Tuesday, December 9, 2008
Global Crisis
I find it so unfortunate that emerging countries economies are going to have to suffer because of the global financial meltdown. I think it is one of the worst side effects of this meltdown and one of the less talked about, but for those people that were making 2 dollars a day and now have little hope for raising above their standing this is a catastrophe.
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3 comments:
I agree with you Jake. Perhaps the $700 billion for the financials or the $35 billion for the automakers could be put to better use...
Yes, there are better usages for $735 billion for bailouts in the financials and automakers. However, U.S. money needs to be used to fix the U.S. economy. and when the economy is fixed then we can worry about the rest of the world. I know this is a selfish outlook, but it is reality.
I agree with Foster, but you know what would have been a good idea is to get the money to the root of the problem, these people waho can't pay off their mortgages. I don't know how exactly, but I feel that would work.
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