Posted By Chaoran Hu
Government plays an important role in the financial structure and economy. All the government acts will more or less affect the economy. However, in a 60 minutes interview of Barack Obama. When asked about the financial crisis problem, he argued that the problems were caused by the deregulations. Actually, Government is also a victim of the economy recession.As Bloomberg recently updated, after the Federal Deposit Insurance Corp announced that they will mange the so-called bad bank plan so that the Obama administration is likely to set up as it tried to break the back of the credit crisis. Meanwhile, the U.S. stocks gained, since this act boost the confidence of the government. The Standard & Poor's 500 Stock Index rose 2.2 percent to 864.25 as of 11:48 am in New York. CitiGroup Inc. which has fallen 47 percent this year climbed 18 percent.Since government contributes to the economy changes, it now has to take lead of the economy; the only one who can rescue the economy recession is the government. The government will assist to boost the economy for the next couple of years.
Sources: U.S. Treasuries Drift Lower Ahead of FOMC Statement http://www.economicnews.ca/cepnews/wire/article/220579
Obama Says Not a ‘Moment to Spare’ on Stimulus Plan
ReplyDeleteAnalysts Predict: Your Financial Savings Will Be Gone In 12 Months
BREAKING NEWS: Analyst predicts the fall of the US Dollar within 12 months
Let’s face it.
The US is no longer the power house and it once was.
We already have more problems than we can handle across the border.
Not to mention the unemployment rates rising.
Now all these things are NOTHING to what’s going to come next.
You see the US Dollar itself is going to collapse.
>>[Watch This Video To Learn More]<<
The downtrend has been clear since 1973.
Now we’re on the verge of total financial meltdown.
And the worst thing is…
We cannot stop or avoid it this time.
>>[Watch This Video To Learn More]<<
Make sure you watch that video before it’s taken down by the government.
This is serious stuff and you need to share it with your friends and family if you truly care about their safety.
Speak soon.
[Mr Mark Fidelman]