Opinion: Old times shared in 1994 'I Remember Hour' | Opinion
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republicans don t give a damn about main street. and they don t want this president to succeed or the democrats to get a win on the issue. a little over a year ago, i met privately with a few senate democrats and told them how hard it s going to be for the people to get their hands on cheap money. i believe the democrats know this is the key to the turning point to get our unemployment crisis turned around and kick start this economy. they ve got do it through community banks and they ve got to make it easy for people because the republicans just don t get it. joining me now is someone who does not see eye to eye with me on this one. stephen spruill, a staffer writer for the national review. thanks for having me on, sneed what s wrong about cheap money? what is the stick in the wheel that is stopping all of this, in your opinion. right. we re talking about the $30 billion fund that the government would use in a very t.a.r.p.-like manner to purchase preferred stock or over forms of
government guarantee low market rate money to lend out than to lend their own capital. stephen, these are going to be guaranteed loans by the government. we guaranteed money to wall street. there were no guarantees that the financial sector was going to be turned around. we took a hell of a chance for wall street. what you re saying is we can t take that chance because we re afraid there might be competition for private business that is sitting on the money. now, where is the fairness for the little guy here? the banks have the money. they don t want to lend it right now. exactly right! because they want to see this president fail. look, don t take this from me, ed. listen to the national federation for independent businesses. wait a minute. you know what? they are in my opinion they are not a credible source, one of the most partisan outfits out there. i m asking the basic question tonight. why is it that wall street got the big break and main street doesn t? no one in the r
is going to be a big legal volley. this afternoon a federal judge blocked a provision that would have allowed local police to stop anyone and demand to see identification. the decision note the threat of racial profiling and the fact that arizona state officials had overstepped their boundaries ruling there is a substantial likelihood that officers will wrongfully arrest legal resident aliens. now, this is a victory, but it s not permanent yet. this is just a temporary block. governor jan brewer of arizona made it clear this afternoon that she plans to fight this hooth tooth and nail. it s a little bump in the road, i believe, and that you know, until i get my whole arms around it, we don t really exactly know where we re going to go. we knew regardless of what happened today of course, one side or the other side was going to appeal. so this begins the process. they don t know where they re going to go? i find that rather interesting. are they winging it? why are they do
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