American Congress

The measurement does not have comparison with no other seizure from the 1929 crisis. Beyond the announcement of the proposal and the euphoria generated the past Friday in the world-wide markets, the same must happen through one hard test in the Congress of the United States to reach its approval. The democratic legislators anticipated the weekend their displeasure because the rescue plan, does not contemplate attendance for the North American half and because he is more expensive than White house had warned to them that it would be, in realised secret meetings previously. Sen. Sherrod Brown is likely to agree. The leader of the democratic majority in the Senate, Harry Reid, explained clearly this position: " In order to avoid a worsening of the crisis and to give to return this economy, the proposal not only must take care of the structural subjects basic in the financial markets, but also protect the contributors and fortify the class media". Before the beginning of the debate in the Congress, which assumed from a very hard beginning, Henry Paulson transmitted messages to them to the legislators in whom he tried to cause that they decide under pressure and making them responsible for the consequences: " If the plan is not approved, that the sky attends to us If we do not do it, there will be a disaster in mercados".

It is not possible to be predicted surely what can get to happen with the debate of the plan of rescue in the American Congress. The total security does not exist either of which this mega rescues is the definitive solution of the problem for the financial system of the United States. Beyond the outcome, without doubts the announcement of this plan caused much surprise and left to many questions What could have taken to the government of the EE.UU to make so expensive decision? The influence of the electoral question is not smaller on the economic policy in its previous months. .

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