Obama Inaugural Address: Summary & Analysis

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In summary, the president is thanking the citizens for their support during the transition and stating that the challenges facing the nation are real, but that America will overcome them.
  • #1
LowlyPion
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My fellow citizens: I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.

Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.

So it has been. So it must be with this generation of Americans.

That we are in the midst of crisis is now well understood. Our nation is at war, against a far–reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.

These are the indicators of crisis, subject to data and statistics. Less measurable but no less profound is a sapping of confidence across our land — a nagging fear that America's decline is inevitable, and that the next generation must lower its sights.

Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America — they will be met.

On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.

On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.

We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God–given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.

In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short–cuts or settling for less. It has not been the path for the faint-hearted — for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk–takers, the doers, the makers of things — some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom.

For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.

For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.

For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn.

Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.

This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions — that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.

For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act — not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.

Now, there are some who question the scale of our ambitions — who suggest that our system cannot tolerate too many big plans. Their memories are short. For they have forgotten what this country has already done; what free men and women can achieve when imagination is joined to common purpose, and necessity to courage.

What the cynics fail to understand is that the ground has shifted beneath them — that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works — whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account — to spend wisely, reform bad habits, and do our business in the light of day — because only then can we restore the vital trust between a people and their government.

Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control — and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart — not out of charity, but because it is the surest route to our common good.

As for our common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake. And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: know that America is a friend of each nation and every man, woman, and child who seeks a future of peace and dignity, and that we are ready to lead once more.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

We are the keepers of this legacy. Guided by these principles once more, we can meet those new threats that demand even greater effort — even greater cooperation and understanding between nations. We will begin to responsibly leave Iraq to its people, and forge a hard–earned peace in Afghanistan. With old friends and former foes, we will work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet. We will not apologize for our way of life, nor will we waver in its defense, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you.

For we know that our patchwork heritage is a strength, not a weakness. We are a nation of Christians and Muslims, Jews and Hindus — and non–believers. We are shaped by every language and culture, drawn from every end of this Earth; and because we have tasted the bitter swill of civil war and segregation, and emerged from that dark chapter stronger and more united, we cannot help but believe that the old hatreds shall someday pass; that the lines of tribe shall soon dissolve; that as the world grows smaller, our common humanity shall reveal itself; and that America must play its role in ushering in a new era of peace.

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West — know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect. For the world has changed, and we must change with it.

As we consider the road that unfolds before us, we remember with humble gratitude those brave Americans who, at this very hour, patrol far–off deserts and distant mountains. They have something to tell us today, just as the fallen heroes who lie in Arlington whisper through the ages. We honor them not only because they are guardians of our liberty, but because they embody the spirit of service; a willingness to find meaning in something greater than themselves. And yet, at this moment — a moment that will define a generation — it is precisely this spirit that must inhabit us all.

For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter's courage to storm a stairway filled with smoke, but also a parent's willingness to nurture a child, that finally decides our fate.

Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends — hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism — these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility — a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.

This is the price and the promise of citizenship.

This is the source of our confidence — the knowledge that God calls on us to shape an uncertain destiny.

This is the meaning of our liberty and our creed — why men and women and children of every race and every faith can join in celebration across this magnificent mall, and why a man whose father less than sixty years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath.

So let us mark this day with remembrance, of who we are and how far we have traveled. In the year of America's birth, in the coldest of months, a small band of patriots huddled by dying campfires on the shores of an icy river. The capital was abandoned. The enemy was advancing. The snow was stained with blood. At a moment when the outcome of our revolution was most in doubt, the father of our nation ordered these words be read to the people: "Let it be told to the future world...that in the depth of winter, when nothing but hope and virtue could survive...that the city and the country, alarmed at one common danger, came forth to meet [it]."

America. In the face of our common dangers, in this winter of our hardship, let us remember these timeless words. With hope and virtue, let us brave once more the icy currents, and endure what storms may come. Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
http://www.time.com/time/politics/article/0,8599,1872715,00.html
 
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  • #2
Forty-four Americans have now taken the presidential oath.

Really? Who counted twice, FDR (who served long enough for two), Cleveland (who served twice), or Taft (who weighed enough for two)? :uhh:
 
  • #3
Presumably you aren't president until you have taken the oath, but ex-presidents keep the title, so Cleveland on his second term was the only 'president' to swear it.

(incumbents don't re-swear for a second term do they?)
 
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  • #4
CRGreathouse said:
Really? Who counted twice, FDR (who served long enough for two), Cleveland (who served twice), or Taft (who weighed enough for two)? :uhh:
Why do you ask?
 
  • #5
Gokul43201 said:
Why do you ask?

In the way that presidencies are counted Grover Cleveland is counted as 22 and 24 because of his discontiguous terms of office. While they call Obama 44, really he is but the 43rd unique individual to assume the office.
 
  • #6
Apparently the president is the third highest paid federal employee - anyone guess what the two higher ones are?
(if you work for a US university - you will know)
 
  • #7
mgb_phys said:
Apparently the president is the third highest paid federal employee - anyone guess what the two higher ones are?
(if you work for a US university - you will know)

Navy football coach?
 
  • #8
LowlyPion said:
In the way that presidencies are counted Grover Cleveland is counted as 22 and 24 because of his discontiguous terms of office. While they call Obama 44, really he is but the 43rd unique individual to assume the office.
Ah yes, didn't think of that.
 
  • #9
I'm excited about the whole "restore science to its rightful place" thing.
Also, it's refreshing that he acknowledges us non–believers.
 
  • #10
Greg Bernhardt said:
Navy football coach?

Airforce and Army - the Navy guy is paid even more but it's a private donation !
 
  • #11
we will extend a hand if you are willing to unclench your fist.
Words I wanted to hear.
Thank you and congratulations President Obama.
 
  • #12
LowlyPion said:
In the way that presidencies are counted Grover Cleveland is counted as 22 and 24 because of his discontiguous terms of office. While they call Obama 44, really he is but the 43rd unique individual to assume the office.

But he didn't say that... he said that he was the 44th American to swear the oath. Not that there were 44 oaths sworn (which may or may not be true), not that he was the 44th president.

Just a little pedantry I thought I'd bring up since I haven't seen it elsewhere.
 
  • #13
https://www.youtube.com/watch?v=VjnygQ02aW4

I like this version because it includes Roberts screw up of the oath. And Obama knew the difference.

You'd think that with the Chief Justice having such little occasion to speak publicly outside the Court, that he could manage not to screw it up.
 
  • #14
CRGreathouse said:
But he didn't say that... he said that he was the 44th American to swear the oath.

The first 7 presients weren't American - they were born in a British colony.
Just a little pedantry I thought I'd bring up since I haven't seen it elsewhere.
Always dangerous around here
 
  • #15
44 said:
Our health care is too costly...and wield technology's wonders to raise health care's quality and lower its cost...
Appears he has his eye on the right ball with these statements. Cost, cost, cost; then coverage.
 
  • #16
mgb_phys said:
The first 7 presients weren't American - they were born in a British colony.

They were American, just not born in the USA.
 
  • #18
mgb_phys said:
Just in case there are any people here who are interested in over-analysing obscure technical points - this article describes Biden's brief stint as president today:
http://www.washingtoncitypaper.com/blogs/citydesk/2009/01/20/remember-when-biden-was-president/
Quickly chasing obscurity before it gets away - Sorry I don't think VP Joe had his two minutes. As alluded to in the very last paragraph of your link, I think the technical legal reality is that the US actually has NO President for those couple of minutes. Accession to the office requires some 'controlling legal authority' to take direct action, in this case by means of someone taking the oath as specified in Art II, Sec 1. No one did until 44 stepped up. Same goes for Johnson after Kennedy's assassination, and hence the urgency of swearing him in on the plane back to Washington.
 

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  • #19
I believe it must have been that concern that motivated Al Haig to rush to the reporters to inform them he was in charge when Reagan was shot and Bush hadn't been rounded up as backup. Never mind that he wasn't next after the VP in succession.
 
  • #20
His speech was certainly on the positive note. He uses kind of a selective history and interpretation of it in efforts to be a good speech giver and to inspire people. I'm not saying it is a bad thing. Someone once taught me that every person, can be viewed in two lights. In one light they will be offensive and in another they will be respectable and inspiring. They told me that it is best for a person to choose to view others in the light which is least hurtful to yourself. This is how Obama would have us view America. I'm not sure I like this idea though, because as long as you keep exposing only the positive light, the longer the negative light can go un-noticed and not dealt with. I'm still waiting for Obama to be a little more realistic and down to earth. But, who knows, maybe he will just plain inspire us into a better county. I hope he is successful, but I'm not buying it until the rubber hits the road.
 
  • #21
jreelawg said:
His speech was certainly on the positive note. He uses kind of a selective history and interpretation of it in efforts to be a good speech giver and to inspire people.
Care to give any specific examples from the speech that struck you that way?
... I'm still waiting for Obama to be a little more realistic and down to earth.
How so?
But, who knows, maybe he will just plain inspire us into a better county. I hope he is successful, but I'm not buying it until the rubber hits the road.
Inspire us? He's placed responsibility on citizens; not to wait around for inspiration or to depend on the President to be successful.

44 said:
For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter's courage to storm a stairway filled with smoke, but also a parent's willingness to nurture a child, that finally decides our fate.

Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends — hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism — these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility — a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.

This is the price and the promise of citizenship.
 
  • #22
mheslep said:
Care to give any specific examples from the speech that struck you that way?
How so?Inspire us? He's placed responsibility on citizens; not to wait around for inspiration or to depend on the President to be successful.

I could mention all the same aspects and historical events he mentioned and make it sound like a hate speech if I wanted.

For example, he could have said. This is a country founded by greedy killers who ravaged the land, decimated the Natives resources and killed off or forced them into camps. Then they went on to build a lush empire out of slave labor. Recently going on to seek control over world politics out of the interest of enriching corporations. Now we are left with a crippled economy, the result of years of greed and corruption which has become stronger than ever.

Instead he puts a positive twist on it. The slaves endured the whip so that we could have a better life. Or, the slaves endured the whip to not get hanged. Obviously he isn't trying to inspire hate, and that is good. By down to Earth I mean, to be a little more in the middle, and to include the negative with the good light.
 
  • #23
jreelawg said:
...For example, he could have said. This is a country founded by greedy killers who ravaged the land, decimated the Natives resources and killed off or forced them into camps. Then they went on to build a lush empire out of slave labor. Recently going on to seek control over world politics out of the interest of enriching corporations. Now we are left with a crippled economy, the result of years of greed and corruption which has become stronger than ever.
That's not just another take, as a general history it is by and large not true. American natives were mostly killed by disease not Euros; most of the US 19th-20th century wealth came from industrialization, invention and rampant productivity gains, not southern agrarian slave economies, etc.

Instead he puts a positive twist on it. The slaves endured the whip so that we could have a better life. Or, the slaves endured the whip to not get hanged. Obviously he isn't trying to inspire hate, and that is good. By down to Earth I mean, to be a little more in the middle, and to include the negative with the good light.
I don't see it as a positive twist. These things all happened, terrible and grand, the speech mentions both, but the US is here because as a whole those who went before did not quit. The speech emphasizes: what are actions are we to take now, going forward, given that we have inherited this country?
 
  • #24
jreelawg said:
I could mention all the same aspects and historical events he mentioned and make it sound like a hate speech if I wanted.

For example, he could have said. This is a country founded by greedy killers who ravaged the land, decimated the Natives resources and killed off or forced them into camps. Then they went on to build a lush empire out of slave labor. Recently going on to seek control over world politics out of the interest of enriching corporations. Now we are left with a crippled economy, the result of years of greed and corruption which has become stronger than ever.

I'm starting to feel as though I have gone a bit far from my original feeling to try and explain it. I don't have that view of the country, that just represents what a completely negative speech would sound like. I was using it as a way to make a contrast between shedding positive light on something vs. negative light.

Also, I don't mean to badmouth his choice of words or tone. What else would be appropriate. I think the speech was brilliant, and made a lot of people feel good. I just have a hard time with things that sound to good to be true. He strings together words of inspiration and hope, and makes people believe anything is possible. Maybe that is a good thing to have people believe. I'm siting wondering if people have gotten so caught up in the moment, including Obama, and have forgotten a little bit about how hard it is to take on these issues. It isn't easy going up against the health care industry, it isn't easy going up against big banks. It isn't easy going up against military officials and generals, it isn't easy going up against intelligence agencies. To me Obamas promises still represent the near impossible, and I refuse to believe in talk and hype until it happens. I'll grant that with so many democrats in the senate and in congress, he will have an advantage in accomplishing things. But corporate infiltration of our government is bipartisan. To accept that Obama will be successful requires the acceptance that congress change it's ways, or that somehow corrupt members of both parties get weeded out somehow. It hasn't been the case that it is easy to deal with the problem. The problem is people in government who have dual loyalty. People who put corporate interests before national interests, they are the true cause of these issues. If Obama is to be successful, I expect to see many people go to jail, and many people to be indicted.
 
  • #25
jreelawg said:
His speech was certainly on the positive note. He uses kind of a selective history and interpretation of it in efforts to be a good speech giver and to inspire people. I'm not saying it is a bad thing. Someone once taught me that every person, can be viewed in two lights. In one light they will be offensive and in another they will be respectable and inspiring. They told me that it is best for a person to choose to view others in the light which is least hurtful to yourself. This is how Obama would have us view America. I'm not sure I like this idea though, because as long as you keep exposing only the positive light, the longer the negative light can go un-noticed and not dealt with. I'm still waiting for Obama to be a little more realistic and down to earth. But, who knows, maybe he will just plain inspire us into a better county. I hope he is successful, but I'm not buying it until the rubber hits the road.

I'm not sure what you mean. He didn't go out of his way to encourage a positive view of the last several years:

"We will restore science to its rightful place..." - Who removed it from its rightful place?

"As for our common defense, we reject as false the choice between our safety and our ideals." - Who provided the false choice?

"Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. " - And in our generation (or at least in the last few years), we forgot that?

"It is the kindness to take in a stranger when the levees break..." - A reminder of how people survived in spite of a botched disaster response.

You could probably find a few other passages in there if you were intent on finding more, but those were pretty blatant reminders of the Bush administration's shortcomings.

(By the way, the Berlin Wall and the Soviet Union fell only around 20 years ago. Am I already an earlier generation? :frown:)
 
  • #26
He's gone even further today in demanding higher ethics with respect to lobbying and what I think may be being overlooked, instructing all departments to approach FOIA requests with the idea of whether there is any reason information cannot be released as opposed to is there any reason it can remain secret.

This hits right at the core of the churlish Cheney's attempts to conceal his machinations.

Jon Stewart opined on The Daily Show that Cheney hurt his back trying to move his man-safe that he hid all his paperwork in.
 
  • #27
LowlyPion said:
instructing all departments to approach FOIA requests with the idea of whether there is any reason information cannot be released as opposed to is there any reason it can remain secret.

This hits right at the core of the churlish Cheney's attempts to conceal his machinations.
It hits right at the core of every bit of government procedure since the beginning of history,
and probably before - Ug can't tell you where he found flint - for reasons of cave security!
 
  • #28
jreelawg said:
...If Obama is to be successful, I expect to see many people go to jail, and many people to be indicted.
Is that really your main criterion? The economy could get much worse, Iran could get nuclear weapons, energy might become drastically short, but as long as many people go to jail the country is successful?
 
  • #29
mheslep said:
Is that really your main criterion? The economy could get much worse, Iran could get nuclear weapons, energy might become drastically short, but as long as many people go to jail the country is successful?

Certainly that wouldn't solve the problems you list, but surely you see that there would be some comfort in knowing that the sanctimonious hypocrites that misled the country and the world through deceit and unregulated self interest would have gotten on Earth a foretaste of their deserved eternal fates.
 
  • #30
The economy could get much worse, ... but as long as many people go to jail the country is successful?
You don't think teaching Wall St that running a $Bn scam should carry at least the same penalty as stealing cable, won't improve the economy?
It will hopefuly persuade savers and investors that putting their money into American companies is slightly safer than giving to Nigerian scammers.
 
  • #31
LowlyPion said:
Certainly that wouldn't solve the problems you list, but surely you see that there would be some comfort in knowing that the sanctimonious hypocrites that misled the country and the world through deceit and unregulated self interest would have gotten on Earth a foretaste of their deserved eternal fates.
No I don't see. Apparently neither does the current President. Does that make him a collaborator?
 
  • #32
mgb_phys said:
You don't think teaching Wall St that running a $Bn scam should carry at least the same penalty as stealing cable, won't improve the economy?
It will hopefully persuade savers and investors that putting their money into American companies is slightly safer than giving to Nigerian scammers.
No. Unless you mean Madoff, who'll be thrown under the jail for specific crimes, no, I reject the notion that government should some inflict some vague criminal penalties based on another vague notion that Wall St. did ... something. Specifics?
 
  • #33
I think if you are an accountancy firm who signs off on fraudulent accounts in return for a commision on a M+A.
Or if you are rating agency and you give a AAA to firms owned by the customer that pays you the most.
Or if you are an investment bank that lies about the amount of debt exposure it has so that the share price rises and people invest their pensions with you.

- Then yes, I think you should get something more than a million $ severance bonus and a promise of a few non-executive directorships when things pick up.

Why do we prosecute drunken drivers that didn't crash, why have health inspectors in restaurants, why don't we let power stations run their own safety audits?
Because we need people to have faith in the system.
 
  • #34
mgb_phys said:
I think if you are an accountancy firm who signs off on fraudulent accounts in return for a commision on a M+A.
Yes, and people do go to jail for that. Where are people getting a pass at the moment on such behavior?
Or if you are rating agency and you give a AAA to firms owned by the customer that pays you the most.
Let me point out that these NRSRO firms (Moodies,etc) are essentially ivory tower creations of government law and regulations. If someone floats a bond, for it to be bought and sold one must by law go to one of these government named agencies for a stamp.
http://www.sec.gov/news/studies/credratingreport0103.pdf
Or if you are an investment bank that lies about the amount of debt exposure it has so that the share price rises and people invest their pensions with you.
Part of the problem was people were mistaken in the risk assessed with that kind of debt, mortgage backed securities, an instrument invented by? Fannie & Freddie. Plenty of people have been charged by the SEC for making fraudulent statements about their books. Do you know of someone specifically getting a pass? If so, sure, indict them.

But where is the call here to investigate Sen. Dodd (sweetheart house deal) and Rep. Frank? Where's call to limit the $20 million for a staring role for the next hack hollywood movie?
...Why do we prosecute drunken drivers that didn't crash, why have health inspectors in restaurants, why don't we let power stations run their own safety audits?
Because we need people to have faith in the system.
That's a different subject - regulation. Yes we need regulation. Some regulation. I do not believe that regulation confers faith on its face.
 
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1. What is the main theme of Obama's Inaugural Address?

The main theme of Obama's Inaugural Address was unity and hope for the future. He emphasized the importance of coming together as a nation to address the challenges facing the country and to work towards a better future for all.

2. How did Obama use rhetoric in his speech?

Obama used rhetoric to inspire and motivate his audience. He used powerful and emotive language to convey his message and to connect with the American people. He also used repetition and parallelism to emphasize his key points and create a sense of unity and inclusivity.

3. What were some of the key issues addressed in Obama's Inaugural Address?

Some of the key issues addressed in Obama's Inaugural Address were the economy, healthcare, climate change, and foreign policy. He also spoke about the need for unity and equality, and the importance of upholding American values and democracy.

4. How did Obama's Inaugural Address reflect his personal background and beliefs?

Obama's Inaugural Address reflected his personal background and beliefs in several ways. He spoke about his own experiences as a child of a single mother, and how it shaped his beliefs about the American dream and the importance of equal opportunities for all. He also emphasized the need for empathy and understanding towards those who may be different from us.

5. What impact did Obama's Inaugural Address have on the country?

Obama's Inaugural Address had a significant impact on the country, as it set the tone for his presidency and laid out his vision for the future. It inspired hope and optimism in many Americans, and sparked important conversations about the issues facing the nation. It also served as a call to action for citizens to come together and work towards a better future for all.

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