Barack Obama: Plan to reverse Economic Slide

Posted by Kshitij Aggarwal at 10:22 AM



Obama has declared to come out with a stringent plan to reverse the economic slide and to strengthen the fallen dollar. His plans mainly mentioned a $1 trillion bailout plan to help reverse the current situation.

Quoting his concern over the loss of 2.6 million jobs last year which was the highest since World War II, manufacturing which is at 28-year low. He also mentioned that is this continues then the unemployment could reach upto levels of 10% which is very high and considering 1 out of every 10 homes wouldn’t have a earning hand, he would do anything to stop that to happen.

Obama’s plans stands at injecting $1 trillion over this year which will help economy, and fulfill pledges. And also mentioned that a second plan would be suggested even before the first one is complete on the intermediate outcomes of the first and anything and everything will be done to help and retain the levels.

 

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1 comments:

  1. Richa said... January 27, 2009 at 10:38 PM

    I think its a gr8 thing that Bush finally left, but i am not the one who would get so enthusiastic by a certain Mr. Obama, though i agree he's young, dynamic and charismatic but still it's too early to expect too much outta him plus he is facing a situation which no US prez has faced since maybe 1929. He should be given some time b4 being so hopeful abt  

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