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Foreign Policy Debate - Financial Recovery: As president,...

573 views · Published 29 September 2008 · 12:49 · Indexed 20 September 2026

Channel: C-SPAN · 2008 · News & Politics

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http://www.c-spanarchives.org/library/vidLink.php?b=1222478760&e=1222479528&n=002

SEN. OBAMA: Right.


MR. LEHRER: What are you going to have to give up, in terms of
the priorities that you would bring as president of the United States,
as a result of having to pay for the financial rescue plan?


SEN. OBAMA: Well, there are a range things that are probably
going to have to be delayed.  We don't yet know what our tax revenues
are going to be.  The economy is slowing down.
So it's hard to anticipate right now what the budget's going to
look like next year.  But there's no doubt that we're not going to be
able to do everything that, I think, needs to be done.  There are some
things that, I think, have to be done.
We have to have energy independence.  So I've put forward a plan
to make sure that in 10 years time, we have freed ourselves from
dependence on Middle Eastern oil, by increasing production at home but
most importantly by starting to invest in alternative energies --
solar, wind, biodiesel -- making sure that we're developing the fuel-
efficient cars of the future right here in the United States, in Ohio
and Michigan instead of Japan and South Korea.
We have to fix our health care system, which is putting an
enormous burden on families. Just -- a report just came out that the
average deductible went up 30 percent on American families. They are
getting crushed, and many of them are going bankrupt as a consequence
of health care. I'm meeting folks all over the country. We have to
do that now, because it'll actually make our businesses and our
families better off.
The third thing we have to do is we've got to make sure that
we're competing in educatio

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