The Economic Plan and Reactions
Needless to say, the Regulatory Plan laid out by Secretary of Treasury Paulson is the talk of the day. It didn’t slide onto the scene without a few questions and some potential opposition.
Many of Wall Street embrace the “fix” but the plan has left some states in frustration and anger, and has raised questions by many as to how the plan will help the consumer.
The answer is simple. The plan may have merits somewhere, sometime. But, it does nothing to “fix” the current economic crisis on Wall Street or Main Street. In fact, it does little to alleviate the woes of the everyday citizen in the future.
According to many sources the new Treasury Department plan that consists of 218 pages, and will be under attack for months before any of it can be implemented, does nothing to help consumers.
Senator Chris Dodd, the people’s senator, has stepped up first to question the benefits of the plan as it pertains to Main Street.
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