Summary
Even though we are going through very tough times right now, Bush is confident that our economy will recover just like it has in the past. The $700 billion bailout was passed by Congress last week and it was immediately signed into law by Bush. "Its very much against my Policy" said Bush. He believes in free enterprise. People who make bad decisions in business should fail. But he said failure would have cost us. The Federal Reserve said on Tuesday about a radical plan to buy massive amounts of short-term debts in effort to break through a credit clog that is taking over the U.S. economy.
Opinion
It shows character that Bush is upbeat and confident but to be honest i don't think he feels some of the people's pain. I also think that its important that the government step in and do something about our dwindling economy. Hopefully the bailout plan works as it is projected to work. I like the radical plan to buy a lot of short term debts to get us out of this credit clog. Because that problem will effect us next year. From the way it looks right now it may be impossible to get a student loan to pay for college. And many colleges credit has frozen already and it is effecting many students.
http://www.msnbc.msn.com/id/27072697/
Tuesday, October 7, 2008
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