Obama’s Bank Bailout: Bush’s Plan Resurrected


by Shamus Cooke
Global Research, February 11, 2009


To reintroduce an unpopular idea by a different name is a classic trick of politicians. Obama has done precisely this in unveiling his bank bailout plan.

In a desperate attempt to distance himself from Bush, the Obama administration has added some complicated economic terms packaged into a system he simply calls the “bad bank.â€