Tuesday, February 10, 2009

Obama camp: Bailout not enough 1.5 trillion more needed.


According to the Treasury Department, the initial scale of the plan would be up to $500 billion, with the potential to expand up to $1 trillion.
Another part of the plan would greatly expand an effort to unclog credit markets that provide loans to consumers and businesses. Funding for this effort would see a huge increase -- from $20 billion up to $100 billion.


With just those two programs, Geithner outlined efforts that could total more than $1.5 trillion

http://www.foxnews.com/politics/first100days/2009/02/10/overhauled-financial-bailout-aims-ease-consumer-business-credit-crunch/


Our deficit now is 1 trillion with bailout it is 2.3 trillion and now Obama needs 1.5 trillion more from China.
Write your Rep. They are all up for re-election in 2 years.


You can't spend yourself out of debt.
Specter is voting for this maddness. Tell me who can defeat him in the primary?