Ah, everyone loves our flourishing, vibrant economy right now, don’t they? Don’t you go shopping a couple of times a week and buy gas without even thinking twice about it? Eating out eight times a week is the norm for you right? I’m sure your financial life is beyond enjoyable right now and I wish you the best of luck with the rest of your life!
How annoying does that sound? When someone ignores a problem that is clearly present and pretends like everything is fabulous is the type of thing that drives me crazy…doesn’t it drive you crazy too? We all know that the economy sucks right now and that everyone is extremely stressed out about their budgets and spending. So, how annoying would it be if our government took the annoying route and ignored the economic crisis? Our government is elected by us and is meant to serve in the best interest of us. So…that is exactly what the government is doing—helping our economy to the best of their abilities in order to serve in the best interest of the American people. The Rescue bill is a necessary means of government intervention in our economy and without it the government would be ignoring the financial crisis every American is facing.
What does the future hold if there was no Rescue bill and no soon-to-be other stepping stones toward an improved economy? The thought of this makes me tremble. An unresolved economic crisis would result in nothing less than a nation facing a death-sentence.
Without a solution to the economic crisis the credit disaster is going to worsen and the banks are going to remain unstable. If the banks remain unstable this means that people will not have enough faith in the banks to keep their money in them or take out loans. Thus, circulation of money within the United States will slow down an enormous amount. Without a solution to the economic crisis the stock market is also going to deteriorate, leaving the market with worthless stocks.
On a more personal note, unemployment will continue to increase as more and more businesses are unable to pay their employees. Currently, there are 9 million Americans that are unemployed…can you believe this? Imagine if there was even more in the year 2009…without a solution to the economy this will definitely be the case. Also, the housing market will continue to decline because the prices of peoples’ homes are rapidly decreasing as the months go on.
Would you like to see our nation go down the drain simply because our government ignored our please for financial stimulation?
I don’t think so…
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