subscribe button


Obama Votes Present on AIG Bailout

Jack Tapper has a piece today.
Does Obama Support the AIG Bailout?

September 17, 2008 11:17 AM

Sen. Barack Obama, D-Ill., this morning released a statement about the U.S. government's rescue of AIG.
Read an analysis of Obama's statement by Dean Barnett
In dilating endlessly on the AIG bailout, Barack Obama declined to say whether or not he supported it. He did, however, condemn the bailout as sadly reflective on John McCain. But again, he didn’t deign to say whether or not he thought the bailout was a good thing. How depressing! If ever we needed someone with magnificent judgment, it’s now.

~Obama's statement~

There’s a staggering amount of Obamian economic ignorance on display here.

Obama also seems to have no grasp of why the AIG bailout was necessary.
This is a must read analysis that helped me understand why the government bailed out AIG.