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Good or bad can come from bailout rejection
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Frank Cotolo
29 Sep 2008 |
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WASHINGTON, D.C. - When the President's bailout plan was rejected by the
legislature, many economists ran to their legal pads to make notes on the
possible economic impact. Also, many people who weren't economists and did
not have legal pads began to speculate.
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With only weeks left until the Presidential election, both candidates were
also speculating what would happen, as well as what to do about whatever
happened.
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A spokesperson from the Barack Obama camp said, "Mr. Obama wants to do
something about all of this and if he becomes President, he will. Right now
he is thinking that there can only be something done about this when something
occurs from this."
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The Stock Market took an historic dip after the bailout plan failed.
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"Mr. McCain," said someone from the John McCain camp, "is sorry that nothing
came of the bailout. He feels the bailout could have made something better
but even members of his own party disagreed, thinking the bailout would do
more harm than good. Mr. McCain is definitely for more good than harm
coming from any of this financial turmoil."
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A spokesperson from the Barack Obama camp replied to the McCain camp by saying
that Mr. Obama "wants good than harm to come from any of this financial
turmoil even more than Mr. McCain wants it."
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The McCain camp disagreed, responding to the Obama-camp response by saying,
"Mr. Obama isn't experienced enough to want good than harm to come from any
of this financial turmoil even more than Mr. McCain wants it."
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Both candidates' camps went to their corners to come up with exact numbers
to indicate which candidate wants more good to be the result of the current
financial crisis. Meanwhile, everyone awaits to see if further damage
occurs during this week.
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