700 Bn $ bail out request by US president.

The current US financial crisis let the US president to lookout for 700Bn$ bail out package from federal reserve and the Congress.But the question is if the federal reserve and congress approve this bail out amount, who will bear the burden of this bailout? Is it the US taxpayers, or the next govt. Recent survey shows that US taxpayers are very reluctant to bear this bailout, and they are asking federal reserve not to approve it. But US treasury head, Henry Paulson supported this move by the US govt. He said, that the bailout is necessary in order to revive US economy and also the World economy. He further added that the bailout will certainly help the tax payers, will create more jobs in the economy, and will certainly help in streamlining US financial system.


What do u think about the US 700Bn$ bailout plan. Post ur comments below.

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Thanks&Regards,
Mohit Kumar