Obama Talks Bailout with Bush
Jul 31, 2020255 Shares127.3K Views
Reno, Nev. - Sen. Barack Obama spoke with President George W. Bush this morning about the proposed bailout plan, in advance of a university rally here.
The Democratic nominee spoke with the president “about the need to push for a package that Congress can agree on,” Obama spokesman Robert Gibbs told the traveling press corps. “Sen. Obama specifically brought up his proposal to increase the amount of money that is federally insured in order to more fully protect small businesses and families concerned about their savings,” he added, “believing that such a proposal can broaden the coalition supporting the package.”
There was no word, of course, on Bush’s side of the conversation.
While Obama is not shifting any campaign events in response to the failed bailout vote, his aides arranged a trio of taped interviews with the TV networks after today’s rally. Obama will take questions from ABC, NBC and CBS on what comes next for the bailout plan.
“While the decline of the stock market is devastating,” Obama is planning to say at today’s rally, according to prepared remarks, “the consequences of the credit crisis that caused it will be even worse if we do not act — and act immediately.”
Unlike his rival, Obama thinks he can be most effective galvanizing support for that immediate action by taking his message to the public — through events and national media appearances — rather than whipping votes in Washington.
Hajra Shannon
Reviewer
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