TRACY's Hotels and Movers Blog » Economy http://tracyrusso.com Wed, 09 Dec 2009 16:49:00 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Obama lobbies for the second half of the $700 billion bailout http://tracyrusso.com/obama-lobbies-for-the-second-half-of-the-700-billion-bailout/ http://tracyrusso.com/obama-lobbies-for-the-second-half-of-the-700-billion-bailout/#comments Mon, 12 Jan 2009 07:02:33 +0000 admin http://tracyrusso.com/?p=32 The economy has not recovered yet despite of the $700 billion bailout last year by the Bush administration. The President-elect Barack Obama will inherit this mess and his aides are lobbying to release the second half of the Treasury’s $700 billion.

I believe that this will now be easy to do for the Senate is controlled by the Democrats. They can ask for a formal request for the $350 billion to be made by President Bush.

Is this bailout really going to alleviate the problem of our economy or it is just a temporary patch of the hole of the bigger problem beyond the financial experts?

]]> http://tracyrusso.com/obama-lobbies-for-the-second-half-of-the-700-billion-bailout/feed/ 0