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Economic Snapshot: Where Else Can We Get $700 Billion?


Our unscientific poll.


So, after Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke answered the burning questions of lawmakers over the proposed $700 billion bailout plan and the President appealed for its expeditious passage, it's almost a done deal.

But according to a recent Bloomberg/Los Angeles Times poll, 55% of Americans would prefer not to see their tax dollars used to stem the collapse of private institutions, regardless of the outcome. Unfortunately, the cost of inaction is too great.

To keep faith with the American people, maybe the government should ask itself, as we have at Minyanville: Where else can we get $700 billion?

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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