The Economy
By mrhanke01
@mrhanke01 (47)
United States
October 16, 2008 9:08am CST
As I have been watching the marketssince the bailout was voted down by the House of Representatives, to when it was passed by the House of Representatives, and signed by President Bush into law, I feel I have the opportunity to speak on the current crisis.Though I may not have the credentials of an Economist, I have the knowledge to realize that times are bad.
I watched the market drop from twelve thousand points to eight thousand points. When the markets reopened Monday of this week, I watched the market turn around and jump nearly one thousand points to ninety-three hundred. What a turn around it was that it only lasted for one day, and then the market has since thrown down that rebound like it never happened. The only question left is: When will it end?
In my opinion, I don't really know. I came from a middle class family, and I am a student majoring in Computer Programming. My only concern is is whether there will be a need for my job in the future, or even if the economy will not have failed by the time I graduate.
The Bailout was a load of bull, and the majority of Americans know it. I would have been happier if the bailout was given to the people, but yet again, that won't solve our problem. We can't get rid of the crisis until we get rid of the Federal Reserve and fractional reserve banking. Obviously, throwing money at the situation doesn't work, which is what the Federal Reserve, and now, our government, has done. We need to get back to the basics. We need to get back to the constitution. It's really that easy. We have no need for a private, central bank.
Tell me what you think about this.
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