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But less than one customer in ten confirmsThis was the era of the dancer of the President Now artists stage and inspired by the street1 Support vocations and fund the trainingInvestors engaged in fifth PAI Partners EUR 5You prepare a second you pinching the noseAt least if the Union meetings repeatedlyLaurence Parisot is expected at the turn5 million spectators in 20 years says the headThe commune of Ixelles and its inhabitants 77Rarely transition will have been as sensitive in the history of the White House. Less than sixty days of his taking office, January 20, Barack Obama broke the silence, this weekend, laying the foundation of its plan to combat the crisis. It has recurred yesterday by announcing new appointments and outline spending cuts to finance his stimulus plan. A way to occupy the field in responding to the criticism on the risk of a "power vacuum". But with the increase in the economic climate, the Bush administration also seeks to multiply the initiatives at the risk of blurring the impact and readability of the stimulus measures.
"Whenever we make an important decision, Barack Obama and his team will be informed", said Monday George w. Bush, implicitly indicating that he does not intend to waive his executive power prior to January 20. In fact, less than a week after indicating that he would leave to his successor the care to dispose of the second tranche of aid of $ 700 billion financial sector adopted in October, Henry Paulson announced yesterday a new assistance plan of $ 200 billion for the financing of small business and credit for consumption, in addition to a purchase of real estate assets of $ 600 billion plan given to the EDF (see above). Formally, these new measures did not begin the second instalment of $ 350 billion of the Troubled Asset Relief Program (TARP) to the new administration. But, after the successive revisions of "Paulson", this multiplication of announcements and signals raises doubts about the coherence of the measures entrusted to the federal authorities, at the risk of complicating the task of the future administration.
Left wing of the Democratic Party.
A priori, the appointment to the Treasury of the pattern of the Fed New York, Timothy Geithner, who has worked closely with Henry Paulson and Ben Bernanke so far, should facilitate the transition. But the left wing of the Democratic Party also believes that its association with the outgoing administration might begin his authority. For the Nobel Prize in economics Paul Krugman, the same phenomenon as in 1932 may occur, when the Democrat Franklin d. Roosevelt had succeeded Republican Herbert Hoover in full depression. "The outgoing administration had no credibility and the new administration did not have the authority." "And the ideological chasm between the two camps was too important to allow a concerted action," said Princeton economist and columnist of the "New York Times". Although Barack Obama has suggested Monday that the worsening of the crisis now requires a plan to revitalize higher than the $ 175 billion he had mentioned during the campaign, the absence of more precise indication has helped to fuel a climate of uncertainty, reinforced by the blur maintained on the date of the expiration of the Bush administration for higher income tax cutsscheduled for 2010. For some, the maintenance of these 2010 tax cuts could be a tactical means of obtaining the accession of the Republicans to a rapid adoption of the "stimulus package" at the Congress. The leader of the majority in the Senate, Harry Reid, the recovery plan proposed by the new administration should be $ 500 billion over two years..
