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Obama pitches plan to amend bailout bill By Klaus Marre Posted: 09/30/08 10:26 AM [ET] Democratic presidential nominee Sen. Barack Obama (Ill.) on Tuesday proposed to increase the bank deposit insurance limit Beer Charm, hoping that the move could help get a Wall Street bailout passed.
“Continued inaction in the face of the gathering storm in our financial markets would be catastrophic for our economy and our families Green Butterfly Charm,” Obama stated Links of London 3D K Charm, urging continued bipartisanship to get the measure passed.
The Illinois senator said the bailout measure rejected in the House on Monday was a “marked improvement” over Treasury Secretary Henry Paulson’s original proposal.
“Given the progress we have made Buy Charm Bracelets, I believe we are unlikely to succeed if we start from scratch or reopen negotiations about the core elements of the agreement Links of London Charm Necklace,” Obama said. “But in order to pass this plan Links Clock Charm, we must do more.”
He proposed to expand the federal deposit insurance as a way to help small businesses, saying that the current limit of $100 Sweetie Chain Necklace with One Dolphin and One,000 is “insufficient” for many of them.
Obama believes the limit should be raised to $250 Links of London Charm,000, saying this would be “a step that would boost small businesses Links of London, make our banking system more secure and help restore public confidence in our financial system.
“I will be talking to leaders and members of Congress later today to offer this idea and urge them to act without delay to pass a rescue plan 3D N Charm,” Obama stated.