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September 24, 2008

Economic Emails...Obama's Online Petition and McCain's Suspended Campaign

Panic over Wall Street's $700 billion dollar bailout has prompted both presidential candidates to reach out on the Web. Obama has created an Web-fueled petition for responsible economic planning and McCain has suspended his presidential campaign.

Obama's community organizing roots show in his campaign's efforts to build an online petition for Congress and our President  to support a "Responsible Economic Recovery Plan" through the MyBO website. The petition is based on the following three principles:

  • No Golden Parachutes -- Taxpayer dollars should not be used to reward the irresponsible Wall Street executives who helmed this disaster.
  • Main Street, Not Just Wall Street -- Any bailout plan must include a payback strategy for taxpayers who are footing the bill and aid to innocent homeowners who are facing foreclosure.
  • Bipartisan Oversight -- The staggering amount of taxpayer money involved demands a bipartisan board to ensure accountability and oversight.

McCain's campaign sent word via email to his supporters ( also found on his website here) that he will be suspending his campaign indefinitely and has requested that Friday's first presidential debate, set to be live streaming on the Web, be delayed.

Both McCain and Obama have agreed that actions must be taken in order to address the economic crisis and both candidates have their full economic plans on their websites.  Obama disagrees with the need to cancel the debate. 

At least one person sees humor in the $700 billion dollar bailout...a satirical email has been floating around the Web and through the inboxes of officials in Washington mocking the bailout plan and helping to lighten the heavy feeling of doom that has come over Washington.

Posted by Buzz Webster at September 24, 2008 05:32 PM | Permalink | Comments (0)

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