Should the Federal Government Provide a Bailout for the Financial Crisis?

Resistance is growing to the $700 billion bailout plan—is it time to wholly rethink it?

By U.S. News Staff

September 24, 2008 RSS Feed Print

While legislators still express confidence that they will enact some sort of bailout package for Wall Street, resistance is growing to the administration's $700 billion plan, especially among Republican lawmakers. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were not warmly received when they testified on the Hill, and Vice President Dick Cheney's visit to House Republican legislators was disastrous. Is it time to wholly rethink the bailout? Should the federal government bail out Wall Street? Post your thoughts below.

Previously: How many strings on the $700 billion bailout?

Tags:
government intervention,
Treasury Department,
Federal Reserve,
Bush administration,
Wall Street

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ummm i dont care.

sarah from pak. 12:53PM May 14, 2010

Why would you call the arsonist to put out the fire. It is the governments fault for getting us here in the first place and I think that we need to take caution in trying to let D.C. fix it. Give the mpney back to the people. NO Bailout.

Sean of MA 3:07PM October 30, 2008

Of course the government should use the 700 as a bail out. The economy has crashed and the only way to fix it is if the Government steps in and helps. The people alone cannot change the governemnt. Large amounts of money are needed to do this.

oppinionated of CA 1:31PM October 02, 2008

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