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SARAH! SARAH! SARAH! Gov. Palin wows her national GOP

Alaska Governor and new Republican vice presidential nominee Sarah Palin

ST. PAUL -- It was a passionately partisan crowd. Its 20,000+ members were eager to love her. And after recent relentless days of negative stories about Sen. John McCain's pick for a running mate, the Republicans packing the Xcel Energy Center here were feeling besieged by an alien media, as the GOP has for decades.

But tonight for the first time in its more than 16-decade history, the Republican Party nominated a woman vice president, and fell in love with her at the same time.

Whether that translates into enough votes for the John McCain-Sarah Palin ticket to win the White House on Nov. 4 will be decided in the next 61 days of campaigning. But for tonight among her own extensive family and among the GOP family assembled in this graceful old city named for a saint known for patience, Gov. Palin scored a rhetorical hat trick (a term any hockey mom would know).

At least inside the building.

We'll publish the historic speech's entire text below, along with some of the crowd's favorite lines. And here, before we describe more, are some video highlights:

Palin praised the top of the ticket for his courage and leadership. She vowed they'd reform a national capital that was once a swamp.

She delivered some pretty sharp elbows to the opposition's chin, as she did on the high school basketball court, where her nickname was Sarah Barracuda.

And she presented herself as a determined small-town mom aware of the needs and challenges of real American families.

The 44-year-old Palin had the presence of a former broadcaster, the poise of a former beauty contestant. The down-to-earthiness of a mom with five children, from 19 years old down to 4 months. And the realistic eye of a natural politician who knows the sales appeal of reform and the power of the pause.

And in doing so, Palin won the hearts of the delegates, who were but enthusiastic extras in the television drama transmitted into millions of homes. There, many Americans got their first impression of....

...this governor from a vast, distant land that was purchased from Russia by history's second Republican administration.

In her one ad lib of the evening, Palin drew a resounding roar from the crowd that frequently broke into chants of "Sarah! Sarah! Sarah!" "You know the difference between a hockey mom and a pit bull?" asked the mother of five, pausing perfectly as the noise died. "Lipstick!" (See video below.)

Her husband of 20 years, Todd, a United Steelworkers Union member, smiled and nodded knowingly to those sitting around him.

By Monday she'll be out on the campaign trail on her own, delivering the message of the day as the No. 2 salesperson in the exhausting routine that is a national campaign.

And that will be yet another test for the former mayor and current governor who stood down her own party's establishment to win the state's chief executive job two years ago.

Strong and normal were the reactions of many delegates. Dick Stoffel is a 65-year-old carpenter who lives six miles down the road from Palin's home in Wasilla. He told The Times' Bob Drogin that he's worked for and contributed to her campaigns since she first ran for mayor.

"She's in touch with the common person," Stoffel said. "She admits she's not a perfect person. She has problems like anyone else. But she doesn't hide them. She's genuine."

"A political star was born tonight," Paul Viar, a retired GM worker from Michigan told our Maeve Reston. "That was astonishing!"

For video highlights of the speech, go here.

--Andrew Malcolm

Alaska Governor and new Republican vice presidential candidate Sarah Palin with her newborn Trig

Some of the crowd's favorite lines:

"I was mayor of my hometown. And since our opponents in this presidential election seem to look down on that experience, let me explain to them what the job involves.

"I guess a small-town mayor is sort of like a 'community organizer,' except that you have actual responsibilities."

"In April, my husband, Todd, and I welcomed our littlest one into the world, a perfectly beautiful baby boy named Trig. From the inside, no family ever seems typical. That's how it is with us.

"Our family has the same ups and downs as any other ... the same challenges and the same joys. Sometimes even the greatest joys bring challenge. And children with special needs inspire a special love.

"To the families of special-needs children all across this country, I have a message: For years, you sought to make America a more welcoming place for your sons and daughters.

"I pledge to you that if we are elected, you will have a friend and advocate in the White House."

"Sudden and relentless reform never sits well with entrenched interests and power brokers. That's why true reform is so hard to achieve."

"We've all heard his dramatic speeches before devoted followers. And there is much to like and admire about our opponent. But listening to him speak, it's easy to forget that this is a man who has authored two memoirs...but not a single major law or reform -- not even in the state Senate."

"In politics, there are some candidates who use change to promote their careers. And then there are those, like John McCain, who use their careers to promote change."

"My fellow citizens, the American presidency is not supposed to be a journey of 'personal discovery.' This world of threats and dangers is not just a community, and it doesn't just need an organizer.

"And though both Sen. Obama and Sen. Biden have been going on lately about how they are always, quote, 'fighting for you,' let us face the matter squarely.

"There is only one man in this election who has ever really fought for you ... in places where winning means survival and defeat means death ... and that man is John McCain."

Remarks by Alaska Governor Sarah Palin

Mr. Chairman, delegates, and fellow citizens: I am honored to be considered for the nomination for Vice President of the United States.

I accept the call to help our nominee for president to serve and defend America.

I accept the challenge of a tough fight in this election... against confident opponents ... at a crucial hour for our country.

And I accept the privilege of serving with a man who has come through much harder missions ... and met far graver challenges ... and knows how tough fights are won - the next president of the United States, John S. McCain.

It was just a year ago when all the experts in Washington counted out our nominee because he refused to hedge his commitment to the security of the country he loves.

With their usual certitude, they told us that all was lost -- there was no hope for this candidate who said that he would rather lose an election than see his country lose a war.

But the pollsters and pundits overlooked just one thing when they wrote him off.

They overlooked the caliber of the man himself - the determination, resolve, and sheer guts of Senator John McCain. The voters knew better.

And maybe that's because they realize there is a time for politics and a time for leadership ... a time to campaign and a time to put our country first.

Our nominee for president is a true profile in courage, and people like that are hard to come by.

He's a man who wore the uniform of this country for 22 years, and refused to break faith with those troops in Iraq who have now brought victory within sight.

And as the mother of one of those troops, that is exactly the kind of man I want as commander in chief. I'm just one of many moms who'll say an extra prayer each night for our sons and daughters going into harm's way.

Our son Track is 19.

And one week from tomorrow -- September 11th -- he'll deploy to Iraq with the Army infantry in the service of his country.

My nephew Kasey also enlisted, and serves on a carrier in the Persian Gulf.

My family is proud of both of them and of all the fine men and women serving the country in uniform. Track is the eldest of our five children.

In our family, it's two boys and three girls in between - my strong and kind-hearted daughters Bristol, Willow, and Piper.

And in April, my husband Todd and I welcomed our littlest one into the world, a perfectly beautiful baby boy named Trig. From the inside, no family ever seems typical.

That's how it is with us.

Our family has the same ups and downs as any other ... the same challenges and the same joys.

Sometimes even the greatest joys bring challenge.

And children with special needs inspire a special love.

To the families of special-needs children all across this country, I have a message: For years, you sought to make America a more welcoming place for your sons and daughters.

I pledge to you that if we are elected, you will have a friend and advocate in the White House. Todd is a story all by himself.

He's a lifelong commercial fisherman ... a production operator in the oil fields of Alaska's North Slope ... a proud member of the United Steel Workers' Union ... and world champion snow machine racer.

Throw in his Yup'ik Eskimo ancestry, and it all makes for quite a package.

We met in high school, and two decades and five children later he's still my guy. My Mom and Dad both worked at the elementary school in our small town.

And among the many things I owe them is one simple lesson: that this is America, and every woman can walk through every door of opportunity.

My parents are here tonight, and I am so proud to be the daughter of Chuck and Sally Heath. Long ago, a young farmer and habber-dasher from Missouri followed an unlikely path to the vice presidency.

A writer observed: "We grow good people in our small towns, with honesty, sincerity, and dignity." I know just the kind of people that writer had in mind when he praised Harry Truman.

I grew up with those people.

They are the ones who do some of the hardest work in America ... who grow our food, run our factories, and fight our wars.

They love their country, in good times and bad, and they're always proud of America. I had the privilege of living most of my life in a small town.

I was just your average hockey mom, and signed up for the PTA because I wanted to make my kids' public education better.

When I ran for city council, I didn't need focus groups and voter profiles because I knew those voters, and knew their families, too.

Before I became governor of the great state of Alaska, I was mayor of my hometown.

And since our opponents in this presidential election seem to look down on that experience, let me explain to them what the job involves.

I guess a small-town mayor is sort of like a "community organizer," except that you have actual responsibilities. I might add that in small towns, we don't quite know what to make of a candidate who lavishes praise on working people when they are listening, and then talks about how bitterly they cling to their religion and guns when those people aren't listening.

We tend to prefer candidates who don't talk about us one way in Scranton and another way in San Francisco.

As for my running mate, you can be certain that wherever he goes, and whoever is listening, John McCain is the same man. I'm not a member of the permanent political establishment.< br>
And I've learned quickly, these past few days, that if you're not a member in good standing of the Washington elite, then some in the media consider a candidate unqualified for that reason alone.

But here's a little news flash for all those reporters and commentators: I'm not going to Washington to seek their good opinion - I'm going to Washington to serve the people of this country. Americans expect us to go to Washington for the right reasons, and not just to mingle with the right people.

Politics isn't just a game of clashing parties and competing interests.

The right reason is to challenge the status quo, to serve the common good, and to leave this nation better than we found it.

No one expects us to agree on everything.

But we are expected to govern with integrity, good will, clear convictions, and ... a servant's heart.

I pledge to all Americans that I will carry myself in this spirit as vice president of the United States. This was the spirit that brought me to the governor's office, when I took on the old politics as usual in Juneau ... when I stood up to the special interests, the lobbyists, big oil companies, and the good-ol' boys network.

Sudden and relentless reform never sits well with entrenched interests and power brokers. That's why true reform is so hard to achieve.

But with the support of the citizens of Alaska, we shook things up.

And in short order we put the government of our state back on the side of the people.

I came to office promising major ethics reform, to end the culture of self-dealing. And today, that ethics reform is the law.

While I was at it, I got rid of a few things in the governor's office that I didn't believe our citizens should have to pay for.

That luxury jet was over the top....

I put it on Ebay.

I also drive myself to work.

And I thought we could muddle through without the governor's personal chef -- although I've got to admit that sometimes my kids sure miss her. I came to office promising to control spending -- by request if possible and by veto if necessary.

Senator McCain also promises to use the power of veto in defense of the public interest -- and as a chief executive, I can assure you it works.

Our state budget is under control.

We have a surplus.

And I have protected the taxpayers by vetoing wasteful spending: nearly half a billion dollars in vetoes.

I suspended the state fuel tax, and championed reform to end the abuses of earmark spending by Congress.

I told the Congress "thanks, but no thanks," for that Bridge to Nowhere.

If our state wanted a bridge, we'd build it ourselves. When oil and gas prices went up dramatically, and filled up the state treasury, I sent a large share of that revenue back where it belonged -- directly to the people of Alaska.

And despite fierce opposition from oil company lobbyists, who kind of liked things the way they were, we broke their monopoly on power and resources.

As governor, I insisted on competition and basic fairness to end their control of our state and return it to the people.

I fought to bring about the largest private-sector infrastructure project in North American history.

And when that deal was struck, we began a nearly forty billion dollar natural gas pipeline to help lead America to energy independence.

That pipeline, when the last section is laid and its valves are opened, will lead America one step farther away from dependence on dangerous foreign powers that do not have our interests at heart.

The stakes for our nation could not be higher.

When a hurricane strikes in the Gulf of Mexico, this country should not be so dependent on imported oil that we are forced to draw from our Strategic Petroleum Reserve.

And families cannot throw away more and more of their paychecks on gas and heating oil.

With Russia wanting to control a vital pipeline in the Caucasus, and to divide and intimidate our European allies by using energy as a weapon, we cannot leave ourselves at the mercy of foreign suppliers.

To confront the threat that Iran might seek to cut off nearly a fifth of world energy supplies ... or that terrorists might strike again at the Abqaiq facility in Saudi Arabia ... or that Venezuela might shut off its oil deliveries ... we Americans need to produce more of our own oil and gas.

And take it from a gal who knows the North Slope of Alaska: we've got lots of both.

Our opponents say, again and again, that drilling will not solve all of America's energy problems - as if we all didn't know that already.

But the fact that drilling won't solve every problem is no excuse to do nothing at all.

Starting in January, in a McCain-Palin administration, we're going to lay more pipelines ... build more nuclear plants ... create jobs with clean coal ... and move forward on solar, wind, geothermal, and other alternative sources.

We need American energy resources, brought to you by American ingenuity, and produced by American workers. I've noticed a pattern with our opponent.

Maybe you have, too.

We've all heard his dramatic speeches before devoted followers.

And there is much to like and admire about our opponent.

But listening to him speak, it's easy to forget that this is a man who has authored two memoirs but not a single major law or reform - not even in the state senate.

This is a man who can give an entire speech about the wars America is fighting, and never use the word "victory" except when he's talking about his own campaign. But when the cloud of rhetoric has passed ... when the roar of the crowd fades away ... when the stadium lights go out, and those Styrofoam Greek columns are hauled back to some studio lot - what exactly is our opponent's plan?

What does he actually seek to accomplish, after he's done turning back the waters and healing the planet? The answer is to make government bigger ... take more of your money ... give you more orders from Washington ... and to reduce the strength of America in a dangerous world. America needs more energy ... our opponent is against producing it.

Victory in Iraq is finally in sight ... he wants to forfeit.

Terrorist states are seeking new-clear weapons without delay ... he wants to meet them without preconditions.

Al Qaeda terrorists still plot to inflict catastrophic harm on America ... he's worried that someone won't read them their rights? Government is too big ... he wants to grow it.

Congress spends too much ... he promises more.

Taxes are too high ... he wants to raise them. His tax increases are the fine print in his economic plan, and let me be specific.

The Democratic nominee for president supports plans to raise income taxes ... raise payroll taxes ... raise investment income taxes ... raise the death tax ... raise business taxes ... and increase the tax burden on the American people by hundreds of billions of dollars.

My sister Heather and her husband have just built a service station that's now opened for business -- like millions of others who run small businesses.

How are they going to be any better off if taxes go up? Or maybe you're trying to keep your job at a plant in Michigan or Ohio ... or create jobs with clean coal from Pennsylvania or West Virginia ... or keep a small farm in the family right here in Minnesota.

How are you going to be better off if our opponent adds a massive tax burden to the American economy? Here's how I look at the choice Americans face in this election.

In politics, there are some candidates who use change to promote their careers.

And then there are those, like John McCain, who use their careers to promote change.

They're the ones whose names appear on laws and landmark reforms, not just on buttons and banners, or on self-designed presidential seals.

Among politicians, there is the idealism of high-flown speechmaking, in which crowds are stirringly summoned to support great things.

And then there is the idealism of those leaders, like John McCain, who actually do great things. They're the ones who are good for more than talk ... the ones we have always been able to count on to serve and defend America.

Senator McCain's record of actual achievement and reform helps explain why so many special interests, lobbyists, and comfortable committee chairmen in Congress have fought the prospect of a McCain presidency -- from the primary election of 2000 to this very day.

Our nominee doesn't run with the Washington herd. He's a man who's there to serve his country, and not just his party.

A leader who's not looking for a fight, but is not afraid of one either. Harry Reid, the Majority Leader of the current do-nothing Senate, not long ago summed up his feelings about our nominee.

He said, quote, "I can't stand John McCain." Ladies and gentlemen, perhaps no accolade we hear this week is better proof that we've chosen the right man.

Clearly what the Majority Leader was driving at is that he can't stand up to John McCain. That is only one more reason to take the maverick of the Senate and put him in the White House.

My fellow citizens, the American presidency is not supposed to be a journey of "personal discovery." This world of threats and dangers is not just a community, and it doesn't just need an organizer.

And though both Senator Obama and Senator Biden have been going on lately about how they are always, quote, "fighting for you," let us face the matter squarely.

There is only one man in this election who has ever really fought for you ... in places where winning means survival and defeat means death ... and that man is John McCain.

In our day, politicians have readily shared much lesser tales of adversity than the nightmare world in which this man, and others equally brave, served and suffered for their country.

It's a long way from the fear and pain and squalor of a six-by-four cell in Hanoi to the Oval Office. But if Senator McCain is elected president, that is the journey he will have made.

It's the journey of an upright and honorable man -- the kind of fellow whose name you will find on war memorials in small towns across this country, only he was among those who came home.

To the most powerful office on earth, he would bring the compassion that comes from having once been powerless ... the wisdom that comes even to the captives, by the grace of God ... the special confidence of those who have seen evil, and seen how evil is overcome.

A fellow prisoner of war, a man named Tom Moe of Lancaster, Ohio, recalls looking through a pin-hole in his cell door as Lieutenant Commander John McCain was led down the hallway, by the guards, day after day.

As the story is told, "When McCain shuffled back from torturous interrogations, he would turn toward Moe's door and flash a grin and thumbs up" - as if to say, "We're going to pull through this." My fellow Americans, that is the kind of man America needs to see us through these next four years.

For a season, a gifted speaker can inspire with his words.

For a lifetime, John McCain has inspired with his deeds.

If character is the measure in this election ... and hope the theme ... and change the goal we share, then I ask you to join our cause. Join our cause and help America elect a great man as the next president of the United States.

Thank you all, and may God bless America."

Photo of Palin at the podium: Genaro Molina / Los Angeles Times
Photo of Palin and her family: Joshua Roberts / Bloomberg News

 
Comments () | Archives (164)

The comments to this entry are closed.

LOVED HER!!!

Now THAT'S CHANGE you can believe in! NOT 20 years listening to you spiritual mentor/pastor spew hate at America, NOT being embroiled in Chicago-style hard boiled politics, NOT associations with individuals who don't have the best interests for America at heart, and are just for themselves (Rezko/Ayers). We have not forgotten, Obama... it was a mere 3 months ago that you threw all these under the bus, just to get elected!

She has as much substance as you Obama... now call that as you will!

Republicans have had 8 years to carry out all the empty promises McCain and Palin are currently claiming and look at what has become of our country Four more years of this nonsense is insane, and I certainly do not want a woman with zero international experience with the ability to launch a nuclear war

>"Did listen just a bit, but i can't stand her voice, and she trully reminds me of a pitbull.
But reading other posts...gotta tell you...she is really making a bad impression.>

Starting right in with the personal attacks on Palin. Man, you libs know you're really s.c.r.e.w.e.d, don't you?

No matter your attacks, insults, and insinuations, the Democrat party is going down because the American people recognize you for the phonies that you are.

Sarah Palin is my hero!! Hands down she is amazing and everything I wish I could be when I "grow up." I support her and her beliefs 110%, and her speech last night was AMAZING. She delivered it with poise, dignity and elegance mixed with a taste of firecracker. I look forward to seeing her in the VP seat for the next 4 years, and hope to see her at the oval office for the 8 following years!

Oh and lay off her in regards to "only being able to read a teleprompter" because her teleprompter was broken and she had to wing most of her speech...proof has been shown, and I am even more amazed by her for it!

STRONG WOMEN VOTE MCCAIN-PALIN 08!!

Matt 09/04/08 --4:34 AM
Matt posted this.
We know that Sarah Palin can read a speech that was written by a team of professional speech writers and rehearsed for several days. But does she know anything about economics or world affairs. Does she even know where the Russians invaded recently ? Reading a prepared speech doesn't suddenly make you a good VP. ( Sounds like you're talking about Barack Obama ).


Matt, this is Barack Obama's biggest problem. His only experience is reading a speech written by his team of professional speech writers. He adds hope and change never explaining what that means. Palin has a record of achievements but Obama has none, nothing. He's a blank and you're a fool.

You've got to be kidding me...
Are you left wingers really that ignorant?
Sarah Palin did not attack Obama or his VP.
She stood up for herself!
From the moment her name was given as McCain's choice, she has been under constant attack.
Whether that attack has come from the demoncratic party or their lackys the leftist liberal media, it has been brutal and very personal...
How many articles and news stories did we see about Biden's daughter's arrest six years ago for obstructing a police officer? Or that hePlagiarized a Paper in Law School?
Double standard at it's best...

It seems that most of the comments here focus on the fact that she read her speach from a teleprompter, proclaiming devine knowledge that it was someone elses words...
Like no other politician took advantage and the assistance of speechwriters...
Obama's: Jon Favreau
Biden's: Matthew Littman

Demoncratic party: Obama Biden ladin?

The speech?

More Rosanne Barr than Ronald Reagan.

A good read through. Seems capable enough. Following Guliani was a stroke of genious. Anyone would look competent by comparson.

While she temporarily exonerated McCain for his hasty choice, and energized the party faithful, very few others seem to be impressed.

It was a low bar. She passed.

There is still some serious vetting left undone.

Given McCains age, Palin is a difficult pill for most Americans to swallow.

I thought she was effective at reassuring the conservative base in a way McCain apparently can't. Voice is a little annoying, but she's an effective 'attack dog' (Lipstick Pitbull)

I'm concerned about the swirling controversies though: everything from infidelity to malfeasance and abuse of power. Some of her speech wasn't on the up-and-up either, but I blame the writer more than her. She's given McCain energy, but there are some dark clouds on the horizon.

The comments against Palin seem to either attack her by insulting names or negative personal opinion. "Get over yourself" Vote not for your selfish reasons but for the greater good of the country.

Chosing a President/ leader is like asking "Which person would you trust to cover your back in a fight?" Our country has been either at war or in competition all of its days. That's why character and experience count. I don't agree with McCain/ Palin in many areas. But I would want them at my back in a fight.

Did McCain pick Sarah Palin because Katherine Harris was too busy?

Trailerpark trash Saah and her slut daughter with grandpa John in the white house??? There's gonna be some funny stuff going on!!

I think that Sarah Palin is an embarssment to all women because she should be a mom first and formost and she cannot do both jobs and do them well, someone will suffer! I think that she will set women back in time and I personally think that she is doing her family a great disservice by leaving them to run in this election and not being at home with her children. I also fear her religous believes will be mixed in with her government and that is why the forfathers made the constitution, so we will have the Assembly of God running our country if McCain gets elected and she is the Vice-President and that scares the heck out of me, women will no longer have a choice to do what ever they want with their bodies, just like her daughter who obviously was not told about birth control and abstinance didn't work and why should she get married at 17 she is doomed to a life of unhappiness if she does that just to make her mom not look like the hipacrite that she is. Mad in Missouri

Well HELEN,

It seems you want women to have the right to kill their children in the womb, but at the same time want to restrict the same women from appointing baby sitters for their children who are yet living when they have important bussiness to attend to. I guess the only way she could have made you happy is to have aborted all of her children so she would be free to do whatever with her time. It seems like you think that if a man and wife have children that the woman should be the one to stay with them at the house and in so doing you forgive all the men who have hectic jobs and neglect giving quality time to their children. What you are arguing for is a double standard of judgement. LOL that is a perfect biblical answer from the doctrine of the Apostle Paul, which makes me wonder how you fit in with the party of militant feminists. Don't you think you are a walking contradiction?

You wonder about the Assemblies of God being shoved down your throat but a VP has less power to do so. You never mentioned that McCain who would have an even higher office might try to cram Catholicism down our throats. Why did you you leave him out. Never mind that Obama has been attending a United Church of Christ for years which also has gotten into his blood and politics. Should we be afraid of him for the same reason?

Originally the founding fathers made the Holy Bible the original main text book of the nations public schools which lasted well past 100 years. They set it up that paid chaplains would open congressional sessions with prayer, and the first 13 states had a requirement that those who held public office had to be Christians. The Mayflower compact when the pigrims came over states that they have come to this land that yet lives in darkness to bring them the glorious gospel of the Lord Jesus Christ. So it appears that you know nothing about about the forefathers or the constitution.

John the fair and balanced referee

I am not a Financial guru, however I don't think anyone in the congress is either. Now it is common sense without any degrees necessary to know foreign investment runs our markets..Not % ownership investment but Market Investment. Now Bernake, Paulson are Financial Guru's no doubt. but one is a College Degree Professor and the other a Ex-Wall St Goldman Sachs CEO who also walked with a Golden Parachute. This tells me his input to Bernake and Bush still leans towards rescuing CEO's also at the same time making insider Market Investors life a lot greener on Tax payer dollars while testing his proposal at Tax payer possible risk.

Bottom line who is going to stand up to Speaker Pelosi & Majority Leader Reid on reducing Capital gains Tax and Lowering Corporate Tax. This is against their ideoligy of keeping Main st dependent on their social giveaways. However it doesn't take a Guru to know 10 - 15 % Capital Gains Tax would produce billions of foreign investment dollars as well as domestic. Capital Markets would then have the reserves necessary to work out the CMO debt in time. All with out any Fed intervention. None of the Wall Street firms would have defaulted if Capital Gains Tax was reduced when CMO signals first became apparent and before Bear Stearns was showing weakness. No bail outs or J P Morgan presents from the Feds would of taken place. Plus hundred if not thousand of jobs would not of been lost instead many more created.

Bernake & Paulson could not reject this and would have to advise Bush to proceed at this level rather then $700 B Bail Out proposal. We can then Insure the same Bonds for under $100B and have Fannie Freddie stand behind them.

Democrats in Congress and Obama in no way want this. They are wracking their brains as this is written on how to pack more spending into this Paulson proposal.
tax incentive would attract Foreign Investment which would be blood transfusion to Markets and Economy beyond any Bail Out amount Paulson cold request. Congress and Obama depend on Main St. empty promises of Rich Kids giving their money to the Poor Kids and Congress Social Give Away Programs to 95% of the middle class. When I heard Senator Reid say Paulson/ Bernake found out we have responsibility to Main St not Wall St. you wonder how he does it with a straight face.


Jenna Lee Fox Bus. is correct. Even if Congress approves Paulson Bail Out markets still may not recover. May even drop further after short lived breather.

Remember Japan tried pumping money into markets on Real Estate Bubble in the 90's. It failed.

 
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A veteran foreign and national correspondent, Andrew Malcolm has served on the L.A. Times Editorial Board and was a Pulitzer finalist in 2004. He is the author of 10 nonfiction books and father of four. Read more.
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