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Obama Press Conference
7:58
Charlie
- 3 minutes to go time or at least CNN go time
8:00
Charlie
- just so you all know, i'll have a post up later tonight/tomorrow morning about Geithner's plan. kinda deep stuff.
8:00
Charlie
- suri will be joining me shortly
8:01
Suri
- I'm here - some fancy doorsjust opened
8:01
Charlie
- there's our boy
8:02
Suri
- and we're under way!
8:03
Suri
- POTUS: many years and failures led us to this economic melt down - no quick fix, but we're seeing signs of progress
8:03
Charlie
- he's giving himself some stimulus love
8:03
Suri
- pittsburgh shout-out! woot woot
8:03
Charlie
- yeesh, signs of progress? i'm looking hard for them
8:04
Suri
- he is being a little optimistic about "the signs"
8:04
Suri
- and he's on to Geithner...
8:05
Charlie
- geithner plan, "public - private investment" - mostly public, somewhat private, and lots of money to Wall Street
8:05
Suri
- "Can't have a bubble then burst cycle"... not sure how avoidable that is...
8:06
Charlie
- i hear you, suri, but i like his committment to regulation and preventing another crisis like this one. business cycle isn't going away though
8:07
Suri
- he reaffirms the fact he isn't a fan of bonuses...
8:07
Charlie
- "we will recover from this recession, but it will take time and it will take patience"
8:08
Suri
- btw, charlie I think the TV feed is ahead of te online one
8:08
Suri
- questions time!
8:08
Charlie
- yea i already heard the whole question - basically, why should the government get authority to take over and wind down banks?
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