So taxpayers are now going to bail out rich people with $250,000 in cash laying around in various bank accounts!? But.., but I thought rich people where going to give me money? Even thought I don't pay any taxes..

The problem is with teh financial institutions that hold the now valueless mortgage backed securities. Raising the depositor insurance levels won't fix this problem, it doesn't even address teh problem. Are any of you Obamaniacs even listening ot what's going on?

Obama's idea is a step in the right direction expanding the amount banks will insure would help a great deal.

Once again Obama has had remained calm in the face of a crisis and out forth solid ideas to help alleviate our nations economic crisis.

Once again John McCain has done nothing but finger point, jump from one side to the other, depending on what position is popular at that moment and act like an utter fool.

The more I see John McCain the more I like Barak Obama.

Yeah, where's that old maverick? I know, I know! The Geezer's off coaching the Gidget.

OBAMA/BIDEN '08

Raising the limit to $250 is a stretch across the aisle to the Repubs to get those 12 extra votes. You're right, most "average" people don't have to worry about saving over $100K, but the repub's constituents often do. That's called leadership.

I think it's a decent comprimise. You get more people willing to "invest" in banks (through saving), which would strengthen thier lending power, which would free up more money for small businesses, home-car-student loans, etc.

Not a bad idea in my novice finacial opinion. I think it's better than recinding the bancruptcy provision for individuals, which may open the panic floodgates right now in these tense times. Save that battle for healthier times.

Obama is the only one of them all that is making sense at this point. He seems to be the only person looking out for us regular people, that's for sure.

This deal would have been done and 1.2 trillion dollars would have been saved if McCain didn't ride into Washington and screw it all up. I swear he remids me more and more of Bush every day.

This is no new idea of change..

Obama is always coming up with Ideas while Mccain and Republicans steal His ideas and try to take credit as they thought of it! Obama is ahead of his time he is right on most Positions even sarah Palin admitted we should strike Terrorist if we know they are in Pakistan

To the misinformed…one of the reasons for raising the limits on deposit insurance is to protect small businesses! As a married couple, John and Jane Doe may not have $250,000 in the bank. But as owners of a small business, they could very well have that. And then how about talking to the ordinary citizens who had more than $100,000 in Indy Mack. As what they think about the raising the insured deposits! Obama-Biden!!!

FDIC insurance is not paid for out of taxes. Banks pay it as a small percentage of the deposits they hold. That's why their rates are sometimes lower than non-FDIC-insured holdings. So, no tax increase here, maybe just a slightly lower rate of interest on your savings. But I guess the facts don't really make for good political fodder, so it is easier to just cry foul from the abyss of ignorance.

obama is a true mavrick…thats what America needs.

I agree with Dan ….Hillary Clinton should have been the nominee…she has been working with DEMS+REPS all of her political life…Can we recall Obama….Having a Clinton as our POTUS during this ECONOMIC FIASCO is what most AMERICANS want…we know the job will get done with everyone giving up some luxury…Give it up OBAMA ..sacrifIce your nomination for the good of the country……..Bill+Hillary will get our nation back on track……

Increasing FDIC insurance was proposed by several financial analysts yesterday on TV prior to Obama. I saw it personally. This wasn't Obama's idea although he is presenting it as such. Obama is a follower, not a leader.

This helps no one but the rich. If there is anyone who has more than $100K in an account they can already put the excess in another bank.

Obama Obama hes our man if he cant do it No one can

(and of course with the help of God!)

Obama/Biden

Sweetie –
You are delusional. OBAMA will win by a landslide.

See you in January Mr. President.

By the way, Obama plans on raising taxes on 5% of Americans, how is he going to do this…. take the cap off of FICA which is currently at around 96,500. Those making more thn this will pay taxes on their entire salary, Gee what a smart idea!

Obama change you can believe in.

Obama could sit on a hot stove and sweat ice water this man's so cool under pressure. Give'em Barack, you got my vote!

Jim Cramer on his Mad Money show presented the idea of raising the FDIC deposit limit from its current $100,000 to something higher on Friday, September 26, prior to either Obama or McCain announcing the same thing. This would allow the "somewhat" wealthy to feel comfortable leaving their deposits in their banks and the banks could use these deposits to lend money. While this doesn't fix all of the bad loans already in existence, it would allow credit to flow and the average person would benefit. I thought at the time this was a great idea and I'm happy both Obama and McCain are giving it publicity!

The only thing McCain has left is to rip Obama… His political ideology certainly isn't going to get him into the White House…

For those of you who still don't get it.. the bailout isn't what any politician wanted to have to deal with but the reality is that the market is crashing and something surely needs to be done before this country goes into a depression… I do agree however that the 21/2 oage plan from President Bush was feable but the bipartisan congress worked long and hard and made major changes to it… Now with Obama's proposal the people on Main street will get more help…

The bailout even without his proposal would have a trickle down effect anyway so it would have helped the people on main street as well however adding this additional provision would inject more help for the home market!!!

We need this bailout. We're all angry at the fact that it got so out of control that now the government must act but we are where we are and we have to take it from here!

Obama for President1

HA HA HA so he wants to raise FDIC to cover up to his definition of rich $250K. This is NOT LEADERSHIP. This throwing out a dumb idead that helps almost no one. If you have more that $100,000 in a checking or saving account than either you are very rich, or you've put all your eggs in one basket and need to spread the money across different banks so that no account is more than the limit. That is just good management regardless of what the limit is.

Don't be duped here to think this will help the economy. This is a lame attempt to show that he is coming up with something different than the expensive spending plan he has been pandering since he couldn't during the debates.

Hey Barack, does the term HUGH GOVERNMENT, sound like SOCIALISUM, thats your plan? Fact, founding fathers wanted Americans tobe FREE, not free ride. You talk alot and really just say I am a great self promoter, but not a true leader. My opinion is we split the pie i.e., a Repuk, President and a Demo Congress and either they work together on the art of Compromise, or We the People vote their sorry butts out of office period end of story.

2012

There he goes again. Preaching change and promising more of the same.

Well sounds good at least obama has Ideas wheres the old maverick oh thats right hes too busy blaming obama for this mess and protecting his vp from the mean media or hes trying to catch up to obama mccain is a joke!

Obama is smart and shadows of McCain in all subjects and aspects and has the confidence to agree with McCain when McCain says something true and right. This news station and others should be admonished for how you are always shouting what you want to publicize as faults of Obama but propergate McCain and nothing about all the wrong he has committed. CNN is the worst next to Fox.

And what will that cost?

I believe it is the Democrats who are playing politics with this issue. Pelosi knew her speech would have a negative effect. Obama and his campaign insisted that McCain stay out of Washington (Obama didn't think of going to Washington first). Obama, McCain, and Biden need to do their day job, go back to Washington and find a way to solve the problem.

obama tie maCcin to bush,dont waste time.
obama 2008.

This is a good idea if the babies in Washington can stop fighting and pointing fingers at each other. Everybody knows that whoever is in charge is responsible for what is going on at the time. The GOP don't want to take the blame, but it is clear that Bush has been president for the last eight years and during those last eight years, America's economy has gone from bad to worst. The rich has gotten richer and the rest of us has gotten screwed; without any lubrication!

END THE DRAMA, VOTE OBAMA!

First good idea I have heard coming from Obama. they need to raise it to $250,000 been $100,000 for years. Only thing that bothers me is Fannie Mae & Freddie mac is a big part of the problem and Obama was the 2nd largest receipent of funds from the lobbist of both these agency's. Sounds like they need to invesigate to see if he helped get us in this mess.

This shows that Obama is at least searching for some answer to save the country from going into recession/depression…..There is no easy solution that is perfect, however, something has to be done to at least try and correct a horrible situation in America. I would rather see the greedy Wall Street and Washington mis-representatives have to go it alone but that will not come close to helping Main Street.

The McCain/Palin ticket is frightening. Let's be real, what if Palin had to take over as President? CRISIS or possibly worse.

OBAMA/BIDEN 08

This life-long Democrat believes it is the Democrats who are playing politics with this issue. Pelosi knew her speech would have a negative effect. Obama and his campaign insisted that McCain stay out of Washington (Obama didn't think of going to Washington first). Obama, McCain, and Biden need to do their day job, go back to Washington and find a way to solve the problem.

OMG!
OBAMA HAS MORE WAYS TO SPEND OUR MONEY THAN NANCY PELOSI!
WHAT A LEADER?
WHAT A MAN?
WHAT AN ELITIST OUT OF TOUCH JERK!

McCain/Palin 2008

no bailout no bailout no bail out bail the rich out so they can travel abroard send their kids to college send their kids to private school in europe or private school here who careS about the rich getting richeR while we become poorer.NO THANKS NO THANKS MY CHILDREN NEED THEIR EDUCATION TOO. KEEP THE RICH WITH THEIR MONEY WHILE OUR CHILDREN CAN'T EVEN GET A LOAN TO PAY BACK IN THIRTY YEARS. NO THANKS SOMEONE CALLED BUSH AND TOLD HIM HIS FAMILY FORTUNE WAS GOING DOWN THE DRAIN THAT'S WHEN HE REALIZE WE NEED A BAILOUT. FOR HIS KIDS AND GRANDCHILDREN FUTURE. WHAT ABOUT THE POOR MANS FUTURE NO BAIL OUT NO BAILOUT

Even if you personally do not have 250K in the bank, this will be a major help to small business owners. It will give them increased confidence in their savings/business, leading them to at the least maintain their business at the current level and hopefully growing.

At the same time they will not feel the need to cut the jobs because of their uncertain savings.

Now thats a leader…….Says stay calm, does nothing and side steps the problem. You sheep are pathetic paid bloggers……News Flash Obama used the bathroom. Obama Sheep 'Now thats Presidential who else could use the bathroom in such a crisis"

To people who don't know how raising the FDIC limit from $100,000 to $250,000 would help them. It helps small business since not many individual have $250,000 in the bank. Small business is the heart of main street. It is a great idea from our next president. Now McCain is jumping on Barak's bandwagon. McCain does not have any original ideas, he steals from Obama. What a loser.

Thank you President Obama……we need someone right now who is cool and calm and not creating uneeded anxiety. Watch McCain handle this makes people want to pull all their money out their accounts and hide it under their mattress. McCain is a HORRIBLE leader while Obama is doing exactly what a President should be doing, stay calm and get things done.

I live 10 miles from a latte' and I can't haul my animals' hay or feed in a Prius, but I can still sense when NEITHER of these candidates has the real pulse of the economic situation. A large holder of bundled mortgages either failing or writing DOWN the value of their investment would be good discipline, not financial catastrophe.

And YES, a large holder might be YOUR 401K or your employer's pension fund. Why not ask the manager/s or your union leaders why they felt they had to "juice" up yields on portfolios by putting YOUR money in this stuff. Sorry, YOU gave them that discretion. Take it back, but don't reach into my pocket…its no fuller than yours.

Obama at his best – let's give more away. Where do you guys think all his giveaways is coming from? We don't deserve anything to be handed to us on his silver platter. We need to get over this "gimme" attitude and start anew. Americans are not special. Our government (which, seems many of you have forgotten – is me and you) does not owe us. We need to grow up and get over ourselves. Obama thinks he can promise the moon and the stars, and dreams are fantastic, but let's be real here. That's what grown-ups do, face reality. It ain't gonna happen! If you overextended yourself that's too bad. If we will live in dire conditions for a while that's ok. We will get through it.

Individual accounts are already insured to $100, 000. If you have more than $100, 000 just put it in different account. This is an example of more words that mean absolutely nothing. No more bs.. please

McCain ONCE AGAIN is stealing Obama's ideas. I am really starting to not like this man on a personal level.

This is funny, I believe I heard the Dem's nemosis Karl Rove explaine doing this last night but not so loosley as Senator Obama has. This is off subject but has been pointed out quite a few times. Why is it that Senator Obama has none of the common respect that Senator McCain does? When listening to these candidates please pay attention to the fact that Senator Obama does not even address Senator McCain as a senator, yet Senator McCain always has the respect to address Senator Obama as senator? I find this arrogant and lack of respect for position. Wether you agree with someone or not they have earned the right to be addressed correctly.

Sweetie,

You sound like a child. Cut off your nose to spite your face mentallity

This does help you even if you don't $250k in the bank. If you've got $1000 in the bank and let's face it, you nor I are the ones keeping the doors open–the raised limit helps calm the nerves of those who do keep it open, those that have a lot of money. If they don't make a run on the bank in the midst of this panick then the bank stands a much better chance of not failing.

It's about time we have a candidate with such innovate ideas that it make the opposition party jump on the bandwagon and agree like it was their idea in the first place. Now if we can only get the rest of Washington to go along…..Obama is the candidate we need in November

Go Senator Obama!! You have shown leadership, love of Country and a calmness that we all we need in a leader in times of turmoil!! Your truth is now upholding lots of people and you'll be rewarded on Nov. 4th. People can see through the truth and who can LEAD!!

That is funny I heard my republican congressman Steve Latourette propose the very same thing last night on a local radio station. Maybe Obama didn't come up with the idea. Sounds like he stole it from republicans in the house.

I love this guys, full of strategies and ideas.

Obama for President
McCain for Czar

ONE NATION

mccain should step down from the race along with palin there is no way he could win. He has erratic behavior which we all can clearly see,
his vp has no experience, his judgement is erratic, has no ideas and steals them from obama, tells stories about his military days and pow days who cares. what are you going to do for me mccain nothing.

you are a disgrace to america and the republican party

What needs to happen is an education on the funding limitation inside of FDIC. Most people do not understand how much of their money is protected. Trust me I work for a financial institution and we are constantly educating our members. Read your FDIC insured funds brochures. Take this grave opportunity to educate yourself so that you can be more informed.

Excellent idea. Senator Obama is a true leader. He always comes with excellent plans that are original. Watch McCain in the next few days when he will copy this idea but in a twisted way.

Obama/Biden '08

Obama=Socialism…

The ironny is that CNN Slams China for their way of governing, but then they endorse the candidate that will turn us into China.

Wake up people. Don't you hear tax and spend everytime Obama opens his mouth?

McCain/Palin 08

Finally, someone with some suggestion other than the McCain blame game (oh that's right, he said it's not the time for finger pointing — OOPS). John McCain is such a senile, old man, who picked Palin so he could watch her walk because he certainly didn't ask her any questions before picking her. Where's the mavericks' plan?

Look, it's entirely possible, right now, to have $250k in the bank and have it ALL insured as long as it's not in the SAME bank or account with the same registration. Distribution of funds keep them safe; it's not rocket science. Anyone with that amount of money should know this fact and if they don't then shame on them for not being interested in how to keep their accumulated wealth safe. This is redundant. The first question I couldn't help but ask myself was, "who has $250k in a single bank account?" Certainly not me or anyone I know for that matter. It may make some sense for small businesses who require a single account for business running purposes but for the individual…. I don't see the point or how this is helping anyone.

Actually, that's not his idea… Its the House Republicans idea and a good one..

raising the ceiling on what's insured in your bank account will give consumers confidents..

I would sleep better knowing all my money was backed

Good idea… ITS NOT OBAMA'S IDEA… Why don't you research before
you blog

President Obama is on the job!

that is a great idea

Excellent idea. Senator Obama is a true leader. He always comes with excellent plans that are original. Watch McCain in the next few days when he will copy this idea but in a twisted way.

Obama is putting ideas out there, at least. Where's McCain? Obama wants to solve this and make sure it doesn't happen again, but I haven't heard anything from McCain about doing more than putting a temporary patch on this leak, to use an analogy.

My friends, Barack Obama is the only sane choice in this election.

How would he pay for this? This is much worse than the bailout because it's direct cost to the government with no chance to make a profit at a later date. You are essentially spending money for banks who made bad decisions.

> Err…. Who has $250,000 to insure? Rich elitist like himself people!!??

Duh… small business owners and independent contractors. The reason why we are in this mess is because of nonsense thinking like yours. Try to understand that the world doesn't revolve around you and you may get it.

facts are facts September 30th, 2008 9:05 am ET

How long do you think it will be before McCain adopts this idea and claims it was his policy and Obama hasn't come up with any ideas to help the situation.
——————————————————————————————–
You're too late, Mr. McFullDepends has already mentioned it in his interview this morning with CNN without giving the credit that Obama was the one who proposed it first.

Well I am Glad they rejected the $700 Billion bailout crap!
The bill needs to be revised and not give one penny to greedy CEO'S who will only get a slap on the wrist and money in their fat pockets!!!

Obama as usual has a plan to help the AMERICAN people!!!!
We need his LEADERSHIP NOW MORE THEN EVER!!!!!!

OBAMA 2008

cnn POST

DUH!! Obama didn't come up with this idea!!! It has been discussed and I think there was an article in Newsweek maybe, I'll check. He must think none of us are paying attention to anyone but him!! This is pretty much a "now I can't vote for him" moment. I have been overlooking all the little things, changing his mind, always saying "Ive always said" this is too much. This was not a new or even close to his idea. I think McCain or one of the republicans mentioned it before today!! THe truth is the truth!

Real leadership…what a great change for our country!

By the way, did anyone see the Couric McCain/Palin interview on CBS? Disgraceful and SEXIST how McCain felt the need to swoop in and rescue the damsel in distress, accusing Couric of "gotcha" questions that would be considered fair game if she were a man.

Reverse sexism is sexism. Shame on McCain for continuing the pander.

CNN POST ME PLEASE

This man continues to impress me. Day by day, the choice gets clearer and clearer.

Obama '08

Yep…took McCain a New York minute to jump on this train. I can't understand why anyone thinks this guy can do anything on the economy. He's obsessed with earmarks and that's it!! That's as far as his knowledge goes.

God help the entire planet if McCain gets elected.

The vote showed that McCain has NO BASE!!

I'll go along with that…it was needed 20 years ago.

Better late than never.

Too bad nobody listened to McCain in 2005 when he was blowing the whistle on Fannie and Freddie.

Excellent Idea Senator Obama. You are truly a leader with excellent plans that are original, watch everyone McCain is going to copy this idea soon.

"Oh…I got it here's another idea…lets put more taxpayor dollars into the FDIC

Why is it–that every idea or program Obama has involves major increase or redistribution of tax revenue?

Who does he think he's really fooling."

Obama's Republican rival for the White House, John McCain, appears to be in agreement. On CNN's American Morning, Senator McCain (R-Arizona) also called for the increase, saying "the FDIC insurance should be increased to $250,000 from $100,000."

Why is it that every idea or program McCain has involves a major increase or redistribution of tax revenue, and it's a copy of a Democrat's plan? Who does he think he's really fooling?

Shame on BO-and Shame on JMc-They both support this INSANITY!!!

NO WAY NO HOW NO BAILOUT!!!!

To some of you posters who do not know, the FDIC is insurance, not a handout.

Enough of using the American people for political reasons. John McCain is not fit to lead. To answer the argument that he has command experience. The military is full of officers that only got a command because they knew someone. A person of sound judgment would never have picked Palin. McCain's country first claim is crap. He has done squat to help us veterans. Again, John McCain is unfit for command.

This is a great idea to protect not only money in bank savings accounts but also IRAs so that people don't have to feel extra tempted to dip into that retirement fund.

Bravo Senator Obama, a solution that could actually help main street!

If people HAD 100K sitting in the bank, we would not have this financial problem in the first place… Raising it to 250K is nothing more than a political ploy.

dan: yes ,we need change,and barack is the only one who can bring it. clinton's not running ,anymore. stoopid.

On the FDIC insurance, Obama doesn't get it. He thinks we have the money to insure those bank accounts. I wonder if he knows that their isn't really a fund at all, it's just borrowed money that will be due the taxpayer anyway. Maybe he does get it though, he believes its "neighborly" to take from one citizen and give to another through taxation.

I think by putting a portion of the $ 700B bailout fund into FDIC to increase the coverage is a good idea. This will help those who have been saving money. Furthermore, this will encourage people to save. I think this proposal is moving this country to the right direction. SAVING is important!

For those who do NOT want the bailout, I am in the same shoe. I don't want to advocate the importance of this bill. I think however the economic crisis is looming. If we let those banks fail becuase of stupid CEO's and greedy businessmen/women, the main street will get hurt. I am from Ohio. One of our regional banks, National City, is on the brink to require additional rescue. If the bailout doesn't get pushed forward, I can only see that Ohioans who use National City get hurt. Again, as much as a hard bill to swallow this is, we need to understand the repurcation of lacking bailout funding.

Just my two cents.

"Err…. Who has $250,000 to insure? Rich elitist like himself people!!??"

The rich prop up the banking system, it's not people like you who have your $500 McDonalds check deposited every two weeks.

You're fooling yourself to think the FDIC will save us if the economy implodes. This is a politcal gimmick that creates a false sense of security. It's an illusion. If the economy fails there will be nothing to insure with.

I saw last night, when I turned the channel of course, a clip from a 2004 senate committee hearing with Barney Frank, Maxine Waters, and former Fannie CEO Michael Raines all agreeing that their was nothing wrong with Fannie and Freddie.

Do we have idiots running this country or what? And you people want to elect Obama who is being advised by Michael Raines? Do you think this is more of the same?

Obama=Bush=On the job training

No more dopes in the White House… Please….

This is the best idea I have heard so far. Thank you Mr. President for your leadership. This is what we need, someone calm during a crisis and who uses judgement to solve our big issues. McCain is just so unstable, he goes from one end of the spectrum to another. I think he is a manic depressive person who should be on medication.

Can you say- LEADERSHIP!

OMG! Where has this man ben for 8 years. We would still have a Budget surplus instead of drowing in debt created by GREED!

Obama-Biden 08
I KNOW WE CAN! AND WE WILL!

Obama did NOTHING to stop this in the last 4 years.

Congress (and Obama) Lied
Congress (and Obama) Lied
Congress (and Obama) Lied
Congress (and Obama) Lied
Congress (and Obama) Lied
Congress (and Obama) Lied
Congress (and Obama) Lied

I agree, I also think they should add a stimulus plan that also helps people with forclosures that the DEMS want… but the REPUBs Dont!! And just have the DEMS vote it in!! Forget the REPUBs!!! Just forget them!! Help the businesses, help the American people… and then DO IT!! Get this thing over with. Then put OBAMA into office!!

"LET THEM EAT CAKE "- AND, "PLEASE" , GIVE Georgie the FIRST PIECE!!!!!!

Hey "dan" (8:55) Only a sycophantic imbecile would believe that the economy can be fixed only by one person, or worse yet, a member of some exalted family.

What do you think, the Clintons are all super geniuses from another planet?

Good ideas come from lots of places, and it takes lots of people to make them work. If the Clintons were so great at this, maybe they'd have created a foundation so that this could not happen. Seems to me a lot of financial industry deregulation took place during the Clinton years.

Silly Dan,

We need change now more than ever before. The McCain/Palin ticket is holding on to dear life because the American people recognize it is their kind of politics that brought us here. McCain the "Great Deregulator" just last week admitted that he does not regret his 1999 vote to deregulate wall street. He was on 60 minutes, check it out.

That's all Obama ever knows how to do anything, expand, expand, expand…………until we truly are bankrupt

I think this is a brilliant idea. Slowly by slowly, Obama is beggining to unlish this economic missiles and soon enough, McCain will have no where to hide.

Mccain just went on the cable channels and mentioned Obama's ideas.

He stole his idea and went with it. He is not a leader, he is angry and is so out of touch. mccain had to defend palin on the katie couric interview he must know there is a problem what a joke mccain is

"That's $100,000 per bank people. Whats the difference to me??"

It's 100,000 per bank account. If you, individually, have $150k in the bank, only $100k of that is insured. Something happens and the $50k could disappear.

What that means is if you've got $200k in the bank, and the bank starts having problems, you're going to get skittish. You're going to think maybe "inside the mattress" is a better investment opportunity. So you go to the bank and you pull $100k out and toss it in the mattress. Well, you're not the only one. A lot of people go and pull all this money out. Problem is, the banking system isn't designed to lose that much liquidity. It's like your body, you don't have to lose all your blood to die of blood loss. So your bank keels over. It gets bought out by Chase. Somebody with $200k who uses another bank sees this, freaks out, and the cycle starts again.

We ended up in this position thanks to the Reps pushing for de-regulation when it comes to banking. Thus, opening up the lending environment for the sub-prime loans.

Those loans failed. They put all the eggs into the housing basket and they are all cracking now. Our government, specifically republicans, should have found a way to strengthen our economy. But they chose this route for some reason. Whatever it is, I know it cannot be good.

Exactly how will that help?

McCain will go negative in the same way Bush senior did by calling Clinton a Bozo. That was when I knew Bush knew he lost the election. Hoping the same rings true for McCain.

Excellent idea! This small piece of leadership put forth by Mr. Obama will provide democrats and republicans more lattitude with their constituencies. With this recommendation our bank savings are insured and protected, the Democrats have taken a blank check from Bush and Paulsen and given it oversite and protection and the free market wing of the Republicans now can tell their constituents there bank savings will be safe. This helps all parties, this is leadership.

@therealist there are many who are above $100K with regular bank accounts and retirement plans. Raising the limit on the FDIC will mean more people will not feel they are obligated to invest in Wall Street and they can comfortably leave their money in banks. Plus, those who do have more than $100K put away won't be so worried about their money and start pulling it out of banks. They know that it's insured and safe.

Its a good idea.

This is not THE solution you stupid partisan a$$wipes this is a step in solving the problem the right way instead of trying to scare America into supporting a give away program. There's more coming that will mitigate giving Paulson $700Billion dollars to give to his closest buddies.

Fact: Bush is worthless and has no credibility. Deal killer: Bush at the mic asking me to support him. He quite clearly will be the worst president in the history of our country. McCain can't find his nose with out direction and you see with his palin pick he too is Bush-dumb folks. Obama is on the right track.

Holy Cow! It's that kind of fast and loose playing with taxpayer money that got us into this trouble in the first place. WE SHOULD NOT increase the insurance to $250,000. Does Obama know what insurance is? We cannot afford to do this. It would only be a monetary illusion anyway and there will be an exodus out of the market. If the economy implodes there won't be anything left to insure with.

So while McCain points his finger and blames Obama for the failure of the $700 billion bill in the House (a completely crazy idea), Obama thinks rationally and develops a reasonable solution.

McCain has acted like a complete nut this entire time and has actively attempted to take advantage of the situtation instead of offering reasonable solutions. Luckily McCain has come off like a loose cannon and Obama is showing himself to be the true leader.

some of you people are just straight crazy! if you READ what is being said you will see that SMALL BUSINESSES are being included in that group! so before you open your mouth and ask WHO HAS 250,000 IN THE BANK, make sure you know who the help is being offered to! People who have retired and small businesses almost certainly have that much money in the bank! some of you shouldn't be allowed to vote because you suffer from an intelligence deficiency.

If only this was actually Obama's idea…

Americans,

Our Min. of finance in the Netherlands told us years ago
this would happen with the American economy.
We have difficult times to but he managed it to have a
plus this year of 2%.
Now, he, Wouter Bos, is a brilliant Min. of finance and my goodness
If Barack Obama hired him as his frend and adviser they would make
things a lot more better for you.
Remember, he is from the school of our former Minister President,
Wim Kok who was admired by Bill Clinton when he was in office.
Sometimes someone with a lot of distance have more oversight
than whom is in it.
I wish you all, a great President and for so many reasons, let it
be the man of change, Barack Obama. I see he is running well these
days and I am very happy for it. You realy dont have much of a choice here when I compaire him with John McCain. If someone of you, reading this message has the possibility to bring this message to Barack it would be wonderfull. I am sure Barack will repair your low standing in the world. He is loved allready in so many countrys.
I hope time will change and America becomes a Nation of dreams, hope and prosparety again instead a Nation of fears and wars as it is now.

With love from the Netherlands
(Excuse me for my bad English)

If the economic specialist say its OK, I'm in. Love ya Barack but you are a politician too. I will be voting today in early voting for you.

President Obama!!

Sounds better and better.

Post my first comment – there is NOTHING lewd about it. If you can post mysecond one immediately, what is wrong with the first one???

Sam, a large portion of the money can come from ending the war in Iraq. First of all, when Obama places more regulation on the banking system instead of letting them run wild like they have been, the money would not be needed any time soon.

Obama/Biden 08

As usual, McCain is trying to take credit for something someone else did….This has been his pattern for years….However, when things go bad, McCain is just as quick to place blame, and then distance himself from the problem…..On the otherhand, Obama is a thoughtful and considerate person who thinks through things before deciding on an answer…. OBAMA 08!

This is a much better idea than the House Republican's idea of insuring mortgage-backed securities and charging trillions of dollars in premiums that financial institutions don't have. Have those Repubs been following the news — insuring those securities is what caused AIG to collapse! No one knows how low those securities will sink, but it seems clear their value has a way to go before bottoming out. When those securities inevitably decline, the government would be on the hook to pay out those insurance policies. By definition, the insurance premiums would not be enough to pay out those policies, so taxpayer dollars end up being transferred to Wall Street anyway. Talk about putting lipstick on a pig!

Obama's proposal will stabilize Wall Street balance sheets by directly helping out the American taxpayer and small business owners, and clearly shows a deep and nuanced understanding of the financial situation. These are the kinds of ideas this country needs.

Where is the money coming from? Maybe the security is what people need. I have to let this sit for am moment. GOOD JOB Obama, for offering a solution. Mccain hasn't even tried to offer a solution.

Obama doesn't even know what "FDIC" stands for none the less change it. Obama likes to talk without knowledge , can he walk the walk without
tripping. Talk is cheap.

Sweetie:please don't vote! Send your kids….

HRC had a plan which made sense, but no the DNC chose this LOOOOSSSSEEEERRRRR who doesn't have a clue much less a plan!!!
Anyone but Obama!

A decent idea…in the short term it will help in boosting confidence between banks and consumers (individuals as well as small businesses). Banks will have the guarantee that government is going to insure 250K worth of wealth in accounts and hence be willing to give out credit.

However, it does not solve the main issue which is the bad debt created by Financial Instruments on the bank balance sheets. These need to be dealt with to free up capital and increase the confidence between bank-to-bank lending and hence free the flow of capital

Intelligence, Ideas, Leadership…. Obama.

I like this idea. I work for a bank and I can't tell you how many of our customers want to spread their money because they don't feel $100,000 in FDIC coverage is comforting in today's economy. It's not an end-all answer, but I think this is a step in the right direction.

OBAMA/BIDEN 2008!!!!!!!!!

therealist September 30th, 2008 9:05 am ET

Err…. Who has $250,000 to insure? Rich elitist like himself people!!??
______________________________________________________
businesses who need lines of credit so they can keep their doors open and keep people working, that's who that will help…..idiots

To the people saying "Who has that kind of money?" LOTS OF SMALL BUSINESSES DO. It isn't like profit money sitting around, it is OPERATING CAPITOL. Take a chain of pizza parlors in a region. They easily could have that sort of money to buy supplies, make payroll, etc…

Barack is a TRUE LEADER. He acts with sense and thought.

Obama '08!

look; the sub-prime market played on very low interest rates for borrowers then rose to where the borrower could not keep up. why not simply re-write those notes to the lower rate again, say 2.5%, but keep the rate firm for a period of time, (5 years/ 7 years ), and then evaluate the borrowers ability to pay more. look 1/2 a loaf is better than none, and with some backing from the FED, this domino would stop falling..

LOL! Pelosi engineers a no voteand then democrat leadership feeds the empty suit a talking point to make it look like he has an idea.

Watch out Obama, McCain will later today claim this as his idea.

Sweetie…are you delusional? It wasn't the Democrats who created this mess and then screwed it all to hell yesterday….it was the Republicans.

Therealist, can you not read correctly? He siad it would help small businesses. Now, McGimmick is saying the same thing. I am sure John will want to take credit for that too.

"Just where is the money going to come from? Yet another idea that spends money, public money. It's his buddies that goyt us in this mess and all he wants to do is show up late and pronounce he is present….."

I should point out that, after Obama announced this idea, McCain followed suit and called for the exact same thing.

Which we should probably thank McCain for, as it inoculates Obama against McCain supporters attacking him for doing this.

Post my comment – Give the "people" a chance!!!

He is the leader peoples need.
Obama , Biden, 08

professional bloggers for obama: plaudits for obama, "smartobama, proven leader obama, etc.etc.etc.etc. CNN BLOG SITES ARE INUNDATED WITH PRO-OBAMA COMMENTS FROM THE SAME PEOPLE EVERY DAY. It just seems so unbelieveable that these people know so much about obama , one would think they have read his biography in its entirety. OR , if they have , I really dont see where they can prove he is a " proven leader" ,, or a smart leader.
GIVE US A BREAK!

The crisis we are in has nothing to do with how much the FDIC can insure, but has everything to do with the fact people are unable to pay their mortgages.

This measure does nothing. Absolutely nothing.

Now thats a good man working across the isle to get things done, and wheres McShame still blaming obama, McCain= partisian politics
Obama= fixing the problem thoughtfully in a fashion that will work and put both sides at ease. Obama our only choice for fixing what McShame and Dubya did to we the people.

How is raising the limit to $250k going to save the economy? Is he anticipating that more banks are going to fail?

Well, at least he's trying to come up with some real ideas. But I don't even come close to having the $100,000 in deposits… so this really doesn't help me.

Keep thinking, Barack. We're listening.

Wow. Another good suggestion from Obama equals more reasons for the Repubs to go against the bill…talk about not putting country first…

Neither one of these clowns have the answer. Whoever believes either on is an even bigger clown! There are much better alternatives to the bailout that need to be looked at it. This cannot be rushed. We need something that is guaranteed to work. There also needs to be punishment for those that got us here. Including the federal reserve. Remember the fed is a group of unelected government officials. Like Paulson really cares about the taxpayer. All he cares about is his buddies on wall street.

WAKE UP AMERICA

LOL – McCain came out this morning and suggested we raise the FDIC limits to . . . you guessed it, $250K. Now that's leadership we can believe in.

to the realist,

When you talk about elitist's shouldn't you be talking about McCain? After all he is the one with multiple houses and multiple cars. Obama has one house and one car.

It's actually a really good idea. People with more then $100k in the bank face the threat that everything over $100k could just disappear if the banks fail. This will increase confidence in the stability of the banking system, resulting in less of these bank runs like what killed WaMu, Indymac, and Wachovia.

This makes perfect sense. The old FDIC limit of $100,000 just doesn't cut it after all these years.

And raising the FDIC limit is going to help the little guy how?

And just where to you intend to get the money to fund this? Oh yeah…raise taxes. On the people you are trying to protect.

Sheesh…

All of you who are making sarcastic comments about not having $250,000 in the bank – what about your employer???? There are millions of small businesses with money in these banks who need to make payroll – or maybe you've decided we should just all accept getting screwed?

Makes sense to me BO. At least you are smart enough to have a solution unlike the Chicken Littles of the GOP.

Dump Palin or we will vote for Obama!!!!

it amazes me to know that the republicans voted No on this bill bc they got their feelings hurt!!! are u kidding me?? it cost the stock market 1.2 trillion dollars. people will lose jobs…grow up washington!!! i dont care if pelosi called them a *insert bad word here* to their faces, they should vote based on principal and conviction not on their hurt feelings!

Great idea? How about current level is fine if you have your money at different banks? Increasing the rate isn't free, and it will place a greater burden on the smaller banks that cannot afford the higher premiums. NO ONE would have lost a dime in a FDIC-insured deposit account if they had capped it at $100,000 and opened another account at another bank.

McCain = panic and uninformed response.
Obama = calm and informed response.
Meanwhile, Pres. Bush and his corrupt, inept administration face a revolt among their own party that ties the hands of our government to act in the best interest of our nation. The American people need to rise up and call for Pres. Bush's impeachment and or resignation immediately.

Republican G.W. Bush, Republican John McCain, Republican Sarah Palin all of you are REPUBLICANS on the failed Republican team. Republicans you are the SAD problem FOR AMERICA AND THE WORLD, no one else but you. It's about time the circus and clown show the republicans have put on for so long to come to an end now. Republicans get out of the way YOU'VE MESSED YOU ENOUGH, let President Obama lead this country to POSITIVE CHANGE.

Obama President for 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015………

This is pretty funny when you think about it. Who is going to have 250K in a bank, once Obama enacts his promises to raise our taxes into the stratosphere?

Sam….sounds like a pretty sound idea to me..so unless you've got a better one….stfu!!!

Restoring confidence in the American people – Obama exhibits presidential qualities of a true leader.

Hey Praetorian, it is not taxpayer money being put anywhere. It only gets disbursed in the case that enough banks fail and their accounts need to be insured. It is a way to instill confidence and reduce the chances of panic without spending a dime of actual money, all while Congress tries to work out an agreed solution. As such it is a very smart proposal.

I can't believe that people's waelth and savings are drying up and they still have time for McCopy.

therealist: its for every individual and small business,not per bank. if you dont understand what ur talkin about ,you should go to next thread.

Hey Sweetie, why are you blaming the Majority leader? Because of her speech? Tough tittie! What she said was right on….this is a product of the Bush Administartion as it happended on YOUR WATCH! Time to own up to it! And if anyone is at fault for this old fashioned stick up its the Republicans. What they did was try and spin this last week and use it as a political tool for McCain to come in and save the day…..guess what it didnt work and now you guys just threw 1.1 trillion bucks out the window….nice going GOP….gotta love ya.

Ok Sen McCain, instead of attacking, lets hear your idea.

Now that is the best thing I've heard since this crisis began. Restore a little confidence and make sure people have a safer place for their money. At least someone has said SOMTETHING that is coherent and understood by the layman. Where's John McCain's bright ideas? Oh, yeah, he's grandstanding right now. We need rational ideas right now, not baseless attacks over whose fault this mess is.

Obama is such a forward and innovative thinker. That is why I am supporting his candidacy for the presidency.

I love how McCain actually did propose the idea first this morning but CNN pushes it to the bottom of the article then does a big separate article on Obama proposing the same idea.Yea really straight forward reporting there.

Thank you President Obama!!
Now whose leading McLame…Urgghh!!

OBAMA/BIDEN '08!!!!!!!!!!!!!!!!!!!!

Dear NBC News

I suggest you read The Deindustrialization of America By Barry Bluestone and Bennett Harrison not only do they show that the last time we bailed them out we were rewarded with high inflation that lasted ten years.

We also bail out in 1968 with the promise that our social security insurance would be returned to the American people. The way the politicians went about this was trying to eliminate social security insurance completely so they would not have to pay back the American people. This bail out only last ten years before the market needed another bail out.

I believe since the American people have spoken that no more bail outs as all it does is hurt the American people one way or the other. We have spoken that we are willing to suffer the consequences of recession and perhaps depression as in the end the American people fare far much better coming out of a depressing and for a shorter period of time and longer lasting stability.

This is a case when the children know what is better for them than the parents when the parents are addicted. It is the parents that are throwing the tantrums because they cannot accept “NO” for an answer. I commend the representatives who have the guts to be good parents because they know the children will never be paid back. Stand tough!

Thank you for you time and voice,
Marthamary E. Scherer

Thank you Presiden Obamat!!
Now whose leading McLame…Urgghh!!

OBAMA/BIDEN '08!!!!!!!!!!!!!!!!!!!!

The press continues to try to destroy Sarah Pallin just like they did with Hillary Clinton. I cannot believe that even women reporters are critizing her like there is no tomorrow. Sarah will do great on Thursday just watch!

McCain/Palin are looking out for WALL STREET….. Obama/Biden are looking our for MAIN STREET….. Thank you Senator Obama, this is a GREAT suggestion. I'm voting for the guy who owns ONE house, and ONE car.

Is Sen. McCain going to run back to the hill tomorrow to tout "His" idea on enhancing the FDIC to $250,000 from $100,000. Man I'm Sen. McCain has injected himself into the "Rescue Package Talks" while Gov. Palin continues the campaign…. HAHAHAHAHAHAHA!

God I love This!

@sweetie…your not that big of a fool, are you? the Repubs failed to look out for the American people, market drops to-777.68, unemployment at 6.5%, trillions in debt, 10,000 homes lost everyday, two wars and you think Pelosi's speech was the cause of the Republicans failure? GEEZ what a moron

I'm a huge Obama supporter, but unless there's a provision in this plan that allows some level of debt forgiveness for struggling homeowners, since the prices they paid were pulled out of thin air in the first place, based on the introductory rates in these crazy schemes that the industry has been pulling for the last 8 years, I can' support it. I mean come on, I knew something was seriously wrong with housing prices at least five years ago, so why were all of these experts so clueless? Anytime housing prices are going up over 30% every year, and the people come up with all sorts of elaborate schemes where they have a reduced introductory rate where they only pay a small percentage of the interest for the first five years, and the price of the homes adjust accordingly because so many people are doing it, there's going to be an absolute disaster at the end of that five years. People really thought that the value of their homes would continue to go up infinitely, and that they would continue to be able to sell them with no problem. But I knew that that wasn't going to happen, because the homes were outrageously priced and people couldn't really afford them. This problem won't be fixed until the price of homes come down to what people can actually afford to pay on a fixed rate mortgage, and that's why it is so important to have that provision in this bill that helps correct the market value of people's homes and reset their mortgage to a price that is actually realistic. They also need to let the banks know that the government will not back any loans based on these crazy schemes. That should discourage them from trying it, which will mean that more people will be able to afford homes. I mean come on, in my area, a house that cost you $100,000.00 in 2001, cost you close to $300,000.00 in just a few years at the height of the housing surge. That is just crazy. Not that there shouldn't be luxury homes for people that can really afford it, that's one of the things that we all work hard for, but a basic house in an average neighborhood can't cost that much. And don't you dare try to blame this on minorities like some on Fox news have tried to do. Most of these people losing their homes would still be in their homes if home prices rose at a level that was consistent with average growth in the economy, in other words, if home prices were based on what people could really afford to pay, instead of being based on what they could afford to pay during an introductory period where they only had to pay a percentage of the interest. THAT'S why homes went from like 100,000.00 to 300,000.00 in like five years.

Amazing Idea!!!!!! This guy is smart. Finally a good idea. Obama you have my vote!!!!

Obama had presidential leadership this is what we need

Obama/Biden 08

Sweetie wrote:
"The Democrats should be voted out by every man women and child in this country! " You um…you do know that children can't vote, right? And honestly, neither should you.

Queue up the GOP smear machine, then McCain will rip Obama, then by 4:00 he'll propose the same idea and ask why Obama is on the sidelines.

All in a days work for the worst political campaign since 1988.

president barack has an original plan ,and mccain comes in right after, and tries to steal the plan. why the hell is mccain constantly riding barack's coatail? it's because mccain knows nothing about the economy ,just like he said. that may be the one thing mac has told the truth about.

barack '08

Just where is the money going to come from? Yet another idea that spends money, public money. It's his buddies that goyt us in this mess and all he wants to do is show up late and pronounce he is present…..

We are broke….got it…broke.

Glad to see both of the candidates agreeing on this one. I'm betting that McCain will try to claim that it was his idea alone, rather than present it as a bi-partisan plan. I do agree with McCain that this should have presented as a "rescue effort" rather than a "bailout". Sometimes terminology makes a world of difference to the public. The whole thing sucks, but it seems necessary. Now McCain should should concentrate on getting his party on board after their feelings were hurt by big bad Pelosi. Sniff, sniff……

The Admin reminds of that old story, "The Boy Who Cried Wolf". They have lied so many times that no body will beleive them, It would be a first,if this time there was actually a wolf.

McSame had his chance to show his leadership during the Georgia-crisis and he did "okay". I would give him a "c-"-grade for that.

Now Obama has his chance to show his leadership and readiness for the most important job in the world. And what people learn is: that while mr. "self-called-master-ofBipartisanship" McCain just blames Obama and Democrats, despite the fact, HIS party is guilty for the failed plan, Obama stays calm and stays helping get the job done. He didn't have to suspend his campaign and was more active than McCain was. Remember the White House Meeting. Obama had a good, leading role there and HAD TO ASK MCCAIN FOR SAYING SOMETHING; but he denied and stood quiet, the whole meeting long.

The people learn to trust Obama and I give him an "A+" for the job he's doing. Also the debate was much in his favor. McCain couldn't win, despite the fact he was the favorite there!

Another point is Sarah Palin. McCain made a dead mistake in picking her as VP. She's terrible and not ready to lead anything outside of Alaska…

Obama is the better leader, has the better program, shows coolness and intelligence also in times of a crisis and he will become the NEXT PRESIDENT OF THE UNITED STATES OF AMERICA

I wonder if McCain will now take credit for the idea.

Is it just me or has anyone else noticed that Obama speaks to the issues 90% of the time and around 10% he slams on McCain.

Now Palin and McCain are total opposites. I use to be a Republican and i still am but there is no way on gods green earth that I can vote for this ticket. An older man with a famous hot temper and a ditz for a Veep pick. Together that is a recepie for disaster! Why could he have not chosen Romeny or Huckabee or my favorite up and comer Jindal! Why has McCain ruied our party? And now they are saying his only shot is to go 100% negative! Thats just what we need more negativity! McCain you blew it, you blew it along time ago for us and I just want to thank you personally for allowing Obama to come in and win this thing!
Our party needs to distance themselves from the likes of Carl Rove, Rush Limbaugh….all those two morons are doing is dragging this party down even more. It's time for the GOP to renvinte themselves in 8 years under Jindal! He should be ready by then! Let gets rid of all the condescending conservative talk show hosts who promoe doom and gloom all the time. If we can work together as a party we someday might be able to be respected again….maybe.

Our President at work!!

YES WE CAN!!

60% of Dems voted for the bill. Only 33% of Repubs. Who is ready to lead? John McCain – not ready to lead.

Great plan. It does absolutely nothing to address the economic crisis, but it gives Obama's trolls something to drool all over. Obama is a master of manipulation of the ignorant and uninformed.

I am sure Obama is getting his advise from the likes of Raines and Johnson. America better wake up and start doing a little research on these people and also his ties to ACORN.

Well, it this works, and we can actually secure peoples banking accounts and investments up to $250K, that would stop people from utilizing offshore accounts that ALREADY insure your money over $100K. This would keep that money in the American financial system. Good thinking Senator.

For those who always accused Senator Obama for thinking through his answers, you can see where "thinking" and not just spouting out the first thing that comes to mind in an attempt to display your decisiveness leads to better answers and decisions. I want a thinker, we already experienced 8 years of a non-thinker.

Here is Mccain coping from Obama again.now he's on board with this idea…………Mccain is the one who turned this into a political issue…he should have never got involved with this bailout issue.

OBAMA 08

The upside of this is it would keep those people fortunate enough to have more than $100,000 in individual accounts from panicking and starting to separate and shift money from one bank to another. Frankly every little bit helps, if it reduces the amount of chaos the system will HAVE to absorb for the next 6 months.

Is Hussein phoning this one in too?

He is really involved!!! Keep it up Hussein.. It is yourself before country.

Finally, a great idea!

It doesn't matter if Obama thought of it fist. A true leader seeks the input of others and does not reject an idea merely because he or his party didn't think of it. That rejection is called arrogance.

Our President at work!!!!

YES WE CAN!

Ummmm….this idea has already been suggested by the Republican conseervative wing…..last friday to be exact when Mccain returned to Washington. Nice try Obama.

As always CNN…..accurate unbiased reporting.

The media has made this election a joke.

Who's the one with the original idea's? Anyone who say's McCain is the voice of idea's or reason is really just stubborn and refuses to realize they are making a terrible choice for our country.

If John McCain and Sarah Palin get into our white house we are all in for a really terrible four years. It hard to think about anything getting worse then it is right now but…….it can.

I know there are people who look at Obama and must say this guy is just to young and McCain has been around for so long and has experience. Obama's youth is exactly why we need him!!! The person who leads us out of this needs to see the future not be stuck in the past. That person really is Barack Obama. John McCain can't even get out of the old way of trying to get elected. He will not be the change we need, he will be more of the same!!

making the RIGHT choice is more important than ever!!!
VOTE OBAMA/BIDEN 08

Republican congress has already come up with this idea (ie. raise the FDIC insured amount to $200k). Once again, Obama slightly modifies someone elses idea and then claims it as his own. Maybe its best for him to be elected to finally put him in a position where he can not shift the blame to someone else. Of course, I'm sure he will invent some new blame scheme for every situation and with CNN's help (and MSNBC even more pro-Obama) he will keep up his blame tatctics. LOL with Mr. Justification.

I love how Mccain is touting that Obama is to blame for this, when Mccain is the one who pulled an ambivalent Obama INTO this. Mccain and Obama should have separated themselves from this whole crisis and continued to campaign.

As a fiscal conservative myself, I think Obama's proposal to expand FDIC insurance is sound and reasonable. I hope that the Republican leadership accepts this proposal.

Thank you Mr. President. McCain says Obama is not leading? Who got 60% of their representatives to vote "yea" on the bill and who only got 33%?
John McCain – not ready to lead.

Give us a break!! This wasn't Obama's idea!!

It is deplorable how Obama comes out of nowhere and claims ideas as his own. His naivety is only exceeded by his blind ambition for power.

Once again, Obama lets the American people know in clear, timely and concise ways what his plan is.
OBAMA/BIDEN 08!!!!

I love how Mccain is touting that Obama is to blame for this, when Mccain is the one who pulled an ambivalent Obama INTO this. It is NOT the time to make this a political event. Mccain and Obama should have separated themselves from this whole crisis and continued to campaign. BUT – that didn't happen. Mccain made it an event to make him look like a Maverick, but we all know now that he is using all of our lives as a bargaining chip to blackmail us to fight in his and George Bush's war or go down with the ship.

I do believe McCain is following. ( Following George Bush and Secretary Paulson.) The American public would like to see something besides trickledown economics. Wow, have we had enough of this failed economics.

O'Bama is showing some sense in this by increasing FDIC insurance. Also, oil prices did go down yesturday . He is behaving with some real thought processes while John McCain is as usual following George W. Bush.

Nice move Obama. Can't wait till you take over in Jan.09. People this is the kind of change/leadership our country needs now.

People if you will vote Obama/Biden and only other Democrats we will get out of the messes the current admin. and Republicans have gotten us into.

No bailouts for the greedy! Let them fail!!

Both candidates are singing the same tune for the Wall Street subsidy, I mean bailout, I mean rescue? It must be nice to be able to afford two candidates in one election.

Who's going to bail the average tax payer out when they can't pay their tax bill??? Are they going to give me an interest free loan with no late fees and penalties??? Probably not; they will charge me interest and late fees. Under this bailout plan – this is GOING to happen to millions of Americans on April 15th in the future.
This is about mortgage securities – NOT mortgages. Wake up and realize you are only putting a finger in the dike. If they faster the market resolves itself by shedding these greedy corporations the quicker it will rebound with those finanical institutions that looked out for the working man leading the way.

@ Arnold, let's for a second say this idea wasn't Obama's idea. So, would you be so inclinde to inform us as to whose it?

John McCain has lost it. His pick of Palin was a serious error in judgement, his interjecting politics into the bail out situation was another one. He is not fit to lead!!!

This is a good idea, the 100,000 limit current has been in place for years and needs to be raised.

Novel idea, I wonder who he heard it from. At least He is now speaking on the issue.

That's $100,000 per bank people. Whats the difference to me??

This guy really doesn't get it. Doesn't he have any real life experience. Does he not have a clue what is happening? You think insuring another 150,000 is going to solve this crisis. It is not going to help the folks defaulting on mortgages. Not going to help the banks. Not going to help anyone. ONCE THE BANKS ARE GONE…nevermind. What a joke. Could a real leader please stand up somewhere?

the speaker of the house must think we are all stupid. I would have more respect for her and the dems (includuing Obama) if they would man-up and take responsablilty for thier part of the mess. the dems(Bill) started the mess with mack and may. the dems told them to loosen lending requirements even after Bush and the fed told them this was going to happen. but know it the Bushes fault . We all are not nieve just the blind LIBs. WAKE UP America!!!!!

Obama leading with new and improved ideas while McFollow agrees.

nnnice ! Now he just have to take the torch from Bush and address as well as convince the country to go along( i know he's been trying to avoid the presumtious label…but…Bush just plain sucks!).

Sounds like a plan. He's actually working to correct a problem, not just slamming the opposing side like McCain's camp is doing.

that what we need if not more runs on the banks, im running

yeah, this will help me, like i've got $250k in the bank…wasn't that the number that you would raise taxes on???

Now, that's how a leader acts folks. Calm, cool and collected while proposing clear and conscise decision affecting our daily lives. Nothing that is not fully thought out and well developed. No shoot, aim, fire decisions. I can see him as our next Potus.

Now that is how you do it McCain, watch how a real leader leads.

A real proposal that should make sense to the House Repub's and some Dem's on the fence.

Bi-partisanship, you know like when he said in the debate "Senator McCain your right" some took that as a negative but I knew it was a strategy, he would not have said it so much if it wasn't. It shows how one can agree to disagree which is what we need right now.

Great leadership Obama. I love that kind of vision.

Err…. Who has $250,000 to insure? Rich elitist like himself people!!??

The FDIC should be raised to 250k if not 500k. 100K is just not enough these days; especially when you are in your retirement age.

I also recommend that the capital gains loss limits for individuals be raised from 3k to 50k. Given the magnitude of this crisis, this will help the Americans to clear their portfolios of losses and start fresh again. It will encourage capital investments in our markets.

Obama shows that he understands the issues, AND he has shown steady leadership throughout this crisis.

McCain jumped on the idea pretty quickly too….is someone bugging the Dem's offices?

How long do you think it will be before McCain adopts this idea and claims it was his policy and Obama hasn't come up with any ideas to help the situation. Obama is to blame for the Republicans defeating the bill remember and McCain is a POW!!!!!!!!!!

Good for him. McCain once again is jumping on the train. Just like being the change candidate, just like wanting to reform Washington, just like trying to have a solution to this crisis. McCain is a load of crap and I hope people see him for what he is.

Yet another parroted talking point from McCain. Let McCain rant and rave while you remain level headed and smart Mr. President Obama. Almost exactly a month left, just stay the course.

This is a great idea in theory. Hope it can work.

Too bad it's not his idea. Watch him try and convince you it was.

Obama=ACORN=Corrupt=Fannie&Freddie=Democrats

Don't vote for this guy.

you people are erong sorry to say even obama on bail out ENOUGH IS ENOUGH LET THEM AND THIS CORRUPT BUSH MAFFIA FAIL WE ALREADY KNOW BUSH IS WAS FAILURE AND DUMP BESIDES

I heard an economist on CNN last night praising the hours that Senator Obama had spent learning about the nuances of what is happening and commenting on how intricate these proposals are.
No wonder neither candidate could answer Jim Lehrer's questions on Friday night. Again you can see that Obama "gets it" and Senator McCain is left holding what appears to be an empty satchel. No money and no support from within his own party.

Once again Obama leads with ideas and McCain follows along. Too bad they didn't think of this earlier. Are there really than many people with that much $$ in the bank? Even small businesses?

Detailed input and that is leadership I can believe it! Don't place blame, just keep working. No distractions!

Obama/Biden!

Elizabeth in Texas

Oh…I got it here's another idea…lets put more taxpayor dollars into the FDIC

Why is it–that every idea or program Obama has involves major increase or redistribution of tax revenue?

Who does he think he's really fooling.

Ireally don't see why this isn't commended? I mean at least it's better than Chicken George saying that the sky is falling!!

This is a great idea and will protect tens of millions of Americans and especially senior citizens who have saved a lifetime!

Obama is going to clean up the mess McCain left us. McCain has FAILED once again with his erratic behavior, poor judgment and lack of leadership skills. Barack Obama is going to make a great President

The more I see of Obama, the more I like him. Even John McCain admitted on another network, that Obama is right on this. Four words we never thought we'd hear from McCain, "Senator Obama is right."

I think it is a sad day in America when our Majority Leader in Congress costs this country over a Trillion dollars that will not be made back for a very long time…….

Just because she felt the need to "Poison the Air" with Partisan Politics!

The Democrats should be voted out by every man women and child in this country!

They have proven once and I hope for all that they are totally inept and a Danger to us all!

McCain/Palin-08 in a Lanslide!

He is one of the LAST voices that I trust.

Bush,McCain,Cheney,Palin have all proven to be dishonest and do not have my trust anymore.

This SMART LEADERSHIP by Barack Obama

is far better than PANIC LEAD ERRATIC DERANGED 'leadership' by John Mccain

Obama not leading my butt McCain you were just upset you didn't have anything to rip off of him.

This is my guy and he has my best interest at heart.

Vote for Obama……08

Prez.Bush just spoke about the necessity of a bailout.

For some reason – I just don't trust him anymore.

NO BAILOUT !

That's our President at work already!!!!!

Can McCain come up with just ONE original thought? ME TOO! And, if I say it enough, the American public will actually believe I came up with the idea. LMAO.

This move is probably a good one. It is likely a move to avoid a panic run on cash by depositors. That is what spelled doom for WaMu.

First we have to get the House back from a 2 day holiday before anything can be done. What if we tank before they return? I understand it's a religious holiday but the stock market lost 1.2 TRILLION dollars yesterday. I'm afraid they're clueless. Maybe they should call on some top economists to draft up something workable while they're gone!

THEY DON'T WANT TO INSURE "OUR" MONEY.

THEY WANT TO PROTECT "WALL STREET MONEY."

OH, ESPECIALLY THEIR CEO's PAYCHECK.

AMERICA, YOU HAVE BEEN DUPED BY OUR OWN GOVERNMENT AND THE MAJORITY OF YOU ARE JUST WAKING UP.

Great initiative. This effort has long been overdue. Especially in this type of current economy.

That's the man we need to be the next president!!! Go OBAMA!!!! What a smart step….protect the bank and protect the consumer at the same time! OBAMA'08

What a great leader and President if the Republicans will buy it. They will try to say that was McCain idea. Obama is a proven leader with the knowledge of the American people at heart.

CRISIS? What CRISIS? Ask MCAIN! The ECONOMY is STRONG my FRIENDS!!!!!
This the man who, during those DEBATES kept on ANNOYINGLY saying (I don’t know how many times coz I stopped counting) ‘ SENATOR OBAMA DOES NOT UNDERSTAND………SENATOR OBAMA DOES NOT UNDERSTAND………SENATOR OBAMA DOES NOT UNDERSTAND……….With his understanding of things, what has he done for the past 28 years.

All these years of ECONOMIC MISMANAGEMENT, EXPERIENCE was at play and MCAIN and PALIN were a part of it. So you CLAIM experience when it favors you and you SHY AWAY from it, if it’s against you. NOW MY FRIENDS, THE CHOICE IS YOUR; YOU DECIDE

Anyway, I thought Amereica is A FREE MARKET ECONOMY so why the bail out? BUT guess what. They are already BLAMING the DEMOCRATES. What about the REPUBLICANS who voted AGAINST?

OBAMA

I am sure the Republicans will be against this as well. Why? They did not think of it. At least Obama has proposed an idea. Where is the maverick?

Dear CHANGE democrats,do you still think we need change in the face of the market failure??? Silly democrats what this economy and country needed was a CLINTON…DOPES

Now that's a leader!!!

Lead on Obama! While McCain is yelling that Obama does not lead, McCain sits back and does nothing worthwhile.

yet another gimmick by the the King of gimmicks!

Sounds like he is pandering to the rich now.

Oh well, who will have that kind of cash after he taxes it all away. Oh ya, maybe all those democrats with their hands out.

watch John Mccain try to take credit for this idea. LOLOLOL. Obama is a brillant man.

Thank God for Obama. Now, this makes so much sense and I think its a great idea. This is why I vote and support Obama. He gets it McLame and Bailin Palin do not!!

OBAMA/BIDEN 08 & 12

Let the market correct itself and prosecute the people who took money from the companies to thwart legislation that would have curbed the leveraging at Fannie and Freddie (government institutions, not free market institutions). Barney Frank will be at the top of the list right up there with Dodd and Obama. Prosecute the people who coluded with the brokerage firms by giving good ratings to bundled mortgages that were toxic instead of rating them as toxic to begin with.

So we can't put Christmas on plastic this year and kids looking for college loans may have to work fulltime and go to school parttime for a while. The world will not end and maybe people will learn to be a little more careful with their money.

I'm sorry, but I don't know a single person who is being forclosed upon so it's tough for me to buy that this is a "crisis". When 2%-3% of all loans are in foreclosure that means that 97% – 98% are not. Hardly a national crisis in my book.

Now that is brilliant!! Perfect measure to prevent runs on banks with mostly small businesses shifting money to different banks and accounts.

I know because I'm one of them and I have been scared spitless with what was going on.

Now McSenile, tell me again how Obama is not ready to lead?!!

This is too funny! The House Republicans who voted "NO" yesterday stated that one of the reasons for that vote, is that they want the FDIC iinsurance doubled to $200,000. Now, Obama wants $250,000. Does anyone care to bet that he takes full credit if the Republicans get there 200???

Wow! I just heard McCain in an interview on Fox take credit for proposing an increase of the FDIC coverage. I'm tired of the drama, let's vote now.

Obama/Biden 08

I second that motion!!!

OBAMA IS THE REAL CHANGE!

THANKS, Senator Obama, for thinking of "Main Street". YOUR idea is an excellent one!

OBAMA / BIDEN 08

This man is doing an outstanding job! Unfortunately if he where a white man he would be 35 points ahead in the polls. Some parts of this country are just too backwards to get it! It is also very unfortunate that some of these hateful backwards states carry more electoral votes that some of the higher educated progressive ones. How is it that the lowest educated parts of the country pick our President every four years? Doesn't that sound a little goofy to you? If you remember the debates with Bush, you should remember that he was clearly the dumbest of them all, yet this country voted him in, (twice). I am a average, white, independent, just a couple years of collage, 50 year old male.

Obama/Biden 08 and 12

A TRUE FINANCIAL LEADER

A TRUE LEADER!

-V

That's a good idea. Americans want to feel more financially secure and that's one step in the right direction.

The American people are TIRED of crooks, in business AND government!!!

Great Idea! I have more than 100k in my bank; including college funds for my daughter and CDs. This would give me more comfort that my deposits are safe and I don't have to open new bank accounts just to feel that security. Small business owners also deserve a break.

As usual Obama comes up with a plan after its already express by others. He has no genuine ideas!

Great idea Obama, you are doing a terrific job.

Wait, wait, wait… a presidential candidate who actually came up with a plan rather than pointing blame and/or trying to take credit for something he didn't do? I guess this is what he meant when he said that change is coming to Washington.

Presidents come up with answers and fresh ideas.
Rather than trying to point the blame on every one but themselves and their own party. It's becoming more evident every day who has the right mindset to run this country. If you havn't made up your mind yet please pay attention to the way these to candidates are representing themselves. John McCain has went into crisis mode, while Barack Obama is still making suggestions on how to make this country prosper.
One car, One house, One Choice.

Obama Biden 08

I can really be down for this proposal.

Most regular people don't have more than on hand on average anyway.

But this idea of losing the money I worked hard for is ridiculous, while these CEO's (like the one at Wachovia) walks away with millions

Nice to see Obama at least coming up with some kind of plan.

I'm willing to bet my barely held on to home that McCain will just spend the rest of the negotiations blaming and belittling the plan and not having one of his own. Place your bets right here…..

Okay, first, this sounds like a good idea. Second, McShameless says Obama is out of touch??? Isn't McShameless the one who was saying the fundamentals are stong as the market dropped over 500 points a little while back? Third, how are we to blame Obama for playing partisan politics, and praise McShameless for "helping" whenit was basically the rethuglicans that shot down the bailout??? I tell you , these rethuglicans remind me sooo much of the Wizard of Oz. "pay no mind to the man behind the curtain". The facts are this, but we say that, so naturally you should ignore the facts and just blindly follow us into yet another burning building. How insanely stupid do they really think Americans are? To me, it has just become too insulting to even think about.

I just saw John McCain on CNN take credit for the proposed $250,000 increase in the FDIC, when on the TODAY show a Republican stated she agreed with Obama on the proposal. He's blaming Obama for the defeat of the bill when it was his party that didn't come up wth the numbers. JOhn McCain, you can fool some of the people some of the time, but not all of the people all of the time. Now that he's looking "erratic" , McCain will be stooping even lower in the next five weeks.

Right on, Barack! Some real solutions instead of giving Hank Paulson too much power and letting CEOs continue to get golden parachutes for moving our jobs off-shore!

Yet again, Obama is taking the lead.

We need this kind of leadership to achieve bipartisan support for the rescue bill. I also saw McCain touting the same point on Fox news this morning (FDIC insuring deposits upto 250000!)

Calm, rock-steady, intelligent…the 44th President of the United States.

I think that something has to be done to save our economy. Instead of fghting partisan politics (yes, I am very aware that this is an election year) they need to compromise, not get hurt feelings over stupid words and actually do their jobs that they were elected to do. Also McCain really can't blame the Democrats for this, seeing since a majority of the Democrats voted yes, and the GOP voted no. I know who I'm voting for in November, and it sure as heck ain't the GOP.

Obama wants more government!! Isn't this what we are fighting to not hapen??!
He is just as bad as the bush administration!!

Great Idea! Watch McCain, he will claim the credit for it.

Deregulation without safeguards doesn't work in a society full of greed and lack of restraint. People living beyond their means (which the liberals promote with their form of politics) is a major cause of this debacle.

Its funny how Mccain is talking about how Obama isn't leading, when Obama is the only one I hear offering input and sound ideas. Mccain hasn't come up with any ideas. Mccain is a ball of fluff, and whoever falls for the GOP's garbage is an idiot.

Obama/Biden 2008

EMPTY PROMISES TO GET ELECTED. PHONE IT IN.

Obama is always giving a speech proposing something….why isn't he in congress working like he is supposed to be?????

He and Pelosi make a grand couple…whatever gods there are, please have mercy on America should Obama be elected and Pelosi is still in high ranking positions.

I think this is a nice gesture, but if you can't borrow more money, how does it help people. We're having trouble paying current bills, and if you already have $100,000 in the bank, you're probably not too worried.

Obama already has my support because the alternative has had much to do with why we are in this mess, but don't offer relatively meaningless initiatives just to make it seem like you are doing something.

Why not offer some solution that addresses the root debt to this problem? Why not a huge stimulus package to help every American pay off back debt? That would fall in line with Obama's trickle up theories. Giving every American $2300, every family of four $9200 would go a long way to reduce the root debt that is being bundled and traded.

This is what a leader does! Brilliant idea!

McCain just points his crooked finger and blames others.

Vote Obama!

Naive. Naive. Naive.

A complete lack of understanding of basic economics.

Pathetic.

Good move, Obama. Now that McCain's theatrics have proved inieffective, the voice of intelligence and reason can prevail.

if anyone can bring us out of this mess it will be barack obama. he is highly educated and has a brilliant mind. mccain has no education in finace and is a blow hard and name caller but other wise clueless on what is going on. he is making himself look like a fool blaming obama on this mess when days before the vote mccain had not even read the proposal. mccain is an angry old man that should retire and leave the economy to those that are trained in reading documents and savy enough to make things happen for the people.

While McCain is making statement about Obama "not leading", Obama is trying to come up with new ideas to save our economy. Which person do we really want to be our future president. The way McCain has run his campaign is an insult to the American people. I used to respect him. Now I put him in the same group as Karl Rove and Dick Cheney.

Now that's leadership. McCain, your campaign is so far in the past, it will never catch up. We need a younger, more savvy president in the white house. You have had your shining time and now your star is dimming. Ummmm no, it just flickered and went out.

O8AMA

The only way we are going to be able to clean up this mess and the rest of the messes made in the last eight years is to give complete control to the Democrats (there still is not enough votes to get things done). Also, having a strong majority of Democrats will make up for what Obama is lacking … which is sizable.

good for you Barack! instead of stamping your feet and pointing fingers, you have ideas and solutions that are practical!!! VERY PRESIDENTIAL!!!!

We need to get rid of all the de-regulation that has been introduced to allow wealthy to get wealthier.

And if memory serves, a lot of this started with the S&L mess and the Keating 5 scandal back in the late 1980s.

No more.

This sounds like change. Sen. McSame hasn't offered such a resolution. Sen. Obama is showing true leadership in the midst of this crisis.

OBAMA/BIDEN 08

How about, letting the cards fall where they will. Then use some of that 700 billion to help those whose retirement accounts have taken a loss.
Wall Street has their own methods of handling situations like this and the Federal Reserve should be a thing of the past.

Well, at least he's trying to come up with some real ideas. But I don't even come close to having the $100,000 in deposits… so this really doesn't help me.

Keep thinking, Barack. We're listening.

McCain can keep talking about Obama

Obama can keep talking about solutions

Ahh Protect your rich buddies cause its def not people I know. Seriously how many people do you know that have $250,000 in the bank. Those people are not in any crisis atm.