Tuesday, February 10, 2009

"Bailout" vs. "Stimulus"

We know the difference between the mind-boggling bundles of cash we're talking about, right?

"Bailout" = $700billion given to Treasury (originally under Hank Paulson) to bailout financial services companies.

"Stimulus" = $800billion bill just passed by House and Senate, comprised of spending and tax cuts, meant to "stimulate" the economy-at-large. AKA "Recovery Bill" or "Rescue Bill".

All clear?

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