Bank Bailout & Stimulus Spending: dynamic duo, or evil twins?
On trial today: the government’s response to the financial crisis. The White House is officially evaluating the $800 billion stimulus program. Government’s conclusion: it worked! Voters disagree. And the TARP — better known as the bank bailout — ends this weekend. Government’s conclusion: it worked! Voters… well, you know.
Also today, the White House announces new fuel economy standards for 2017 through 2025. The tougher standards should be a boost for hybrids and electric cars. Speaking of which, Nissan’s new electric car, the Leaf, goes on sale in December. There’s a waiting line to buy one. But there’s another way to drive one.
Missed any of the business news this week? Here’s all the important stuff in a rhyming 60 seconds.
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