To the Point
Can Obama's Bailout Succeed Where Bush's Failed?
George W. Bush spent $350 billion to rescue financial institutions. Barack Obama wants $1.5 trillion. We hear how Treasury Secretary Tim Geithner describes the program and the promise of accountability and transparency. Also, the President takes his stimulus pitch to Florida and, just like Bush, Obama invokes state secrets in a case of extraordinary rendition.
By Warren Olney • • 1h 0m ListenGeorge W. Bush spent $350 billion to rescue financial institutions. Barack Obama wants $1.5 trillion. We hear how Treasury Secretary Tim Geithner describes the program and the promise of accountability and transparency. Also, the President takes his stimulus pitch to Florida, and Obama Administration lawyers surprise federal judges by making no change from the Bush Administration on "extraordinary rendition.”
Banner image: Treasury Secretary Timothy Geithner announces details of a financial stability plan at the US Treasury Building in Washington, DC. Photo: Win McNamee/Getty Images
