Barney Frank has informed folks in the Media that Bush has agreed to include mortgage aid and strong congressional oversight in the bailout plan.
Of course, the devil is in the details. However, if Frank did in fact win this showdown, it will be a big victory for Obama as all the Democrats coalesced behind him on this issue. Special kudos to Hillary Clinton who was the first major politician to point out how Main St. is being left behind by the current Paulson proposal.
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We need to see more details as events are fast moving. However, it appears to me that Obama and his impressive economic team, as well as Democrats on the Hill (plus Bill Clinton) have made a point that resonates with voters and has moved the debate towards helping the middle class.