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Issue:

American History

 

Written by:

Anonymous

 

Date added:

December 11, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 392

 

Was viewed:

3535 times

 

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Essay content:

Summers, director of the White House’s National Economic Council, said that the president was attempting to strike a balance between tax cuts and longer-term initiatives in the bill, like spending on renewable energy and college tuition assistance. President Obama has pledged that three-quarters of the fund will be spent out in the first 18 months, Mr...
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Summers said in defense of the plan. “We believe that this is a properly sized approach to move the economy forward,” he said. He also said that there might be additional assistance to banks beyond the $700 billion Troubled Asset Relief Program already approved by Congress. Of Mr. Obama’s plans for how the next $350 billion of TARP funding will be spent, he said, “It’s going to be very different than what you’ve seen so far,” with an emphasis on transparency, accountability, and “getting credit flowing again...
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