Obama Says He is Inclined to Support Bailout

By: Associated Press Email
By: Associated Press Email

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Democrat presidential nominee Barack Obama says he is inclined to support a proposed $700 billion bailout of Wall Street being negotiated by lawmakers.

Obama says a tentative agreement reached early Sunday includes
several principles he proposed, including increased oversight, relief for homeowners facing foreclosure and limits on executive compensation for chief executives of firms that receive government help.

Obama says he is unhappy about the agreement, but says it is
necessary.

Obama said he is inclined to support the bailout plan because he
believes Main Street is now at stake. Obama spoke in an interview
on CBS' "Face the Nation


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