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What is the connection between the huge bailout in the US and the upcoming elections for a new US president?
Kamuna
Actually there is no correlation between the bailout plans and the US elections. The plans were initiated by president George Bush to help the economy to recover from the crisis. Though he wasnt in the race for the president post, he initiated it and hence there is no basic connection between the two.
Wiki User
∙ 15y ago
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What date was the 700 billion bailout passed?
The bailout was passed by the House of Representatives and signed into law by the president on Friday October 3, 2008.
Is the 700-million-dollar bailout a ploy by the Republican party to try and gain votes in the US elections?
Everything with those people (both parties) is a ploy for re-election.
How did they vote on the bailout plan?
They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets.. Without majority in the house the bailout would not have come into existence
How and when will taxpayers be affected on the bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Who was president during the s and l bailout in 1980?
The savings and loan crisis is documented in Wikipedia under "Savings and Loan Crisis." It lacks a clear beginning date, but if we take a time frame of 1980 to 1990, this would include Presidents Carter (leaving office in Jan 20, 1981), Reagan (leaving office in January 1989), and Bush, Sr. (leaving office in January 1993). By 1980, there were serious problems with the S+L's. Exactly when the problem rose to the level of a crisis is not easy to state, but the use of Federal money to bailout the industry (Resolution Trust Corporation) began in January 1, 1989, so technically Reagan was still President. Thus, it was the Bush administration that over saw much of the bailout by RTC. I believe it was still operating when Clinton came into office in Jan 1993.
What date was the 700 billion bailout passed?
The bailout was passed by the House of Representatives and signed into law by the president on Friday October 3, 2008.
Is the 700-million-dollar bailout a ploy by the Republican party to try and gain votes in the US elections?
Everything with those people (both parties) is a ploy for re-election.
What is joe lieberman's view on bailout?
In 2000,Joe Lieberman ran for vice president on the Democratic party with Al Gore.
What is the financial bailout package crisis?
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
If bailout is passed can bush stay president?
No. President Bush leaves office on Jan 20, 2009. Only 2 consecutive terms are permitted under US law.
How many votes yes for bailout and how many no for bailout?
205 for it and 228 against it.
What were the major economic events 2008?
The Financial Bailout and the Big 3 bailout
What is the latest bailout plan?
The latest "bailout" is the automotive bailout of the Big Three automakers, Ford, GM, and Chrysler. Legislation was introduced on Dec. 8th.
What is Hank Paulson's connection to the US government's 700 billion dollar bailout?
Henry (Hank) Paulson is the Treasury Secretary of the United States. He was formerly the CEO of Goldman Sachs. The massive $700 billion dollar bailout is his plan to help save the failing banks and lending institutions in the United States.
How much bailout money did FORD receive?
Ford did not receive any bailout money.
What made the government consider bailout?
That is why the US government considered the bailout. because we have a sucke !#$$ president thatdont know how to do his jib right so what does he do?............ he drives the us straight down in to the drowned and while he does it he trys to sell and act like he know what he doing, and we all know he dont.
Who asked congress for bailout?
Specifically speaking, nobody asked for a bailout. Out of the options that were considered to revive the economy this bailout was considered the most effective way and hence it came into existence.
