Friday, October 03, 2008

The Oval Office and the Wall Street Bailout

The White House: President George W. Bush has stated the following on the passage of the Wall Street Bailout, " Americans should also expect that it will take some time for this legislation to have its full impact on our economy......it cannot be accomplished overnight. We'll take the time necessary to design an effective program that achieves its objectives....But with confidence and leadership and bipartisan cooperation, we'll overcome the challenges we face, return our nation to a path of growth, and job creation, and long-term economic prosperity. ..." The question that has to be asked, what if the bailout is not enough, what if Bush has to come back to ask for more money, and on the other hand, will more regulation of Wall Street cause the USA to take less risks on the economic front, thus the power house of the market wont run at full stream, while the USA has a recession, the rest of the world will have a depression.

No comments: