Do you think the $700 billion bail-out package will help the US economy ??

India
October 14, 2008 9:09am CST
do you think the $700 billion bail out package will help the companies in debt... Will it cover up the losses suffered by common people/investors !!
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3 responses
@ptrikha_2 (45331)
• India
15 Oct 08
Well; it is a bit difficult to ascertain whether the $700 Billion Plan would do all good . It is better to improve the way Financial Institution work and eliminate unnecessary risks . Also,it is also risky that so much Money might increase inflation ;If more currency notes are printed. May be USA 's investments in other countries help it to recover its economy .
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@ptrikha_2 (45331)
• India
15 Oct 08
The bad thing is that some of the companies ' top people who made big mistakes are also being saved .
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@jands1 (835)
• United States
14 Oct 08
As much as it pains me to say, yes, it will in the short term. Economics is one of the few things that connects all humans on earth. What concerns me is exactly where is that $700 billion coming from? It's not like the USA Government has that money. They are 9 trillion in debt already. Happy mylotting!
• India
17 Oct 08
Well if th U.S government can spend $1000 billion in war in Iraq and Afghanistan combined, then they can spend that kind of money on anything. Well they are control th oil supplies in the gulf they will certainly come out of the massive debt very soon!!!!!!!!!!
• United States
14 Oct 08
Personally, no I don't, at least not in the long run. It may help as a quick fix. However, all it's going to do is cause us to lose more money. So many people are without jobs now. The cost of everything has gone through the roof..Many people are barely scraping by. All this bailout did was cause us to spend more money we don't have. They say they aren't going to raise taxes, but if you think about it, how else are they going to get the money. We are going to repay it through taxes. The way the econonmy is now, who can afford to pay more in taxes? Most people can't even pay their house payments right now. My opinion, they made everything worse.
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