September 14, 2009

Obama says No More Bailouts

POLITICS - President Barack Obama sternly warned Wall Street today that there will no more bailouts. The bailouts were George W. Bush's idea and there will be no bailouts under Obama's administration. Especially when Wall Street has gone back to its old tricks of paying huge pay-cheques to corrupt CEOs and executives.

Obama meanwhile stressed that it was his $787 billion stimulus package which pulled the the United States back from the brink of a second Great Depression.

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