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$$700b Package, Can This Really Change The Downturn Of Us' Economy?

Bush wants the 700B $$ to be passed to help giant finacial sectors and the power brokers of the United States, would this be able to save what is staring them in the face?

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The bill was defeated by the house and afterwards went on one day holiday.

Hopefully this will pass and the economy of the world can go back in the green, or at least stay above the water.

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this is an untested water, nobody knows. the consensus is that it would bring back liquidity into the system, by allowing inter bank borrowing to pick up in the short term. At the long run, nobody knows

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Move to the foreign policy board!

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I personally think that sooner or later, the USA will have to cut more money to pay for the debt and this will only devalue thier currency the more, cos there is no way they would be able to pay the debt or even the interest alone, so i am sure soon, they will cut more money to pay for it, but will cost them by devalueing their money.

And i think this will help europe to be more valuable.

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