America's economy needs help. Will a $700 billion bailout do the trick?
According to an article posted today, on the Yahoo News website, (http://news.yahoo.com/s/ap/20080920/ap_on_bi_ge/financial_meltdown) the Bush administration asked Congress for the power to buy out assets from the financial institutions who were part of the mortgage meltdown. The plan would help the economy get back on its feet over the next couple of years, but some Americans are not so trusting of the new plan.
Sen. Barack Obama said the plan must be beneficial to the people of our country who are currently struggling with the cost of food and gas. He does not want to continue supporting the corporations who got us into this mess. Then there are the homeowners, who need rescuing of their own. House Speaker Nancy Pelosi said the bailout is necessary in helping rebuild America's economy, but not worth it if it will not help homeowners keep their properties.
While the decision is pending, Americans are paying the price. Gas prices are almost unbearable, and the rising cost of food is only making matters worse. How much longer before our country is out of this slump? This is the $700 billion dollar question.
News Values:
Currency
Timeliness
Impact
Subscribe to:
Post Comments (Atom)
1 comment:
To your list of news values, I'd add prominence. You've named a lot of well-known public figures who are quoted in this story.
9.5/10
Post a Comment