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Industry reaction to Obama plan lukewarm

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Because several months of hugely expensive government effort has done little to fix the broken economy, the reaction to President Obama''s $75 billion foreclosure-prevention program yesterday was mixed.

"Doing nothing is not an option," said Philadelphia economist Kevin Gillen. "But doing anything and everything isn''t necessarily better than doing nothing."


Added on: Mon Feb 23, 2009 11:09 am by : JeremyHolter
Jeremy Holter
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I dunno friends but I'm skeptical about printing more money to stall the ongoing crisis. Mindlessly minting money would further lower its value & there would be a time when the green bill wouldn't worth much than a piece of paper. I fear that by doing it we are actually pushing ourselves towards greater crisis in the future. Please, share your ideas in this regard.

~Jeremy


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