Saturday, September 27, 2008

Whether or not bailout passes, women likely to lose

Not surprisingly, Women's eNews reports that Economists Fear Bailout Could Tighten Squeeze on Women.

If the bill does not pass, and the economy worsens, women will suffer most because they have less wealth than men and are more vulnerable in economic downturns, she said.

If Congress does clear the bill, its high cost will put a fiscal squeeze on government programs that aid low-income people, most of whom are women, she said.

The $700 billion plan would cost roughly $150 billion more than the war in Iraq has cost US taxpayers so far.

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