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Will Obama’s package go through?

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The package

President Obama has taken steps to safe American economy. He wants to pass a financial package with a value of 825 billion $, that is supposed to safe the American economy. The wolrd’s biggest economy is in knees, and it needs a magic touch to get back on a stedy course.

Will it get passed?

Obama is dependent on the support of the house of repræsentatives. Obama does himself believe that the bill will get passed, and one could wonder if any member of the Rebublic party would dare not to support this bill. I mean, who wants to be the one, who caused that the American economy to not get back on its feet.

Stock market

If the bill gets passed I wonder if it will have any influence on the stock market. There is a chance, that the market is expecting that the bill will be passed, which is why I also believe that it will be a disater if the bill do not get passed.

Something must be done

People have been out saying that the succes of this financial package is depending on psychology. The american population needs to believe that the package will help, otherwise the effect will be nonexistent.

Written by admin

januar 28th, 2009 at 9:01 pm

Posted in economics

Tagged with , ,