Much is the fury of American citizens when they find out that companies who have benefited from the many bailout funds have continued to issue bonuses to their top management and staff in spite of their company’s dire needs. Fury is well founded for many of these firms have just brushed off collapse if it were not for the bailout funds the Obama government had released. There have been calls for investigations and hints to these people to return these funds for the taxpayer will not stand for such reckless behavior. President Obama has raised alarm over news that even the law or the bailout measures had work-around’s built into them that allowed such acts to go on right under their noses.
The president has been hard at work to try and fix the economy as it is and with little to go on. He has to convince congress and the senate to pass bills to release funds from the federal reserve to fuel the economy as it tries to recover. Estimates to the amount of budgetary deficits they will incur for the year, a couple of trillion dollars at least and that’s not the end of the story for the recession is far from over.