Politics & Government

Obama, on Fla. visit, offers stipulations for bailout

Barack Obama on Wednesday outlined conditions Washington lawmakers should follow before accepting a $700 billion bailout of Wall Street. During a campaign stop, the presidential hopeful said it is unacceptable to expect Americans to hand over that amount of money without stipulations.

He suggested putting in place an independent board of Democrats and Republicans that would oversee the bailout, and treating taxpayers as investors; he thinks they should get their portions of the bailout back once the economy rebounds.

Barack Obama on Wednesday outlined conditions Washington lawmakers should follow before accepting a $700 billion bailout of Wall Street.

During a campaign stop, the presidential hopeful said it is unacceptable to expect Americans to hand over that amount of money without stipulations.

He suggested putting in place an independent board of Democrats and Republicans that would oversee the bailout, and treating taxpayers as investors; he thinks they should get their portions of the bailout back once the economy rebounds.

Read the complete story at bradenton.com

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