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Bailout Watchdog: Government Bailout Plan Successful |
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Written by Users Idea
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Wednesday, 09 December 2009 |
Despite heavy criticism when the Obama administration announced that they will be spending a whopping $700 billion to help save the economy from further being obliterated by the economy recession, it seems that bailout watchdogs have sung a different tune at this point of the year. Bailout watchdogs mentioned that somehow the government’s bailout plans were successful, whereby it has helped create confidence in the economy, and an all-out panic by consumers was somehow avoided.
Although the government might not stand a chance in recovering 100% of the entire bailout funds in which they have released to private corporations in the country, somehow, bailout watchdogs have mentioned that it is money well spent, since it has helped save the economy from further being obliterated.
Personally, I believe that the $700 billion in bailout money has saved the entire economy. Not only consumers are more confident on the overall economic outcome, this has also helped countless of companies in the country from filing for Chapter 11. Although $700 billion in bailout money is a lot of money, still the positive end results that entail from the bailout program outweighs the odds.
Do you think that the $700 billion in bailout funds, is money well spent?
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