MSNBC: McCain says he agrees with Obama's suggestion that FDIC insurance be increased to $250K.

[flpoljunkie]

Obama leads again. McSame follows.

[rateyes]

1. "Barack, you're absolutely right."

Should be a campaign commercial.

[Schulzz]

2. Wait a few hours, McCain will declare this as his own idea.

And tell us that Obama has no plan and is not leading. He has done it before. :popcorn: :rofl:

[JaneQPublic]

8. Heh. You're probably right. (nt)

[JohnMcCant2008]

11. By tomorrow McCain will take credit for having established the FDIC.

Palin won't know what the letters stand for.

[Alter Ego]

15. Clearly it stands for the um...Awesomely Awesome Association of Awesome!

Awesome!

[regnaD kciN]

17. "Now, THAT'S leadership you can believe in, my friends!"

:eyes:

[HughMoran]

3. Heck, I agree with that

100k ain't what it used to be!

[Silent3]

14. Since we just sold our old house...

...and will have over $100K in the bank for the next few weeks while waiting for our new house to be completed, that $250K upgrade for FDIC protection (which I heard from Obama first, before McCain chimed in with his "me too") sounds very good right now, no matter who's saying it.

Passed in the next day or two, in effect immediately upon passage, works for me. :)

[HughMoran]

16. That's great

So many people have to set up multiple accounts - it's also not as effective for interest compounding - so this is good.

[kirby]

4. $250k makes sense...

That is basically the $100,000 it was raised to in 1980, adjusted for inflation.

[flpoljunkie]

5. ABC's The Note this morning: Obama first out of the box with a new idea

(Obama is first out of the box, though, with a new idea Tuesday -- expanding FDIC insurance to help small businesses. And President Bush -- never looking less relevant than he does at this moment -- seeks to calm the markets with 8:45 am ET remarks at the White House.)

http://abcnews.go.com/Politics/TheNote/story?id=3105288&page=1

Obama Proposes FDIC Hike

September 30, 2008 6:55 AM

ABC News' John Berman reports: Barack Obama issued a new proposal his campaign hopes will help jump start the financial bailout negotiations and perhaps attract some new voters.

He proposed lifting the current limit on federal deposit insurance from its current limit of $100,000 to $250,000. In a statement, the Obama campaign said it's a "step that would boost small businesses, make our banking system more secure, and help restore public confidence in our financial system."

As it stands, FDIC insurance guarantees deposits in banks of up to $100,000, meaning if the bank goes down, the federal government guarantees your first $100,000 are safe.

In the e-mail statement this morning, Obama says, '“While that guarantee is more than adequate for most families, it is insufficient for many small businesses that maintain bank accounts to meet their payroll, buy their supplies, and invest in expanding and creating jobs. The current insurance limit of $100,000 was set 28 years ago and has not been adjusted for inflation."

http://blogs.abcnews.com/politicalradar/2008/09/obama-proposes.html

[catgirl]

12. Obama understands the economy

McCain pretends he does.

[zulchzulu]

6. McCrony will be calling it "careless" by 2pm today...

...then he'll take credit for it by tomorrow and that Obama "phoned it in".

[RTFirefly]

7. McCain: "Good Idea. I'm totally stealing it."

I'm sure he'll be adding it to his stump speech later today, and say he hopes that Obama "will join him in pushing for this."

[godai]

9. This probably will be enough to get the bill passed this week.

The Repubs may have to add one more trinket, to give them a reason for changing their vote to yes. Don't think they want to give Obama credit for the idea.

[Supersedeas]

10. not that anyone in the Free Ride Black Caucus Bashing media would acknowledge that

[Spritz57]

13. Ahh, the second debate Gore syndrome--bet he makes eye contact too!

B-)

[Ichingcarpenter]

18. What Senator McCain fails to understand time and time again

is that he's not gonna be president, is not presidential and has loss the race.