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It will solve the economic crisis that has affected the US and the whole world
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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.
Where did the 700 billion dollar bailout come from?
For Vietnam, that wasn't a bail out; that was defense spending. And US tax payers pay for everything.
Why did the Senate approve the 700-billion-dollar bailout in the end?
Because our free market has failed, our republic has failed, and the will of the people is ignored by a corrupt government.
Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
Should the US government cut spending after the 700 billion dollar bail-out goes through?
If the bailout package is able to successfully revive the US economy then the US government should cut spending on the bailout. But some financial experts feel this 700 billion may not be sufficient. If what they predict becomes true then the government would have to pump in more cash into the bailout package. This bailout cannot be left in midway because the future of the world and US economy lies predominantly on this bailout and people are hoping that this works out successful.
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.
What is the cost of government bailout?
Congress says 700 billion dollars, but no one knows for sure.
Do Americans have any vote in this 700 billion bailout?
Directly NO Indirectly YES (Because the people elected by the citizens of USE were the ones who created this bailout plan)
Where did the money miraculously materialize for the 700-million-dollar bailout in the US?
It comes from the US Treasury...
What does John McCain say about the US government's 700 billion dollar bailout on Wall Street?
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.
How will the US government's 700 billion dollar bailout affect the GDP and the unemployment rate?
It is unclear the affect the bailout will have on GDP and unemployment. GDP growth has the biggest impact on employment so how the economy responds to the bailout is the critical factor, If credit markets loosen up and credit begins to flow again it will have a very positive impact on GDP growth. In that instance the impact of the bailout will be a reduction in unemployment.
How did the president overrule the Senates vote on the auo bailout?
The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.
