OBAMA: BAILOUT CAN BE TWEAKED LATER

[ClarkUSA]

Sorry about the caps but this is something I've been saying for days to deaf ears here and now Barack is saying
the same thing, probably because he wants to reassure the Democratic grassroots who are unhappy about the
passage of this admittedly imperfect bill that this will not be the final version if he has anything to do about it.

From MSNBC's First Read:

LA CROSSE, Wisc. -- As he prepared to head to Washington, DC to vote on a package to rescue the country’s financial system, Obama stressed his promise to review the plan if he becomes president and pledged that taxpayers would
never again have to put their money on the line to pay for the irresponsibility of Wall Street executives.

Obama said his chief priority if elected would be protecting tax dollars, and that he would demand a full review
of the $700 billion rescue plan to make sure that it is working for taxpayers.

“If you – the American taxpayer – are not getting your money back, then we will change how this program is being
managed. If need be, we will send new legislation to Congress to make sure that taxpayers are protected in line
with the principles that I have put forward,” he told a crowd of more than 15,000 people huddled on a chilly fall
morning in La Crosse, a city near Wisconsin's border with Minnesota.

He repeated his call for what he calls a Financial Stability Fee on the financial services industry to repay Americans
in case the rescue plan results in losses.

“As I modernize the financial system to create new rules of the road to prevent another crisis, we will continue this
fee to build up a reserve so that if this happens again, it will be the money contributed by banks that’s put at risk,”
he said. “Let me be very clear: when I am President, financial institutions will do their part and pay their share, and
American taxpayers will never again have to put their money on the line to pay for the greed and irresponsibility
of Wall Street.”

Obama also spoke about the need to reign (sic) in spending in Washington, in part by increasing government
efficiency and ending the war in Iraq. He emphasized that an idea he proposed yesterday morning, raising the
FDIC cap to $250,000 from $100,000 proposal, was included in the rescue bill and again called on members
of both parties to support the legislation “even if it’s not popular” for the good of the country.

On KO tonight, Paul Krugman said the legislation would probably be revisited as soon as February 2009 under
an Obama administration to tweak it, ostensibly to remove parts offensive to Democratic sensibilities.