What the President Will Say Tonight

Scott Ott seems to have gotten his hands on an advance copy of President Bush’s speech. It’s powerful stuff; here are some excerpts:

To sustain this shining city on a hill, we need to rescue the ignorant, irresponsible folks — from Wall Street to Capitol Hill to Main Street — who got us to where we are today. We must guarantee that no American suffers the soft bigotry of being forced to live with the consequences of his bad decisions.

We need to guarantee that the structures, systems, people and products that got us to this point won’t be tossed on the ash heap of history. If these giant companies fail, then America will be left with nothing but thousands of small to mid-sized financial firms that made prudent investment decisions during the past 15 years.

Americans value the liberty they have to buy homes they can’t afford, to invest in securities backed by nothing but hope, and to draw six- and seven-figure salaries based on the courage to risk taxpayer dollars on deals that even the dealmakers don’t understand.

To comment on this post, go here.

Responses

Books to read from Power Line