Bipartisan Effort Underway To Revive Economy
January 12, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
President Bush and President-elect Obama are reportedly teaming up to convince members of Congress to release the remaining $350 billion in federal bailout funds from the fall's stimulus.
This week, the Associated Press reported that the two leaders were lobbying Congress ahead of a vote that could take place as early as this week. If released, much of the money would benefit financial institutions that have been struggling to stay afloat since last year.
However, the use of these funds would only be a part of the government's ongoing economic stimulus activities. Obama and congressional leaders have also been developing a separate stimulus plan that could be worth up to $800 billion and which would focus on infrastructure upgrades and environmentally friendly job creation.
Recent reports have suggested that top economists, as well as the Federal Reserve, are pessimistic in general about economic prospects for 2009, with a recovery generally envisioned for 2010.
That said, professionals who choose to equip themselves with MBA degrees will find themselves especially well positioned to attain new career heights when the current federal stimulus efforts become a reality and start to show some results in the form of a stronger job market and overall economy.
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