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White House Chief Economist: Let the Bailout Work

Started by washingtonindependent · 8 months ago

In what might be a preview of a tough partisan battle ahead, the Bush administration’s chief economic adviser said Wednesday that the Wall Street bailout (the Troubled Asset Relief Program, or TARP) is “the appropriate” strategy to address the nation’s sputter ... Continue reading »

1 comment

  • Meagan

    8 months ago

    I find it interesting to look at a figure such as $700 billion and no longer consider it "that much money." It seems that the federal government is thinking the same thing, too, what with the national debt clock already running at $10.3 trillion and only rising! Times are scary, no? The U.S. economy has surely taken quite a hit over the past few months. Many people are still confused with the state of the economy — and where the candidates stand in regard to fixing it. With a recession and the need for reform on the minds of a majority of Americans, I thought readers might be interested in two non-partisan guides we’ve put together here at Public Agenda on the economy (http://publicagenda.org/citizen/electionguides/...) and taxes, spending and debt (http://publicagenda.org/citizen/electionguides/...). Feel free to check these out and get back to me with any questions. Thanks again for an informative piece!
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