In today’s headlines we read that Jimmy Carter says the government’s $700 billon plan to bail out the financial industry is “faulty”.
Given Former President Jimmy Carter’s “expertise” on all things related to the economy, this opinion should sway most people to endorse this huge bailout plan.
The exciting news from the U.S Treasury Secretary this morning regarding steps that will soon be taken to combat the current financial crisis in the United States is a huge step in the right direction.
Even without all of the details of the plan, world markets surged on the news.
While there will be high monetary costs associated with this plan, the net result will be beneficial to markets around the world, American consumers, businesses, banks, and homeowners.
There will be many details to come in the following days, but there is a lot of positive energy with this plan to be excited about.