This is a good suggestion by Obama.

Good suggestion by Obama.

Very bad idea. How is this going to help people with bad mortgages and need to borrow money? We should let the whole economy go down the same way it went up.

McCain will not support this since he has not proposed it.

It helps assure people that more of their money is safe, so they won't go taking it all out of the banks, which is a big part of what causes bank failures. It won't be the ultimate solution, but it sounds like a good addition to it.

McCain; this is a time to come together and not play the blame game... oh by the way Obama and the democrats in congress are to blame.

Obama; Stay calm this bill will pass and here is a suggestion, raise the FDIC insurance limit to 250,000

Ok test time; who is showing leadership? Hint it's not McBlame

Wake up! Good suggestion? How many Americans have 250K sitting in a bank! The problem is we have Billions of $$$ of bad home loans out there, pushed by Freddy/Franny and the Dems! Unless we get the housing fixed, the FDIC can guarantee 1 Million in each account but it is not going to help! Goodness people this problem has been created by years and years of bad lending practice not because peoples bank accounts are not insured past the 100K mark!

Since the beginning of this mess, Obama has put forward several proposals to fix the mess; unless I'm mistaken, I didn't see, read or heard any McInsane's proposal. All he's good at is looking for photo ops in Wahsington, going over there to distract those in charge of this crisis and din't even give any ideas to fix the mess. That's McShame's country first, hight ?!!

On the other side we have a candidate who's proposed very specific proposals to fix the mess. That's leadership and putting country first.

McShame's been panicking from the start of this crisis whereas Obama's showed leadership and confidence.

Copy cat of Jim Cramer's! Cramer suggested FDIC raises to $1M or DOW Jones will drop 2,500 points. Now Obama PLAGIARIZES Cramer's suggestion with $250,000.

This is simply a ploy to appeal to higher income voters. Obama likes to act the middle class champion. How many middle class folks have 250k in the bank? Nevermind that coverage is extended on a per-account basis.

Here's Obama's other angle - soothe fears by shoring up coverage. But if those most fearful are not in need of additional coverage...what use is this? 2 words - government bloat. No thanks - Nobama.

Another way for the Government to bail out the Wealthy.

Does Obama Even have a Clue????????

Tell Me obama to go back under the porch where it is safe.

Since he he not ready to deal with or get involved with the real problems that we are facing.

Great idea Obama! As for homeowners, some of the blame falls on them. Not to say I don't feel sorry for them. If you lost your job and can't meet it, that's different. But if you knew going in questions and concerns about how you were going to pay your mortgage and you can barely pay the rent before. That's your fault.
Now watch McCain try to still this idea!

chuck, many people have over $100k in the bank. It's called "life savings" for many people. My wife and I are in this situation. My parents and my in-laws are in this situation. We are just like everyone else we know.

Obama's idea is a very good one. It's a concrete step that could be taken to guard against a financial meltdown. Increasing the amount that the FDIC guarantees would help to make people feel that their money is secure and would make them less likely to panic.

The problem, by the way, has been caused by massive deregulation of the financial world. If you think that's mainly a Democratic issue, you haven't been paying attention.

On a day that our stock markets lost 1 Trillion dollars lets raise the FDIC are you kidding me.How about getting on a bus,plane,or bike and get you ass to work.Make the phone calls push for this deal to be done beit a republican or democrat plan.Me personally let it crash we will start over again and fix the mistakes of the past.

No BAILOUT FOR THE RICHES. The Dems are in bed with the riches. That's why they want to go along with Paulson (WHO IS CLEARLY IN BED WITH THE RICHES). Down with Paulson. DOWN WITH DEMS & THE RICHES. Let the economy fail then we all go down TOGETHER. I OPPOSE using my tax money to bailout the RICHES who MADE careless lending decisions.

It's also a good idea for small businesses, which was really what Obama emphasized in proposing this. Remember that small businesses employ people, pay taxes, help to grow the economy. It's in everybody's best interest that we should support them. This is an excellent idea.

The problem, by the way, has been caused by massive deregulation of the financial world. If you think that's mainly a Democratic issue, you haven't been paying attention.

Posted by: Alan J | Sep 30, 2008 7:50:08 AM
I think you have not been paying attention if you think this has been caused by the republicans

Rezko is spilling out the beans:

http://news.yahoo.com/s/ap/20080930/ap_on_re_us/fundraiser_indicted;_ylt=AtBTxw5cCgsTmOflgI9UNe9vzwcF

Seems like a good idea to me.

Some people who are posting here aren't taking the time to learn what FDIC insurance means. It has nothing to do with a bailout. It's a different approach altogether.