Sunday, October 26, 2008

27. Larry Pressler

Larry Pressler, former Republican senator from South Dakota, was the first Vietnam veteran to serve in the United States Senate. Pressler, who said that in addition to casting an absentee ballot for Obama he'd donated $500 to the Illinois senator's campaign, cited the Democrat's response to the financial crisis as the primary reason for his decision to endorse him.
"We [the Republican party] have to be a moderate party. We can't be for all these foreign military adventures. We have to stop spending so much money. My God, the deficit is so high! The Republican Party I knew in the 1970s is just all gone.

I just got the feeling that Obama will be able to handle this financial crisis better, and I like his financial team of [former Treasury Secretary Robert] Rubin and [former Federal Reserve Chairman Paul] Volcker better. [John McCain's] handling of the financial crisis made me feel nervous. I don't think [McCain] will take action [to place restraints on executive pay] or he's as likely to."