Obama Promises Bipartisan Work on Federal Bailout

ImageIn response to being invited to the White House for a bipartisan meeting on Thursday with President Bush, the presidential campaign of Barack Obama put out a statement promising to do whatever is necessary in order to come up with a final solution to the crisis.

Obama/Biden spokesman Bill Burton said, “A few moments ago, President Bush called Senator Obama and asked him to attend a meeting in Washington tomorrow, which he agreed to do. Senator Obama has been working all week with leaders in Congress, Secretary Paulsen, and Chairman Bernanke to improve this proposal, and he has said that he will continue to work in a bipartisan spirit and do whatever is necessary to come up with a final solution.”

Burton also repeated Obama’s belief that the presidential debate should be held on Friday night, He strongly believes the debate should go forward on Friday so that the American people can hear from their next President about how he will lead America forward at this defining moment for our country.” Besides the fact that it looks like McCain’s stunt of trying to get the debate rescheduled so that he looks like a leader has failed, this meeting tomorrow at the White House is designed to sway disgruntled members on both sides of the aisle in Congress who are unwilling to support the plan.

I have a background in public policy, and I am not sure if this bailout will work. The truth is that nobody is sure, but doing nothing is not an option. The only thing that is certain is that doing nothing is certain to make things worse. I think the actions of the two campaigns really say a great deal about the two candidates. Obama is interested in finding a solution, while McCain is trying to find an angle that he can use to stabilize his freefalling presidential campaign.

3 Replies to “Obama Promises Bipartisan Work on Federal Bailout”

  1. This bill is bad, bad, bad, bad, bad, bad, really freakin’ bad news for so many different reasons. It’s almost like trying to remove a knife stuck in your hand by pulling on the blade to pull the handle through the wound.

  2. let them fail ,they got there selves into this mess.why should the feds bail them out.so every person and small bussiness should ask the feds to bail them out then.familys would not be losing homes companys would not close.see what greed does.if they do bail them out they should give the money back to the people,we are the ones that are going to payfor it any way,so when it syarts making a profit give the money back to us.the feds have to audit there books ,no golden parachutes ,one gold watch out the door and thank you very much for your service no stocks limo stays no use of corporatr jet.frezze the ceo assets .and then legaly take it back for payment.so uncle sam i need you to bail me out ,need500,000 to to pay all debts off and have alittle left to buy gas and food for family .that is a small sum.not 1 trillion dollars,you can afford mine

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