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Obama set to unveil economic rescue plan September 19, 2008

Posted by trouble97018 in Economy, News, Obama, Politics.

The Independent

By David Usborne
Friday, 19 September 2008

As the first early voting in the American presidential election was getting under way, Barack Obama today attempted to seize all possible advantage from the crisis on Wall Street announcing the approach he would take to restore confidence in staggering financial markets.

Mr Obama, who is being hit for saturating the airwaves with negative advertising, outlined founding principles for addressing the crisis after huddling in Miami with a clutch of prominent economists, many former Bill Clinton aides, including Lawrence Summers and ex-Treasury Secretary Robert Rubin.

With the Bush administration unveiling its own blueprint for action to end the financial turmoil, the Obama presentation was little more than campaign posturing. It came, however, as both candidates sought to demonstrate that they would be best able to deal with a crisis of such great scope.  Source Article


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