Both Candidates Back Bailout, With Caveats

Sep 22nd, 2008 | By David Harper | Category: Election 2008

The New York Times: Senators John McCain and Barack Obama warned Sunday that there should be more oversight built into the government’s $700 billion plan to stabilize the financial markets but said the potentially enormous expenditure would not force them to scale back their ambitious governing agendas.

Mr. McCain, the Republican presidential nominee, and Mr. Obama, his Democratic rival, agreed in separate interviews that steps should be taken to ensure taxpayer dollars are not used to enrich the executives of troubled financial firms bailed out by the government.

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