$700 Billion Economic Stimulus Bailout Package

If Shakespeare is still alive and recently met Henry Paulson then the question he might ask - is to reach less than $ 70 billion or less than $ 700 billion. On September 26, 166 US economists, including three Nobel laureates, said that his plan is "its subsidy" of the company, and a package of $ 70 billion of his "Golden Man" team We did not demand that we continue to implement. "Robert Lucas, an economist at the University of Chicago in 1995, says," I think we have to make many decisions over the long term and we need to complete these decisions by Friday There is an advantage.

In response to the recession in 2001, President Bush also passed the Economic Growth Tax Relaxation Settlement Law and Employment Growth Tax Mitigation and Settlement Act. He approved a $ 700 billion bailout plan for banks to address the 2008 global financial crisis. Both President Bush and President Obama must face higher social security and mandatory spending on health insurance. Barack Obama: Under the guidance of President Obama, the increase in national debt is the most obvious. He increased by 8.588 trillion dollars. This growth rate is 74%, the fifth largest increase. Obama 's budget includes economic stimulus measures. Increased $ 83.1 billion, due to tax cuts, increased unemployment benefits and funding for public works projects.

President Obama did not use the remaining $ 700 billion allocated to TARP. He does not want to save business. Instead, he presented economic stimulus to Congress. On February 17, 2009, he signed the US Recovery and Reinvestment Act. It has tax cuts that stimulate checks and public works expenses. By 2011, it will invest 831 billion dollars directly into consumer and small business pocket. With this we can finish the financial crisis in July 2009. Many parliamentarians have attributed the entire crisis to Fannie Mae and Freddie Mac. For them, the solution is to close or privatize the two institutions. But if they are closed, the housing market will collapse. They guarantee 90% of all mortgage loans. In addition, securitization, or grouping and reselling of loans has expanded beyond mere housing.

Ten years after the financial crisis, in the face of similar situation, the government is likely to promise financial institution relief. Congress passed a $ 700 billion relief plan during the global financial crisis, but some estimates actually make sure that the US will use, lend, or lend as much as 12.8 trillion dollars to save the economy Indicates that. Although you may not have used so much money directly, the government basically relies on its support to dozens of banks that are considered essential to the US financial system and economy.