Industry reaction to Obama plan lukewarm

by Jeremy Holter » Mon Feb 23, 2009 11:09 am

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."

Total Comments: 2

Posted: Mon Feb 23, 2009 11:14 am Post Subject:

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

Posted: Sat Jun 23, 2012 03:19 pm Post Subject: adAhupGxeZGFSnAhoyr

Fidinng this post solves a problem for me. Thanks!

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