Republican presidential candidate John McCain and Democratic presidential hopeful Barack Obama, who shared good presidential debate, tentatively supported the $700 billion plan to bail out the U.S. financial system.
bailout plan
President Bush Warns Long Recession In The Midst of Financial Crisis
President George W. Bush, who address nation on banking bail-out, has issued an urgent warning that America’s “entire economy is in danger” and a failure by Congress to agree to his $700 billion bailout package would lead to a “long and painful recession”.
