mantle. The presence of the stranger is difficult to verify. When we count, we can only seem to count the two of us. Yet there is always a third, walking with us. Is the stranger an illusion, like the water? Or do we have the promise of the stranger, a friend, who helps us walk the Wasteland? The parallels to the famous Road to Emmaus story in the Bible are fairly clear here: Hopeless travelers walking on a road after a tragedy encounter the disguised Jesus who offers salvation.
What is that sound high in the air
Murmur of maternal lamentation
Who are those hooded hordes swarming
Over endless plains, stumbling in cracked earth
Ringed by the flat horizon only
What is the city over the mountains
Cracks and reforms and bursts in the violet air
Falling towers
Jerusalem Athens Alexandria
Vienna London
Unreal
Bryan comments: At this point, Eliot resumes his critique of the "unreal city" that he began in the first section. London, as with all other great cities, will fall to the sound of "maternal lamentation" (again, a reference to the Crucifixion). Instead of one hooded stranger walking always beside us, we now have hooded minions mindlessly swarming over the dry, cracked land. Are these hordes a hopeful promise that such friends are everywhere? Not really: the description of these people as "swarming hordes" makes them seem undesirable, like insects. Are these people distractions, then, from the real hooded companion who walks always beside us? Is it an admission that the true "friend" will be difficult to recognize? Is Eliot offering us hope in a hooded stranger, but then admitting that truth (and true friendship) will be difficult to recognize? Yes, I think so. Section V is a picture of hope permeated by doubt; true companionship, and salvation in such friendship, is available, but it is hard to recognize through the smog of the unreal city.
Thursday, October 16, 2008
That one is a comedian [Bryan]
I hear McCain was also really funny. I'll put that up once I find it.
Saturday, October 11, 2008
What I Can't Say [Ellie]
So Bryan’s challenge to me was to write about what that feels like. What it’s like to be full of things I can’t say.
It feels. . .heavy. Sometimes I come away from a conversation so filled with the burden of another person’s sadness that I can’t think of anything else. I go through the motions of my life—making dinner, caring for my children, chatting with friends, laying in bed at night—worrying over how to help that person or solve that problem. I become distracted and distant without meaning to. I wish I could conjure a quick fix, for both of us.
It feels. . .daunting. I list all the families I know with troubles in my prayers every night and I’m astonished by the sheer number of them. The idea that I have some stewardship over so many people’s well-being, and that they are not all being well, makes me feel overwhelmed and powerless. The idea that many more are suffering and we’re not helping them because we don’t know to help is painful. I look at my to-do list from my meetings and feel paralyzed by all the musts and ought-to’s I see there. I wish all problems could be solved by a casserole.
It feels. . .lonely. I’m learning so much about human nature—my own and others’—that I find fascinating. There’s so little of it I can share without revealing too much. I feel like I have to edit my words. Other times I feel things are expected of me that are beyond what I have to give. I know that I sometimes disappoint people who expect more of someone in my position. I wish I were more than just me.
It feels. . .frustrating. I think of the many different ways I have seen help offered and
refused. I think of people who choose to sink deeper into their own unhappiness, even when others around them are trying hard to pull them out of it. I think of service rendered, time and time again, with no visible effects. I wish I could say: Happiness is very simple. You just have to stop doing what you’re doing to make yourself unhappy and choose happiness instead!
But it also feels. . .encouraging. Seeing the women around me serving each other, usually without fanfare or recognition, helps me know that the burden isn’t mine alone. So many women are so generous with their time, their love, their resources. I’m amazed by women’s abilities to transcend life’s petty concerns and see into each other’s hearts.
And it is. . .fulfilling. I feel a sense of purpose in serving others. I feel myself having to grow to meet new challenges. I feel myself being drawn out of my own petty concerns and into a bigger, more meaningful life.
If I can’t say what exactly I’m doing, at least I can say that it’s worthwhile. And that’s not nothing.
Friday, October 10, 2008
My sunburn and democratic theory [Bryan]
The rally itself was okay. By far, the best part about it was the people watching. In my professional work, I do quite a bit of reading and teaching about democratic theory -- stuff about how we can overcome our differences and manage to work together on common projects. The rally was the most visible instantiation of this democratic ideal that I have witnessed. Seemingly every type of person was there: white and black; blue-collar workers and professionals; young and old; lesbians and church groups; urbanites and Appalachian Ohioans; pacifists and veterans (and pacifist veterans); Orthodox Jews and not a few Utah-born Mormons! It was a veritable cornucopia of people coming together in common purpose. It was a hopeful scene in the face of a very bad national situation.
Some video
Wednesday, October 08, 2008
Ohio: Exploring the Old Attic [Bryan]
Here we are at Brandywine Falls, Cuyahoga Valley National Park
Hiking with Grandma.
Brandywine Falls
Fairport Harbor, OH. An interesting little lake town. Once upon a time, this place was apparently the Ellis Island of the Great Lakes, where many immigrants disembarked.
Playing with Grandpa at Fairport Harbor Beach.
We stopped in Kirtland, of course.
Just outside of Cleveland there is a little town called Chagrin Falls. It is both hip and traditional somehow, and right in the middle of town roars a big waterfall.Coming clean about my connection to Bill Ayers [Bryan]
A few years ago (2004 maybe), I was a teaching assistant at the University of Illinois. In our Foundations of Education class, we were using a book by Greg Michie called Holler If You Hear Me, which details the author's experience teaching in inner-city schools. The book advances the thesis that we can learn a lot about education by listening to the kids in our schools. The book had an approving foreword written by Bill Ayers, formerly of the Weather Underground (a group that planted some non-lethal bombs back in the 1960s) and currently an education professor at the UI Chicago campus. Since he was so close, we invited Ayers to come down to Champaign to talk about his ideas about education. He came and gave a fairly boring talk about education -- something about making sure students have an equal shot, treating them with dignity, and so forth. What is interesting is how forgettable it actually was -- standard progressive boilerplate reform rhetoric.
After his talk, we teaching assistants talked with Ayers for about an hour. He was friendly and generous with his time, if at times a bit gloomy. If I remember correctly, he mostly criticized how schools are presented in the media. I think I remember that he hates the movie "Stand and Deliver" because the movie seems to imply that the problem with schools is that teachers aren't willing to work themselves to death. It was an interesting conversation, although none of it would be considered radical. Although I found his lecture a bit boring, I left with a mildly positive impression of the guy, even though I certainly disagree with his choice 40 years ago to oppose the Vietnam War in the way that he did.
It now occurs to me, though, that some people would claim that I "pal around with domestic terrorists." I have never thought that talking to people from various backgrounds and beliefs could be a liability, but I guess that is the way things are in some circles. There go my chances at being elected to anything.
Saturday, October 04, 2008
The life and times of Sarah Palin -- updated [Bryan]
Update: I guess what I'm trying to say is this: People say Palin is "authentic" and "real," but to me the opposite seems to be the case. From the "maverick" talk to the "bridge to nowhere," she seems like a big act. Ironically, the only real moment of authenticity in the Thursday debate for me came from Joe Biden as he spoke about losing his wife and being a single dad.
Friday, October 03, 2008
A corpse to stand on [Bryan]
In trenches by Les Boeufs. This part of the line is the worst in which I have been. All the land has been churned up by shell explosions, and for many days the weather has been wet. It is not possible to dig more than a foot without coming to water. The soil is more like thick slime than mud. When walking, one sinks several inches, and because of the suction it is difficult to withdraw one's feet. Men who are standing still or sitting down get embedded in the slime and cannot extricate themselves. As the trenches are so shallow, men have to stay where they are all day, and then we have to spend most of the night digging and pulling them out. The only way to do this is to put duck boards on either side of a man and then work at one leg, digging, poking, and pulling until the suction is relieved. Then a strong pull by three or four men will get one leg out, and work can begin on the other. Going to and from Battalion Headquarters, one hears men who got stuck calling out for help that often cannot be sent to them. All the time the [Germans] drop shells promiscuously. He who has a corpse to stand or sit on is lucky.
From the World War I diaries of Captain Alexaruler Stewart (as published in Somme: The Experiences of a Very Unimportant Officer)
Wednesday, October 01, 2008
$700 Billion? [Bryan]
The rescue plan now includes those four principles. It also includes a proposal I made yesterday morning to expand federal deposit insurance for families and small businesses across America who have invested their money in our banks. This will boost small businesses, make our banking system more secure, and help restore confidence by reassuring families that their money is safe....
I know many Americans are wondering what happens next. Passing this bill will not be the end of our work to strengthen our economy – it’s just the beginning of a long, hard road ahead. So let me tell you exactly how I’ll move forward as President.
From the moment I take office, my top priority will be to do everything I can to make sure that your tax dollars are protected. I will demand a full review of this financial rescue plan to make sure that it is working for you. If you – the American taxpayer – are not getting your money back, then we will change how this program is being managed. If need be, we will send new legislation to Congress to make sure that taxpayers are protected in line with the principles that I have put forward. You should expect nothing less from Washington.
If we do have losses, I’ve proposed a Financial Stability Fee on the financial services industry so Wall Street foots the bill – not the American taxpayer. And as I modernize the financial system to create new rules of the road to prevent another crisis, we will continue this fee to build up a reserve so that if this happens again, it will be the money contributed by banks that’s put at risk.
This will only work if there is real enforcement and real accountability. And that starts with presidential leadership. So let me be very clear: when I am President, financial institutions will do their part and pay their share, and American taxpayers will never again have to put their money on the line to pay for the greed and irresponsibility of Wall Street. That’s a pledge that I’ll make to you today, and it’s one that I’ll keep as President of the United States.
Anybody want to chime in on this? Obama's idea is to pass the bill, carefully manage the assets in various ways to work to taxpayer advantage, and regulate and build up a reserve to prevent future disasters. Vague, yes, but does this seem like a sensible approach?




