American politics saves american economy?
The great plan og rescue
Today the american politicians have argeed on at plan to rescue the american economy from capsizing. It is a plan that means that the american state will buy up bad morgage loans for a amount of 700 billion dollars. This is a staggering amount of taxpayers money to throw into the private sector if you ask me
Will the plan solve the problem then?
The great question is if this plan will solves the financial troubles of the american economy. Experts are sceptic, as they belive that the financial support wont be enough to solve the problem. They belive that the money needs to be follow up by weighty legislation, that sets up boarder for the private sector.
The land of the free…
America has always been known as the land symbolized with liberalism and capital markets. This “brand” does not go all too well along with a strict financial politics regulating the private sector to an extent that is this extreeme. Also it look as if USA will looses its image as that financial center of the world.
Who is to blame
I my mind this is the great question. I truely belive that the american politicians, who that past two week have been busy blaming the bankiers for irresponsible conduct, must look inward and take responsible for not having responsible financal politics.