Sunday, September 21, 2008

5 days to first debate, Obama climbs in polls

5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press - September 20, 2008

WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.

The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.

After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.

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5 days to first debate, Obama climbs in polls

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