Delivers Concise Statement of Our Economic State on Fox News

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... by anyone's standards. so it's understandable that lawmakers want to protect our investment. the senate's plan calls for an oversight board and gives the government the right to limit the pay of corporate executives who take taxpayer money and give the government shares in those companies. house majority leader steny hoyer. >> the irresponsibility, frankly of management on wall street, that has gotten us to this point. the risks that have been taken without any real concern about the ability of people to pay back debt should not be rewarded without substantially protecting the taxpayers. >> reporter: secretary paulson and chairman bernanke are concerned if the price of participation is too high, then only the companies holding a lot of junk will sell to the government and taxpayers won't get any good assets that could eventually be sold to get our money back. paulson said punishment is not the answer. >> i'm angry by the things that got us here, okay, but the greatest protection for the american taxpayer, by far the greatest protection is having this program work and having it effective. >> reporter: now, a key sticking point to the democratic proposal is to allow bankruptcy judges to modify mortgages on primary residents. that sounds fine but the concern is that some home owners may declare bank up is theory for reasons other than a troubled mortgage. the mortgage banker's association said that means lenders risk losing money on ordinary foreclosure loans and that would make mortgages more expensive for the rest of us. the democrats don't appear to be ready to budge on this point yet. brian? >> we're watching all night. >>> new details as that come -- they come in. the financial crisis created an enormous opportunity for someone, anyone, to seize the moment and lead. barack obama planned to spend the day preparing for friday night's debate with mccain and decided to weigh in on the efforts to solve the crisis in wall street instead. he accepted the bailout plan is inevitable. afterward, he claims, there needs to be a stimulous package. when it comes to the middle-class tax cuts i have called for, that is something that i believe is absolutely necessary to strengthen the economy that is going to be sliding, probably, into a deeper recession. >> in essence, what this plan requires is a $10,000 contribution per household in america. >> that is the $2,300 per- person figure. in ohio, mccain called -- got specific calling for five changes. a bipartisan oversight board, a way to recover taxpayer mean, no earmarks, making every detail available to the public online and mccain said no wall street executive should profit from taxpayer. how exactly the administration of politicians will spin this to explain how it helps the rest of us will be determined. you want 18,000 opinions on how wall street doesn't deserve the help, ask all of those people you saw there hitting up the d.c. job fair today. we did. heard from d.c.'s human resources corrector whsaid she was overwhelmed -- director who said she was overwhelmed by the thousands in that line there looking for a job. so many fire marshal and police were brought in to help with the crowd. >> looking at these many people trying to get jobs and as you can tell, no one's turning away. y that waiting. >> the job fair closed the doors at 4:00 p.m. with people still packed inside and the job vendors agreed to stay to accommodate the crowd that managed to make yet under the cutoff time. which presidential candidate you think is best suited to deal with the economy? go to www.myfoxdc.com and cast your web poll on our home page. >>> another part of the economic crisis equation, the pain at the pump. truckers, again, hit the capitol. protesting fuel prices b. 20 truckers showed up y.? how is this for irony? it costs truckers too much to travel here to protest, according to the organizers. members of truckers and citizens united drove the rigs from fed ex field to maryland and alcohol. protestors reiterateed fuel prices are threatening to put many out of business. >>> a truck fire on the beltway, snarled traffic on the outer loop near receiver road. here's the mess -- river road. the truck flipped and outer loop shut down for five hours. look at the backup and the mess. it's back open now and out of all of this, no one was hurt. if you took the train this morning, you saw it. no matter where you got off, a major show of force from amtrak and the tsa from vermont to virginia. the rush hour blitz was intended to show riders how safe they were. there were some random inspections. >>> investigating the sexual assault of say allegations woman making a house call. ...