By Mark Silva,The Swamp
The Salesman in chief comes to primetime tonight
President Barack Obama,ready “to go at it”with a news conference timed for prime-time television tonight,will make an appeal for bold federal spending and action in the face of a persistent economic crisis.
The presidential news conference arrives as the Treasury Department announced a strategy this week for relieving banks of bad debt clogging the credit markets,a move that rallied Wall Street with a nearly 500-point gain in the Dow Jones Industrial Average on Monday.
Yet the architect of the plan,Treasury Secretary Timothy Geithner,has faced increasing criticism from Congress over the nearly $200 million in bonuses that American International Group paid its executives after collecting nearly $200 billion in federal bailout funds.