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
In this episode
3 storiesObama Takes His Stimulus Pitch to Florida
Yesterday, to push for the stimulus package, President Obama went to Elkhart , Indiana, where unemployment is 15%. Today, he was in Fort Myers, Florida, where the recession has foreclosures skyrocketing. He lauded Republican Governor Charlie Chris t for crossing party lines to help push through the legislation.
Read the story6 minTreasury Secretary Unveils Financial Bailout, Obama-style
Treasury Secretary Tim Geithner's speech on economic recovery was delayed for a day so President Obama could build support for the stimulus plan. Today, Geithner got what Obama promised would be his “day in the sun.”
Read the story36 minDOJ Follows Bush Lead, Invokes ‘State Secrets’ in Rendition Case
Candidate Barack Obama harshly criticized the Bush Administration's treatment of detainees in the so-called War on Terror and has ordered the closing of Guantánamo Bay.
Read the story7 min
