Tuesday, February 3, 2009

Update for the research assignment

Recently, President Barack Obama held his first news conference since taking office this past Janurary. The conference discussed the issues of the economic crisis, the worst financial crisis since the Great Depression. Obama claims to have a solution to the problem as his administration have prepared a rescue plan for the middle class. The U.S Govt. also extended a helping hand with 13 banks being spoon fed money to keep the currency flowing in the nation. This act will extend through Oct 30 and help look to help straightn the crooked society that we live in. Many other plans are being put into affect to help with people getting loans, jobs, houses, and any other aid that's needed to help you live an atleast decent life.
Other countries that will be included in this bail out plan would include countries such as Australia, Brazil, Canada, Denmark, England, the euro zone, South Korea, Mexico, New Zealand, Norway, Singapore, Sweden and Switzerland. Japan is thinkin about joining the extension but their answer wont be finalized until their next policy meeting.

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