Posted on 09/30/2008 7:37:11 AM PDT by jessduntno
Obama pitches plan to amend bailout bill By Klaus Marre Posted: 09/30/08 10:26 AM [ET] Democratic presidential nominee Sen. Barack Obama (Ill.) on Tuesday proposed to increase the bank deposit insurance limit, hoping that the move could help get a Wall Street bailout passed.
“Continued inaction in the face of the gathering storm in our financial markets would be catastrophic for our economy and our families,” Obama stated, urging continued bipartisanship to get the measure passed.
The Illinois senator said the bailout measure rejected in the House on Monday was a “marked improvement” over Treasury Secretary Henry Paulson’s original proposal.
“Given the progress we have made, I believe we are unlikely to succeed if we start from scratch or reopen negotiations about the core elements of the agreement,” Obama said. “But in order to pass this plan, we must do more.”
He proposed to expand the federal deposit insurance as a way to help small businesses, saying that the current limit of $100,000 is “insufficient” for many of them.
Obama believes the limit should be raised to $250,000, saying this would be “a step that would boost small businesses, make our banking system more secure and help restore public confidence in our financial system."
“I will be talking to leaders and members of Congress later today to offer this idea and urge them to act without delay to pass a rescue plan,” Obama stated.
This punk, this empty suit, continues to cast the impression he’s alrady President.
It’s wearing thin.
Oh brother...this guy fainally strolls in stating the obvious. A little bluster and an inflection just right but it’s still the obvious.
And he benefits this nightmare???
Why are people so stupid. Why? Why? Why??
Here comes another PORK WAGON,watch the Demos jump on.
Be patient.
McCain also should get on top of Gingrich’s proposal about the mark to market accounting change which would bring in billions immediately. This would relate directly to his debate comment about “if you don’t care who gets credit.”
Oh brother...this guy finally strolls in stating the obvious. A little bluster here and there, an inflection just right,... but it’s still the obvious.
And he benefits ???
Why are people so stupid. Why? Why? Why??
Newt should just SHUT UP!
{Fat chance!!}
Hard to believe there are millions of Americans in states like Virgina and Ohio willing to vote for this guy. He'll never be my president. If he gets elected, I may go live in P.R. for 4 years until his one term blows over.
“McCain will seize this issue.”
Did you watch the morning shows? McCain openly embraced the bailout that House Republicans rejected. If that’s what you mean by “seizing” the issue, he seized it all right.
In similar fashion, I suggest that Obama print up millions of bracelets in support of his current effort -- that way, his supporters can all say "I have a bracelet, too!"
Right. I think BO jumped the shark with this worthless suggestion. Check the air pressure in your tires. Raise the insured level.
The bill defeated yesterday was MUCH better that the POS McCain singlehandedly stopped Thursday.
This issue must still be resolved.
And McCain will do so.
EXACTLY!!!!!!!!!................I been saying this but, who the heck listens to me?............
BO is vulnerable with this vacant suggestion. I could see an ad with a sinking ship, and Obama offering insurance forms to everyone as they rush to their life boats.
Day late and a Trillion dollars short there Obi one!!!
quit with the MOnday Morning Quarterbacking!!!
Day late and a Trillion dollars short there Obi one!!!
quit with the MOnday Morning Quarterbacking!!!
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