Sunday, October 5, 2008

The rescue plan.

I'd like to relay my thoughts on this.The bailout plan changed from a rescue plan to The Emergency Relief Act of 2008. The bill mushroomed from a little over 100 pages to 451 pages with addedums for various tax credits. The actual bill has not yet been published on line, but the attached is what I gleamed from published information and commentaries. Naturally, this is going to cost the taxpayer a lot more than $700 billion. The number of additional people that will be employed by this is staggering. This government employment alone might reduce unemployment, at least in the Wall Street sector of the economy. If you have further information or thoughts on this, please share.

No comments: