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Obama sees hope in market rally

Posted by Foon Rhee, deputy national political editor October 13, 2008 06:11 PM

Democrat Barack Obama issued a statement this evening cautiously optimistic about today's rally on Wall Street.

“Today’s developments in the market are a welcome sign that the global economic cooperation we saw this weekend – along with vigorous measures, including plans to recapitalize our financial institutions – are helping to restore confidence in our markets. But the tremendous volatility we are seeing in the market is a sign that we still face significant economic uncertainty. We have not yet solved the financial crisis, and we have barely even begun to solve the crisis facing middle-class families struggling to pay their bills and stay in their homes. So we must move forward, quickly and aggressively, with a middle-class rescue plan that will create jobs, provide relief to families, help homeowners and restore our financial system.”

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