President Obama is looking into the future expecting billions of dollars lost in Troubled Asset Relief Program. He is working on a plan to cushion this expected blow. He will release his plan on Thursday that will put fees on the countrys biggest financial institutions. It would raise up to 120 billion to ensure the taxpayers that paid for bailing out the banks are paid back. The 700 billion program allowed Obama to ask congress to recoup money if bailouts werent paid back.
I think this is a great idea, and a huge step in paying back this massive bill we needed that put us in debt. The companies that we helped get their foundation back are now strong enough to begin paying back their dues to the people that helped them. Obama did exactly what needed to be done and did exactly what he said he was going to do if the bill wasnt paid back in time. Not many presidents do what they say and I have a little more respect for him now. Our economy is slowly getting better and the taxpayers that helped rescue our corporations in trouble deserve retribution for their contribution to society. Bills are slowly being paid back and only time can tell when we will be in full stride again.
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