Bailout Plan. The United States economy is going through an economical crisis. Today, it is harder for businesses to get a line of credit from the bank.

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Kiet Le Le 1

Professor Miller

English 1101

Oct. 15, 2008

Bailout Bill Benefits

The United States' economy is going through an economical crisis. Today, it is harder for businesses to get a line of credit from the bank. This is particularly awful for those who are trying to establish a business for the first time and need a loan. Everything in the economy is interconnected, and when something gets interrupted and cut off, it may damage a great deal of other things. To save the economy from this predicament, the United States Treasury developed the Bailout Plan. There is a huge controversy to whether this bill should pass or not. Positively, the Bailout Bill will save student loans, help homeowners, and curb unemployment rate.

According to an article by the FOX News network, President George W. Bush stated that the credit crunch is threatening the availability of student loans, and in Bush's weekly radio address, he quotes "A slowdown in the economy shouldn't mean a downturn in educational opportunities." Bush also stated that the Education Department was stepping up efforts to make loans directly available to students. President Bush signed