Goverment Bailout Efforts

The goverment is taking substantial steps to help get americas economy back on track. Every day the our goverment spends millions of dollars to keep banks and buisnesses alive to get americas economy back to where it once was. How much is our government willing to spend? Try 7 trillion dollars. The goverment says that it would not reach that substantial of an amount, but optimist say that the goverment has no other choice but to keep dishing out money to prevent a total collapse in the economy. But the 7 trillion dollars might not seem as bad as one thinks. Government says that a large amount of the 7 trillion dollars is investment, which might help in the long run. 1.2 trillion has already got back to the fed after putting in 1.6 trillion earlier in the year. But as the year moves on, more struggles in the U.S keep developing. Recently the struggles at automaker companies like GM, Ford, and Chrysler have gotten the countries attention and might include even more spending from our goverment. Here is some interesting information of the recent plans by goverment to help save corporate america.

AIG: the government is willing to spend 152.2 billion
Automakers: 25 billion dollars to help transition to more fuel effcient cars
Fannie mae, Freddie mac: Another 200 billion to bailout mortgage finance giants