The Mudcat Café TM
Thread #116323   Message #2501435
Posted By: Q (Frank Staplin)
25-Nov-08 - 02:43 PM
Thread Name: BS: Bail ***THIS*** Out!!!....
Subject: RE: BS: Bail ***THIS*** Out!!!....
Obama and Bush are working closely on bail-out plans, a hopeful sign. Democratic leaders are calling for $500 billion more incentives, and hope to have the bill ready for Obama to sign on his first day in office.
Obama is supporting the plan for Citigroup. And another $700 billion seems to have been approved today for the general emergency.

See article in NY Times today, ""Obama and Bush Working to Calm Volatile Market," Jeff Jeleny, Nov. 24.

http://www.nytimes.com/2008/11/25/us/politics/25obama.html?th&emc=th

Well, it may have the benefit of cutting the operations in the Middle East.
The economic problems are world-wide; U. S. actions must be supplemented by those of other major powers.