0
What does John McCain say about the US government's 700 billion dollar bailout on Wall Street?
Wiki User
∙ 15y ago
He would do anything in his power to save America's economy. This contributor feels that Barack Obama's remarks about the $700 billion bailout were positive but incorrect.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoHe is agreeing with the idea. He wanted to reschedule his meeting on Friday Sept. 26, 2008. He is agreeing with the idea. He wanted to reschedule his meeting on Friday Sept. 26, 2008.
Add your answer:
Earn +20 pts
What does mind-boggling mean?
A concept or situation that is hard to understand because of its hugeness or outrageousness. For instance, the government bailout of wall street banks cost seven hundred billion dollars. That is mind boggling.
Does Wall Street Journal still endorse McCain?
iub
Did the Republicans support the Wall Street bailout?
No after Americans tore it down it became the stock exchange
How much money has George Bush said the wall street bail out plan will be?
The initial bailout plan was for nearly $700 billion. The latest stimulus package is another $250 billion The aim of the bailout plans, stimulus packages etc are to purchase bad assets, reduce uncertainty regarding the worth of the remaining assets, and restore confidence in the credit markets. Below are some reasons for such packages: 1. To Stabilize the economy 2. Improve Liquidity 3. Improve Investor Confidence 4. Reduce the impact of the financial crisis on the US Economy and GDP.
How much money would the bailout plan need?
There are 9.4 trillion dollars in sub prime loans. Present plan is to give $700 billion (not million) to wealthy wall street banks as a gift. But this is might take 14 more bailouts to buy all the subprime bad investments. By then, inflation will have taken over the economy, the dollar would be worthless, and gasoline would have tripled. The U.S. House of Representatives has passed the revised version of $700 billion bank bailout plan intended to bolster the ailing U.S. financial system.
Are there any people or organizations that are actually unhappy about the US Government bailout?
Yes; there is a whole bunch of people who are unhappy about the bailout. Their argument is simple: Why must the government spend the taxpayers' money to help clear up the mess made by the financial gurus of Wall Street.
What is the 700 billion dollar bailout?
The answer that Warren Buffett gave on CNBC the morning of Sept. 24, 2008 makes sense to me. The bottom line? The bailout is necessary and will probably end up making money. This answer surprises most people and here is the reason. First, the word "bailout" creates the wrong mental picture. Bailout sounds as if the government is going to dip into an existing pool of money, thereby depleting our resources, then give it to individual Wall Street firms as a business grant. This is not what is happening. The 700 billion dollars is not an expenditure at all, it is instead an investment for asset acquisition. The money will be used to purchase existing assets at currently depressed prices and later sell those assets at higher prices. This is why Warren Buffett said on CNBC that he wished he personally held the cash to do this for himself. Only the government, however, has enough capital to do this deal. The deal, however, is attractive as a pure investment.
How many street lights are there in the world?
It is difficult to estimate the exact number of street lights in the world as it varies greatly by country and population density. However, it is estimated that there are over 300 million street lights globally.
How many street in the name of gandhi?
Approx 1 Billion
Why did angry greek citizens storm into the street in 2012 to protest?
The government of Greece agreed to a bailout plan that required it to nearly double the tax rate for most citizens.
Federal governments will take charge of the street construction in small towns?
false
How much did taipei 101 cost?
NT$ 58 billion (USD $ 1.80 billion) more than your mom costs on the street
