Op-Ed Rough Take A Look :)

Posted On November 24, 2008

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        The current economy is terrible and going down in our country.  Are we heading in the direction of another depression?  No we are not and there are many reasons why.  The government is doing some things right I think, but other things not so good.  Starting with our bailout plan.  The government wants to give almost all the 700 billion dollars to insurance companies that are failing, isn’t that sad.  Too bad the CEO’s of these companies meet at resorts and take their private flights to get there, ironic I think a little.  But I guess we can think at least the government is doing something.  Though why not put some of that money toward the big three?  The big three of GM, Ford, and Chrysler who have been slowing going under profit over the last four years.  I guess it’s not the governments job to help them even though that will effect how much of our workforce in the country?  My grandpa included has almost all of his retirement in GM, he worked there for forty some years before retiring.  But again why worry about the working Americans who had that money in order to be able to provide for themselves and their families for the rest of their lives.   But I guess despite where I think the money should go, at least it’s going somewhere.  Yes in a way this is a good thing, it helps lead away from a depression, so we shouldn’t worry about the big insurance companies, they wont go under. 

            Your still wondering if it’s a sure thing we aren’t going into a depression?  Well there are plenty of other reasons to mention.  Another reasons we are not going into a depression our economy is too strong now than before.  Last time we had a depression our government and federal Reserve put in new warning signs and blockades for if we neared a depression again.  All these helpful hints are what is helping us now.  The government did something else right.  When they completely screwed us before they felt some remorse to try to keep it from happening again, how great. 

            Well for those who are still worried, I’m not saying that a recession is not in the making.  A recession though is better than depression some people are going to be effected by what is happening in many ways.  A recession though is all part of a cycle in which an economy goes through every so many years, or decades.  Basically when things are bad they will get better and when things are great they will probably get bad, common sense really if you think about it.  Things can’t always be good, or bad some things are constantly changing without our control.

 

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