Federal Bailout and Stimulus Spending1. Stimulus Package from February 2008168 Billion2. Fannie Mae, Freddie MAC200 Billion3. AIG22.8 Billion4. Financial Bailout700 Billion5. Auto Bailout17 Billion6. President Obama’s Plan800 Billion+TOTAL COST = APPROXIMATELY 2 TRILLIONDOLLARSDISCUSSION QUESTION:As most of you are aware, when President Obama assumed office the country was in an economic crisis. Decisive action had to be taken in order to prevent an economic melt-down (recession, depression?). As a result, the U.S. economic stimulus and bailout was initiated. The abovementioned breakdown represents a 2 Trillion Dollar cost for the U.S. economic stimulus and bailout alone! Not to mention that this is just a short-term fix (hopefully to stabilize the failing economy). This money is claims on future tax-payers…you and your children! Considering the country’s current situation, did this effort make a difference? Is the President’s plan working? What is your opinion on this matter? In your discussions, please consider the following:1. Economic Impact2. Your individual rights and the rights of U.S. citizens in general3. Employment Impact4. The Recession5. Consumer Rights6. The Politics Involved7. Global Impact8. Personal Experiences9. Solutions10. What’s The Future?11. Capitalism: Is it working?The abovemention are just suggested considerations. Please feel free to add more.Special Note: Your participation is vital to your receiving substantial credit for your Discussion and Class Participation requirements. Therefore, I expect a very conscientious effort! This question requires research and analysis. ‘Half-hearted’ answers, and excuses will not be tolerated