Obama Calls For Bailout Action

By: KAKE News Email
By: KAKE News Email

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Barack Obama said it's time for Congress to take some clear action on a financial rescue for Wall Street.

At a campaign rally in La Crosse, Wisc. Obama warned that the $700 Billion financial industry bailout is not just for Wall Street but to keep the American economy afloat.

Obama spent Tuesday calling rank-and-file Democrats rallying support for the legislation. Obama also has called publicly for Congress to quickly pass the legislation "to prevent a crisis from turning into a catastrophe."

Obama will go to Washington to vote on the legislation later Wednesday before heading to campaign in Michigan.

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