Word: fixedly
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While Congress bickers over how to fix the financial meltdown, there's a decent chance you haven't even felt it. Why, you may be asking yourself, does everyone think there's such a big a problem when you're still being offered credit cards in the mail and 0% financing at the car dealership? Maybe you used to bank with Washington Mutual or Wachovia and overnight you've become a Chase or Wells Fargo customer, but if your money's still there, why does the rest matter...
...That's not a small consideration - especially when you're looking at a $700 billion rescue package. If your mechanic tells you that it will cost thousands to fix your car, you may reasonably want to know: if I don't make the repair, could I die? Or will the wheel just keep making a funny noise...
...power in the plan. That said, these modifications were not adequate to make up for the many flaws of the bill. For example, there were proposed modifications by Congress to give the money in smaller installments, beginning with $250 billion, still a monumental sum. For a hasty plan to fix the economy with $700 billion of US taxpayers’ money, this was a hasty modification on Congress’s part. Congress should not be afraid to reject Paulson’s flawed plan, as they fortunately have just done in a close 228 to 205 vote. This highlights...
...funds to remove these assets should be given sufficient consideration: Foreign and private investors can provide deep pockets of untapped funding. The bailout will carry with it inherent risks that prevent any definite prediction of its effectiveness. And surely, even an ideal outcome to this rescue effort will not fix all of the long-term issues plaguing our nation’s financial systems. No matter who wins in November, this country will need to seriously reflect on and address the threats facing the foundations of our economy...
...Crimson simply did not play consistently.“We execute pretty well to start the game, but then we didn’t really get ‘em up in the second and third quarters,” Pizzotti said. “So we have to fix some things, come back with them next week…I think the second quarter, they adjusted their defense a little bit…but still, execution on our part.”—Staff writer Madeleine I. Shapiro can be reached at mshapiro@fas.harvard.edu...