Is Obama’s cash advance actually working?

The bailout mission

When President Barack Obama signed his mega stimulus package in February, it was nothing less than a big cash advance for 'keeping the American dream alive in our time.' Since then, Mr. President has left no stones unturned to bring the economy back on track. Plan after plan has flooded from his desk to push the economy out of the mess.

The latest, of course, is the plan for toxic assets. The plan, which involves private-public participation, aims at creating some liquidity for about $1 trillion worth of toxic assets. These assets have not only burdened the banks for quite some time now, but are also hindering the confidence of the global financial system. But the million dollar question remains, are these plans really working?

A confident President

Well, Mr. President certainly believes so, though he also admits the fact that it definitely needs more time and patience. In a recent news conference, President Obama said, "It's important to remember that this crisis didn't happen overnight and it didn't result from any one action or decision. It took many years and many failures to lead us here. And it will take many months and many different solutions to lead us out." Yes Sir! That's true for sure.

However, it is possible only when your cash advance flows in the market enriching its liquidity, and not when it just enters the deep pockets of top executives as bonuses. But then, considering it as just one of its own kind, one must set it aside and evaluate all other aspects of the stimulus package before passing any opinion. ... click here to read the rest of the article titled "Is Obama's cash advance actually working?"