It will be a fight indeed, the fight to fix the US’s struggling economy. President elect Obama has begun putting together his economic team who would form his cabinet and advisers as he prepares to take office January 20, 2009 in what would be hailed as the most expensive inaugural event ever dwarfing the budget of previous presidents. His team is working to boost the reach of the bailout proposal which is to be used by them to re-structure and fix the economy. Vice President Biden is also hard at work trying to lobby for the proposed additional money from the Federal government but they are in for a rough ride.
News of misspending of previous bailout funds are starting to surface and congress won’t make it easier this time for the new presidency. They are trying to get the money out of the banks and into the pockets of the ordinary American as fast as they could. Just hope it comes in time to make a difference for people are still losing jobs, homes and just about everything in what has been seen as the worst economic conditions since the Great Depression.