Tuesday, October 07, 2008

Obama makes me scratch my head

Obama thinks Bush should move swiftly to address the financial crisis. Ummm.... what was the bailout, the addresses on TV, etc? The bailout was to restore confidence by buying the troubled assets that were causing a lack of confidence. We can debate the merits of the plan, but you urge Bush to do something when he has been.


ASHEVILLE, North Carolina (Reuters) - Democratic presidential candidate Barack Obama on Monday urged the Bush administration to move swiftly to address the financial crisis, saying contagion was spreading.

"Not only are we seeing the stock market go down but there is still a great danger of the credit markets locking up and we've seen that contagion is spreading to all parts of the globe," Obama told reporters in Asheville, where he is preparing for Tuesday's debate against Republican John McCain, his rival in the November 4 election.

"It is very important for (Treasury) Secretary (Henry) Paulson and Federal Reserve Bank Chairman (Ben) Bernanke to move swiftly and try to restore confidence as quickly as possible," Obama said.

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