Now yes us.?UU. can you lead the recovery of the world economy? Buenos Aires, Argentina 11 of February of 2009 is essential that every American understand that the battle for economic recovery must be fought on two fronts. We have to start creating employment and private investment, and we must do the credit flowing again to businesses and families. Words of the Secretary of the Treasury of the United States.UU., Timothy Geithner, to announce the new plan of bailout for the banking sector. Yesterday two good news emerged from the United States: the release of what has been called the financial stability Plan announced by Geithner and the package of economic stimulus (called U.S. reinvestment and Recovery Plan.UU.), but the markets did not react as expected and closed in red, in one of the worst days of the year.
In the United States.UU. the Dow Jones lost 4.6 per cent of its value, S & P 500 closed down 4.91% while the Nasdaq did 4.2% in red. The little information, mainly related to the Plan of financial stability, where for example, not stated how much would pay the U.S. Government for the toxic assets, generated a great disappointment in the stock markets, a bad start for a plan that seeks to change expectations to restore economic growth. The economic stimulus package, for his part, which includes a total amount of US $838.000 million, was not easy to them and was adopted by 61 votes in favor and 37 against (just one vote more than necessary so that it is adopted).
Now subtract that you between the Senate and the House of representatives is consensue end Bill. The differences between the programs of economic stimulus approved by both Chambers are found mainly in the destination of these funds. While the lower House approved tax exemptions for an amount estimated at US $182.300 billion, the Senate included in draft who just approve exemptions amounting to US $292.500 million.