A Team Obama official says the FDIC may run out of money, so others wearing an “O” on their jerseys step forward with yet another bailout proposal … for the FDIC. Meanwhile, a congressional committee evaluates an Obama plan to bail out people with bad mortgages and says the plan doesn’t get to the heart of the matter, those homeowners who are “under water” (they owe more than their homes are worth).
Meanwhile, Obama himself is talking about … healthcare, spouting off nonsensical statements that “every 30 seconds in America a company goes bankrupt because of high healthcare costs.” That’s almost as unreal as the statement that the so-called stimulus bill will create “or save” 4 million jobs (there’s no way to count saved jobs).
One begins to get the idea that it’s the administration and its daily plans that are “under water.” At the very least, the president seems to be in over his head. Time to get a bucket, everyone, and do some real bailing.