Submitted by Yi-Wyn Yen03.16.2009
Thunderdome
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News149027Salesforce's
This prediction is closed and has been judged.
President Barack Obama is concerned that public sentiment is souring on bailouts for financial institutions. The latest outrage centers on $175 million of U.S. taxpayers' money spent on bonuses for American International Group executives. AIG received a $170 billion bailout from the federal government.
Obama has signaled that another bailout on top of the $789 billion stimulus package appoved in February will be necessary to stabilize the U.S. banking system. But the backlash against Wall Street may make it increasingly difficult for Obama to win over public approval and Congress.
Prediction: President Barack Obama introduces a second stimulus package by October 1, 2009.
Price History
Prediction Statistics
| Betting Closes: | Oct 01 2009 | Current Consensus: | 7.59% | Total Bets: | 29 |
| Today's Change: | 0% | ||||
| Life Time High: | 62.25% | ||||
| Life Time Low: | 7.59% |
Comments
This declined slightly today.
I am wondering if the administration would try to push something through that wasn't labeled "stimulus." It would be extremely difficult, considering public anger and the next round of congressional elections are coming up, and incumbents will be treading carefully.
Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard
Judged negative.
Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard
twitter.com/ilamont
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