The worsening of the crisis, helped the Fed since it has deepened the economic slowdown (that perhaps will see later) and limited inflationary pressures to the impact on international prices commodity prices (especially for us.UU., of the price of oil). Perhaps the ballot issue has been the factor that gave origin to this mega rescue plan. This is a hypothesis which I think likely, at first didn’t seem a determining factor to carry out this measure. But in the note published in the website chileno, Diario Financiero thereon, where one of the paragraphs stated: in polls, voters traditionally have more trust in Democrats on economic issues, by what the tears on Wall Street should help Obama, makes me think in that the electoral motive could have played a role more important than initially estimated. To make matters worse, John McCain had believed in the words of the Secretary of the Treasury, that the Government had not thought continue to assist financial institutions in trouble. It was then that McCain pleaded in favour of the decision of the Government of George Bush, which involved the fall of Lehman Brothers (NYSE:LEH).
After the unexpected change of opinion of the U.S. Government, McCain had to leave again to justify such action (imagine that you will be asked a Council to Paulson on how radically change your mind in a matter of hours), which has left it not so well stopped. It is clear that the aggravation of the situation of crisis in the U.S. financial system, is clearly a factor that benefits to Barack Obama. The Democratic candidate, not let pass this opportunity to criticize the Republican government and its competitor: is the final verdict of the economic philosophy failed for the past eight years the Senator McCain has supported this philosophy during his 26 years in Washington. We should expect the continuity of events to give a response to the many questions surrounding the announcement of the mega rescue plan. I am inclined to think that the need to put a brake to the continuity of the crisis increased every moment its gravity, at the time of trying to start the road to recovery of the financial system American has been the determining factor in this decision. Time will tell if this was the right decision. You will find us again tomorrow, Horacio Pozzo Autor original and source of the article.