On the six month anniversary of the passage of the bill that created the Treasury Department's $700 billion to bail out the financial sector, the congressional panel charged with overseeing the bailout released a report predicting prolonged weakness for the U.S. economy. (ABC News Photo Illustration)
Financial Crisis 'Far From Over,' Panel Says -- ABC News
Govt. May Spend More than $4 Trillion but Economy Faces 'Prolonged Weakness,' Oversight Panel Reports
Though some economic measures are improving, the financial crisis "is far from over" and "appears to be taking root in the larger economy."
This, despite the government's commitment to spend trillions of taxpayer dollars on a massive bailout of the financial system.
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My Comment: $4 trillion dollars more!!!!! I have lost count on how much has been committed already.
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