Is the 700 Billion Dollar Bailout Necessary and its Meaning to the Taxpayers

Taxpayers, specifically those from the US, will be those who will be very much affected in this $700 billion bailout. Inflation will be the ultimate effect; the prices of the basic items like food will go up. There will be no more new credit to be extended to the American people. This will only give liquidity to the bank in the market. Further there will be no more new jobs that will be created.

In simpler terms, nobody will really know if it right or wrong until it is too late, though I hope the future won’t turn out to be a disaster.

Just watch the video to learn more about this bailout...

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