A Plea To President Obama: Don't Bankrupt America

by Sarah van Gelder

President Obama's massive giveaway to Wall Street threatens to bankrupt the federal government and undermine the agenda that got him elected. Here are some first steps needed to change course.

Dear President Obama,

I'm getting a sinking feeling. Watching your appointees' latest bank bailout makes me wonder if all your administration's good work on health care, education, and jobs will be swept away by the extraordinary giveaway of trillions in taxpayer money to a group of powerful Wall Street operatives, who appear willing to bankrupt our country to continue building their wealth and power.

Could this be happening on the watch of someone who, like yourself, came to Washington with the promise of personal integrity and a concern for the common good?