日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

   

More government bailouts may be on way

(Agencies)
Updated: 2008-03-27 17:15

WASHINGTON - The economy is listing. So it must be time to bail. While there is little enthusiasm for government bailouts in general, voters are increasingly demanding immediate government relief as the economy ebbs.

People leave Bear Stearns on Monday, March 24, 2008 in New York. Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout than was outlined in a JPMorgan Chase & Co. buyout deal a week ago. [Agencies] 

The Fed-engineered bailout of investment banker Bear Stearns and other assistance to financial institutions has further raised expectations. To some, the $30 billion JP Morgan-Bear Stearns deal also raised a fairness issue: Should the government bail out a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes, or caught in other troubled segments of the economy, such as laid-off factory workers?

Members of Congress, particularly Democrats, will press the issue when they return from their spring break next week. Bailout proposals for homeowners abound, including several measures to get lenders to rework home loans. There are also bills to increase federal regulation over the nation's financial system.

"The big thing about the Bear Stearns bailout - if you want to call it that - is that it kind of opens the doors for other types of bailouts like for homeowners and individuals," said federal budget expert Stanley Collender.

"If the Fed is thinking about the business community, the lending community and the credit markets, then members of Congress are tending to think about individuals," said Collender, with Qorvis Communications, a Washington consulting firm.

All three major presidential candidates gave what their campaigns billed as major speeches on the economy this week.

Special coverage:
Subprime Crisis Aftermath
Related readings:
 Weak dollar costs US economy  world No 1 spot
 Bush: US economy in tough time
 JPMorgan to raise offer for Bear Stearns
 Lewis takes $1b hit from Bear Stearns
Democratic Sens. Hillary Rodham Clinton and Barack Obama both called for direct federal intervention to help burdened homeowners. Sen. John McCain, the certain GOP presidential nominee, has called for caution.

Clinton wants a $30 billion fund for states and communities to assist those at risk of foreclosure. Obama is pushing a $10 billion relief package and a simplification of the tax code to allow more families to claim a mortgage income tax deduction.

McCain said that, while he would evaluate various rescue proposals put forth, it is "not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." He previously proposed cutting the corporate tax rate to 25 percent from 35 percent and making permanent the Bush administration's first-term tax cuts, cuts he initially opposed.

Budget hawks can only cringe at the raft of possible bailouts and expensive new federal programs that may be coming down the pike.

   1 2   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 日本无码欧美激情在线视频 | 在线观看av网站永久 | 欧美交 | 天堂久久久久久中文字幕 | 亚洲欧美视频 | 好男人www. | 日本欧美中文字幕 | 欧美日本高清视频 | 一级毛片免费视频 | 成人性生交A片免费看麻豆 色倩网站 | 亚卅毛片| 天天插天天操 | 久久中文字幕一区 | 亚洲第一女人av | 91极品在线 | 一级色毛片 | 91精品久久久久久综合五月天 | 一级黄色片武则天 | 欧美很黄视频在线观看 | 国内成人自拍视频 | 老色鬼久久AV综合亚洲健身 | 不卡久久 | 久热在| 中文字幕视频一区 | 丁香5月婷婷 | 色综合久久手机在线 | 国产一区二区三区久久 | 羞羞视频网站在线看 | 精品国产一区二区三区性色av | 99精品国产高清在线观看 | 黄视频网站在线 | 日本免费观看网站 | 亚洲综合一二三区 | 久久青| 九九九国产在线 | 一级毛片看真人在线视频 | 日韩 第一页 | 欧美video巨大粗暴多人 | 国产高清精品一区二区三区 | 大蕉香蕉久久爱 | 日韩精品成人 |