Monday, February 2, 2009

Huffington Post...Post

When the banks first bailout plan first hit the ears of the public, it was strongly denied. When the plans for a bailout hit congress, just like with the public, it was turned down; consequently, as it was rejected, the stock market all but crashed. This prompted a second appeal to the government to allow the bailout plan. Once the banks received their billions of dollars, they slowly crawled back to their status as wealthy banks. Now, though, the bailout plan has not done enough. According to Arianna Huffington, the plan for the bailout was not enforced nearly enough to keep the crisis at bay. She says “If you jump halfway across a chasm you fall into the abyss.” implying that the job to solve the bailout problem was only half met. I agree with her that because of the economy problems we have today that a special cabinet in our government should be created in order to address the problem. How would society benefit from having a cabinet full of economy experts in the white house in your opinion?