No need to wonder anymore. Here’s the letter Barack Obama sent, through Larry Summers, to Congress earlier today:
Dear Madam Speaker, Leader Boehner, Leader Reid, and Leader McConnell:
As the President-elect recently stated, ”we start 2009 in the midst of a crisis unlike any other we have seen in our lifetime.” He strongly believes that while the American Recovery and Reinvestment plan is critical, it alone will not solve all the problems that led us into this crisis. We must work with the same sense of urgency to stabilize and repair the financial system to address his primary concern: that we maintain the flow of credit that families and businesses depend on to keep our economy strong. It was that concern that led the President-elect to support the financial rescue plan back in September. If we had not all acted together Democrats and Republicans – this economic crisis would have already become an economic catastrophe, with even more jobs lost and more businesses closed.
Here’s the full letter ….
January 12th, 2009 at 10:21 pm
He was thinking up tactful ways to point out that we are credit card junkies who can’t live within our means and that if we had had to found and build this country – it wouldn’t exist today.