Tuesday, February 10, 2009

U.S. Treasury Secretary Timothy Geithner announcing a new financial stability plan

Best of Luck and God bless ~ May God strengthen you that all the speech and the belief will not be trampled by massive manipulation.



U.S. Treasury Secretary Timothy Geithner outlined the first phase of the Obama administration’s economic recovery plan Feb. 10. The plan is fairly orthodox, even though its scope is vast. It might even prove profitable for the government.
Analysis

After three weeks in office, U.S. President Barack Obama’s administration outlined the first phase of its economic recovery effort Feb. 10. The plan at present requires no new actions or money from Congress. Instead, it relies purely on existing legal frameworks governing the Treasury Department and the Federal Reserve System, as well as authority and funding obtained by the Bush administration from Congress. The stimulus plan before Congress is another ball of wax completely, and if adopted, it would be the second leg of the administration’s anti-recession efforts.

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