September 30, 2008

Barack rallies Americans for bailout

     Perhaps having read my post yesterday here (?), Obama, as we see today, courtesy of Breitbart/AP, calls on Americans to support rescue plan,

     …Obama told a crowd at the University of Nevada at Reno on Tuesday that if Wall Street fails, ordinary people will be hurt, too.
     The Illinois Democrat warned that if Congress doesn’t take action, people will find it tougher to get a mortgage for a home, a loan for college or a loan to buy a car.
     Obama is proposing that the limit on federal deposit insurance for bank accounts be raised from $100,000 to $250,000. Increasing that limit, he says, would help small-business owners and reassure nervous Americans as well as help shore up the economy.

     Well, it’s not an entirely new plan, maybe, but at least he’s adding the insurance issue. In any case, the perception of leadership is probably not going to hurt his image.

Filed under: Uncategorized | Posted by: at 6:26 pm |

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