Bailout – Not Enough! Again!!!
The government is trying its best to help the ailing economy recover with the trillion dollar bailout package that was passed by President Obama soon after he took office. The aim was to boost consumer confidence in the economy and to get them to start spending. The trillion dollars is heading out yet improvement is still minimal if there is any to be noticed and yet developers and many other industry leaders are still saying they need more. After all the rate cuts, bailout checks and tax cuts, the economy is still spiraling downhill with not much to show for.
Lawmakers and economic analysts are now saying it was doomed from the start due to the to large and effect is was having on the global economy. With many financial institutions on the rocks, the end seems too distant to become reality yet hope is one of the best weapons people have against the depressing economic conditions that exist today. Hope is needed and should be held tight if we are to survive this recession till it ends and we get back on the road to recovery.