Politico.com says America's second president also wants to bail out foreign banks lending here

America's incoming second president -- U.S. Treasury Secretary Henry Paulson -- wants to bail out foreign banks lending in the United States.

Wow.

"President" Paulson believes the American people will accept this expansion of the $700 billion bailout plan. I don't think so. Why can't the governments where these banks are based help their own institutions with billions?

The American people are being led down a road to ruin for an entire generation. And as it stands now, Sen. Barack Obama favors this kind of bailout and Sen. John McCain opposes it. Obama leads McCain by six points in the latest Gallup tracking poll, a dramatic shift from the previous week.

But once the American people learn more about what Pauslon wants and Congress is acquiescing to, that lead will vanish. And Friday's first presidential debate may cost Obama dearly.

Read more here:

http://www.politico.com/news/stories/0908/13690.html