How can we restore our economy?

Early this morning president George W. Bush’s administration revealed a plan that can cost hundreds of billions to buy a bag mortgages. The secretary of treasury, Henry Paulson stated that this plan can out taxpayers’ money at risk. The Bush administration has asked congress to do whatever they can to review the plan and make a decision. This plan has to be good enough in order to really make a difference and make it through congress.

Paulson stated that he has discussed the plan with leaders of congress to expand the program. This plan has to be big enough to see change and protect taxpayer as much as possible. It is the peoples’ money they are putting at risk in the market. Paulson is convinced that this will help families than hurt them because we can’t continue to have financial institutions broke or credit cards frozen. The security of Americans depends on restoring financial institutions. A program like this has to well deliberate because we can’t afford to loose any more money. The program can cost the U.S billions of dollars and that is a big risk to take. Hopefully if everything goes right we can stabilize the economy, the housing system, and our financial market.

http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/financial_meltdown;_ylt=AkkQssFxda24WqyAbHlmWlas0NUE