U.S. President Barack Obama told NBC television journalists from their projections over the next several months. They will be "heavy" for the economy, Obama said, and asked in TV support of both political parties in the Senate hearings on the crisis package this week, reported AFP.
Last week the House of Representatives of the U.S. Congress approved his plan to stimulate the economy, for which allocated 819 billion dollars. The bill was approved despite the objections of Republicans. It is supported by 244 Congressman, against - 188. None of the 178-member House Republicans did not vote "yes".
"I think we will be hard for several months. We must make a plan to rebuild the economy, was approved. We must begin to return people to work" - said the American president.
"I am confident that we can restore our economy on track, but will take several months to ensure that we have stopped falling, and even a little bit more to return it to the track" - added Obama.
New plan to support the U.S. economy include the cost of the federal budget in the amount of 544 billion dollars, as well as tax cuts for Americans and businesses, amounting to 275 billion dollars, like .
In 2008, the U.S. adopted a 700 billion government program to be free of problematic assets TARP - Troubled Asset Relief Program. Half of the funds already spent to support the financial sector is seriously affected by the mortgage crisis.
In fact, the U.S. economy is in a recession since December 2007, and many experts believe that the situation has further deteriorated following the collapse of investment bank Lehman Brothers in September 2008, which led to a shortage of funds in the market lending.
According to a report published last Friday the U.S. Department of Labor, the country's GDP in the fourth quarter of 2008 declined, according to preliminary data, at 3.8%. This is the largest drop in the main economic indicator since 1982.
0 comments:
Post a Comment