Democratic presidential candidate Barack Obama said Tuesday the government should extend the federal deposit insurance limit from $100,000 to $250,000 to help small businesses as part of a revamped economic rescue plan he called essential to averting a catastrophe.
Key quote: "News that the bailout plan was rejected broke moments before Obama was expected to speak at Mountain Range High School."
Key quote; "The tumultuous American presidential race faced increasing turmoil Monday as the House of Representatives voted down the $700 billion measure to rescue the failing American financial system."
Key quote: "Obama, debating Senator John McCain, the Republican candidate for president, listed broadband rollout to rural areas as one of his top priorities that he wouldn't cut when asked about U.S. government budget constraints. "
Key quote: "For Obama, this disastrous news is a huge opportunity--a chance not only to be heard addressing an issue that matters, but also to pivot away from a losing message to one that could actually win him the election."
Key quote: "I certainly don't fault Senator McCain for these problems, but I do fault the economic philosophy he subscribes to," said Obama, an Illinois senator."
Key quote: "Anyone partial to free markets, restrained government, fiscal discipline and light taxation approaches a Democratic nominee's economic platform with trepidation, expecting one fright after another. Obama does not disappoint."
Key Quote: "As Barack Obama prepares to accept the Democratic nomination this week, it is clear that the economic policies of the next president are going to be hugely important."
Key quote: "Barack Obama is shaking his head. 'No, no, no, no, no.' His slim figure had been bent forward in a folding chair (prime position to radiate outsized charm).
But my question - does he consider corporate America a destructive force? - prompts him to bolt upright to a more defensive pose. It's a purposely provocative query, but a fair one: When Obama talks about business, it's usually to complain about corporate tax breaks or trade deals or jobs shipped overseas. High-paid CEOs are the familiar villains in his stump speeches, including the one he has just given on this Raleigh fairground."
Key quote: "The latest unemployment figures show the nation is "sliding into recession," Democrat Barack Obama said Friday, as he argued he has been the most aggressive presidential candidate in seeking remedies."
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