Thursday, September 18, 2008

Want a difference in the presidential candidates? Try the federal bailouts of Wall Street fat cats

Sen. Barack Obama says he fully supports the federal government's big bailout plan to spend $1 trillion to rescue Wall Street fat cats and investors.

Sen. John McCain opposes the $1 trillion bailout and wants the SEC chairman fired and a new monitoring department created within the U.S. Department of the Treasury to prevent future crises.

This issue will decide the long-term future of the economy at least through the year 2009. A middle ground of just giving the trillion dollars to the American people in need should be explored by both candidates. But no one in the campaigns or on Capitol Hill is talking about such a logical step.

Here is why Obama supports the bailouts:

1 comment:

Anonymous said...

Give the trillion dollars to Americans that are hurting? Seems that's what it's all about;give me, give me, give me. The U.S. government owes you nothing. Get over it and move on.