ARGUMENT/PERSUASION ESSAY

Argument/Persuasion Essay

Argument/Persuasion Essay

Introduction

When there is a problem, there is an answer. The amount is even higher at 850 billion! 250 billion was used immediately to save the financial institution debt. 150 billion is used to reduce taxes and help people who could not pay their credit debts. This bailout is intended to strengthen investor confidence and avoid the constant fear of leaving the global financial market, product prices stable, which prevents the sale of goods by the bankruptcy of Lehman Brothers, prevent crises from becoming the financial crisis and avoid the vicious cycle of financial crisis and the economic crisis. (Carney, 2008)

Bailout the government will benefit the economy

The disadvantages are also obvious rescue. The reason it takes two times to vote for the bailout should go to the rejection of public opinion. And that is why Bush has called the "rescue" instead of "ransom". Many people believe that their rescue plan is that waste of taxpayer money to pay the debt of magnates and brothers and sisters in the older economic system is to the advantage of Wall Street rather than recovery of the U.S. economy. "(Carney, 2008) When the Japanese economy has suffered from depression, the Americans" propose "the Japanese government to ransom, because" free market "is to end the 'survival of the fittest." However, when the financial crisis reached Join U.S., our government spends huge bailout for Wall Street. Hundreds of economists to boycott this bailout because the content of rescue is unclear and could cause adverse effects. (Jaffe, 2008)

They think that this bailout is more like a financial compensation that could give rise to a cause rather than long term business relationship effect. (Anonymous, 2008) This financial crisis is ongoing, and no one knows how long it will continue, perhaps for several months, perhaps longer. Some economists ...