October 3, 2008
WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.
http://www.nytimes.com/2008/10/04/business/economy/04bailout.html?pagewanted=all&_r=0
Yea Obama was following Bush's plan, but who made it necessary to have to bail out the economy in 2008 in the first place? Hint, it wasn't Obama.
You really shouldn't bitch about Obama's donors when the same organizations also back the radical right.
Republican donors..
Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Deloitte LLP $614,874
Kirkland & Ellis $520,541
Citigroup Inc $511,199
PricewaterhouseCoopers $459,400
UBS AG $453,540
Barclays $446,000
Ernst & Young $390,992
HIG Capital $382,904
Blackstone Group $366,525
General Electric $332,875
EMC Corp $320,679
Bain Capital $285,970
Elliott Management $281,675
Rothman Institute $259,500
And then there's Sheldon Adelson and his wife trying to buy their way into right wing royalty... notice how republicons go to Vegas and genuflect.
Adelson has achieved the status of a feudal lord in the Republican Party by pumping a reported
$150 million into super PACs and "dark money" nonprofits to help GOP candidates up and down the ticket. He came to Washington on Tuesday to meet with top Republican lawmakers. Future GOP presidential hopefuls, in turn, have traveled to Adelson's Venetian casino in Las Vegas to meet with their party's biggest mega-donor...
Forbes has confirmed that billionaire Sheldon Adelson, along with his wife Miriam, has donated $10 million to the leading Super PAC supporting presumptive Republican presidential nominee Mitt Romney–and that’s just the tip of the iceberg. A well-placed source in the Adelson camp with direct knowledge of the casino billionaire’s thinking says that further donations will be “limitless.”
http://www.forbes.com/sites/stevenb...y-donations-will-be-limitless-could-top-100m/