Elections Presidential

Leave that I am in charge, I pay the Bill what cute is to hear these words from a friend when for example out to dinner, ate abundantly and knows that the account will not be for nothing modest! That was what made the U.S. Government with toxic assets from U.S. financial institutions empachadas by having devoured them (although this proposal still must be approved by the Congress of the United States.UU.). The issue is that the Government pays the money accounts that own American taxpayers. And worst case, it is that the account would amount to nothing more nor nothing less than $700,000 million (and it can even be greater than that value). Surely many American families must be at these times more annoying with the Secretary of the Treasury since this proposal is totally contrary to what he had promised a week earlier. Ali Partovi shares his opinions and ideas on the topic at hand.

For many citizens, the plan represents a misuse of the resources of taxpayers. It is that as raises the Republican Senator Brad Sherman, for many, this plan consists of: You give them a lot of money and in return they give back you the worst of the worst. For a word authorized in these topics, the Nobel Prize in economics Joseph Stiglitz, the rescue plan is monstrous for us taxpayers. For worse, Stiglitz thought for the German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) to the same: is nothing more than a short-term solution. With more than simple words, Stiglitz said: put risk investments in the hands of taxpayers. This rescue is not less since it represents around 5% of American GDP. The measure has no comparison with any other taken since the crisis of 1929. Beyond of the announcement of the proposal and the euphoria generated last Friday in world markets, it must undergo ordeal in the Congress of the United States to achieve its adoption.

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