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Article: Obama: Wall Street bailout must protect Main Street.(News)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- September 24, 2008
CopyrightCOPYRIGHT 2008 Paddock Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Associated Press
CLEARWATER, Fla. Democrat Barack Obama said Tuesday any plan to rescue Wall Street from its financial woes must ensure that taxpayers are reimbursed and corporate executives are not further enriched for mismanagement.
The Democratic presidential candidate challenged President Bush to cooperate on a rescue plan embodying those principles and drop what Obama characterized as Bushs "my way or the highway" attitude toward the proposed $700 billion bailout. "The presidents stubborn inflexibility is both unacceptable and disturbingly familiar," he said.
The Illinois senator added his proposed middle-class tax cuts remain ...