Remarks as Prepared for Delivery
Sen. John McCain Speaks at Rally in Virginia Beach, Va.
Monday, October 13, 2008; 12:08 PM
SPEAKER: SEN. JOHN MCCAIN, R-ARIZ.
[*] MCCAIN: Three weeks from now, you will choose a new President. Choose well. There is much at stake. These are hard times. Our economy is in crisis. Financial markets are collapsing. Credit is drying up. Your savings are in danger. Your retirement is at risk. Jobs are disappearing. The cost of health care, your children's college, gasoline and groceries are rising all the time with no end in sight. While your most important asset -- your home -- is losing value every day.
Americans are fighting in two wars. We face many enemies in this dangerous world, and they are waiting to see if our current troubles will permanently weaken us.
The next President won't have time to get used to the office. He won't have the luxury of studying up on the issues before he acts. He will have to act immediately. And to do that, he will need experience, courage, judgment and a bold plan of action to take this country in a new direction. We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change. The hour is late; our troubles are getting worse; our enemies watch. We have to act immediately. We have to change direction now. We have to fight.
I've been fighting for this country since I was seventeen years old, and I have the scars to prove it. If I'm elected President, I will fight to take America in a new direction from my first day in office until my last. I'm not afraid of the fight, I'm ready for it.
I'm not going to spend $700 billion dollars of your money just bailing out the Wall Street bankers and brokers who got us into this mess. I'm going to make sure we take care of the people who were devastated by the excesses of Wall Street and Washington. I'm going to spend a lot of that money to bring relief to you, and I'm not going to wait sixty days to start doing it.
I have a plan to protect the value of your home and get it rising again by buying up bad mortgages and refinancing them so if your neighbor defaults he doesn't bring down the value of your house with him.