Democratic presidential candidate Barack Obama says he believes
Congress will eventually pass a 700 billion-dollar financial bailout
plan, although it did not pass the House of Representatives.
He told supporters in Colorado on Monday that he had
spoken with U.S. Treasury Secretary Henry Paulson, House Speaker Nancy
Pelosi and other lawmakers about what action should be taken next to
save the ailing economy.
Obama blamed the economic troubles on what he called an irresponsible
philosophy that has given more wealth to the rich in the hopes that
prosperity would trickle down to the poor.
He said his rival, Republican Senator John McCain, has followed the
philosophy of the Bush administration by calling for less economic
regulation.
Earlier today, McCain told supporters in Ohio that Obama's economic
policies will deepen what McCain called the country's "recession."
McCain said he was acting in taxpayers' interests when he went to
Washington last week to join discussions on the bailout plan.
Obama was also part of the economic talks at the White House Friday.
Voters go to the polls November fourth to pick the successor for
President George Bush, who leaves office in January after two terms.
National polls show Obama with a slight lead in the race for the White
House.