Shortly after President Obama was mad president he presented a stimulus bailout plain. The bail out plan was ridiculed. Many suggested it was a waste of time and money. However, analysis of the effect of the bail out package reflects a positive outcome. Bail outs were given to major companies like JP Morgan, Goldman Sachs, and Chase. Without the bailouts evidence shows that the previously listed companies and many more major financial institutions would have collapsed. Profits have already been made from bail out money and several companies that received bailout have already begun to pay the government back. The bail out has reflected a 102 billion dollar difference in profit that the Feds turn over to the Treasury. Profits for the government from the bailout money are made from the securities and shares it purchased to help stimulate the economy. The feds also collected 15 billion in fees related to bail out monies. Many people felt that the bail out was a wasted and tax payers would never see a return of the monies because of major bailouts given to Freddie Mac and Fannie Mae. However surprisingly, Freddie and Fannie have been successful pay back bailout money. Although the average Joe may not see the direct influence or receive direct benefits from the bailout we all are benefiting as a whole. Without the bailout, clear evidence shows we mostly would have been in The Great Depression ll.
Yes the bailout was undoubtably successful, but our country seems to be going right back to where it was now that QE2 is ending it seems it wasn't enough money to pull us out of the whole, but merely a step stool so we could see out. In my opinion, the economy needed more of a stimulus then it got, and we might suffer greatly from only going halfway
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