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(Very interesting eye-witness account! - promoted by Dean Barker)
Joe Biden just predicted a Democratic majority re-elected in November. He is giving a barnstormer of a speech.
He said the financial schemes under Bush watch constituted a big Ponzi scheme.
Personalized joblessness by talking about how his father had to leave Scranton for Delaware, initially leaving his family behind, because there were jobs there. Talks about how a job is not just a paycheck, but dignity.
Says that when they took office, they knew the situation was bad, and how hard it was going to be. They knew they had to act boldly and did.
Had to make tough choices.
(This is a good speech). All the initiatives taken were necessary, including preventing economic meltdown.
The banks are paying the money back. Health care reform passes. Tax cuts for small business and helping to build a new economy.
We have ended the outrages of Wall Street, and sot credit card practices of raising rents 40%. Ended practice of paying women less. Saved the auto industry. The auto industrybhas added 76,000 jobs. Instead of subsidizing banks, we are making student loans directly.