Turning to domestic affairs, Mr. Obama indicated that the end was not in sight when it came to the economic crisis and suggested that he expected it could take another $750 billion to address the problem of weak and failing financial institutions beyond the $700 billion already approved. Maintaining support for the additional costs of bailouts is quite likely to be among Mr. Obama’s biggest challenges, given the anger that many Americans feel toward Wall Street executives who they believe are being unduly rewarded with bailout money.
Is this on top of the extra 500 billion that the FDIC wants? Its not clear to me how much more money Obama plans on throwing at this problem in total. The real answer seems to be as much as it takes. But what if it is beyond the resources that are available to save everything and everyone? How long before people start thinking about triage?