Obama defers to Bush
Barack Obama seems to be more satisfied than ever that George W. Bush is president. Obama is ducking and dodging giving details as to how he would spend the second half of the $350 billion bailout package passed by Congress, claiming protection under his “one-president-at-a-time” clause. Maybe he’s planning on a spending spree unrelated to the original intent of the bailout – one he’d rather not reveal too soon. Remember, there is very little to no stipulation as to how the money should be spent. It’s largely up to the discretion of the Treasury Secretary.