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Ryan: Federal Reserve action just the latest Obama bailout

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Hitting swing-state Florida again on Saturday, Republican vice presidential candidate Paul Ryan told a crowd of several thousand in Oldsmar, north of Tampa Bay, that the Federal Reserve’s new economic stimulus plan is just another doomed bailout.

“Just yesterday we heard the Federal Reserve is coming with a new bailout,” the Wisconsin lawmaker said, drawing a long chorus of boos from the partisan crowd.

“We don’t need sugar-high economics,” Mr. Ryan said.

The Federal Reserve on Thursday approved a new open-ended stimulus plan, agreeing to begin buying $40 billion a month in mortgage-backed securities until the economy improves.

The latest polls in Florida show President Obama leading Republican Mitt Romney by five points, 49 percent to 44 percent.

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About the Author
David Eldridge

David Eldridge

David Eldridge joined The Washington Times in 1999 and over the next seven years helped lead the paper's coverage of regional politics and government, Sept. 11, and the sniper attacks of 2002. In 2006, he was named managing editor of the paper's website. He came to The Times from the Telegraph in North Platte, Neb., where he served as executive ...

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