Economic Downturn - Is it bad or good?
By ashish_clubs
@ashish_clubs (59)
India
November 23, 2008 12:46pm CST
Its always said that "Bad things happen so that the good could be reviewed". I believe similar is the case which we see in the current market or financial situations. This economic hardship will bring in discipline of the lifestyle of a common man. I strongly believe that this should happen once in a while so that we remember our responsibilities towards the society and ourselves while spending.
Please commment as to if you believe its really good or bad?
2 responses
@smartie0317 (1610)
• United States
23 Nov 08
I think it will be good, because it might encourage more opporturnties and jobs in the USA. A lot of companies are turning towards illegal immigrants and outsourcing and seeing that this is failing. I wish people would learn more lessons, but I think once America gets through this rough patch we'll go back to over spending. :( However, it's good the bubble burst. Now, we can start to do good again. I also think it's good because the price of things were a lot higher than their actual value, which is never good. I think prices are, and will continue for awhile, to reflect actual value.
@ashish_clubs (59)
• India
23 Nov 08
That's true. The unprecedented growth in the last few years have fuelled the inflation and things were really out of control. As on outsourcing I wish USA does not stop that or else it will really become hard for the countries to which the work was outsourced and inturn also to the USA
@smartie0317 (1610)
• United States
24 Nov 08
I don't think jobs that already outsourced should be taken away, but I think too many jobs are. I'm just saying I hope companies, especially ones benefiting from bailouts, are looking to hire Americans.
@ashish_answer (784)
• India
23 Nov 08
Economic unstability is always healthy for a growing economy. There is no need to cry a lot over it. In future things will stablize and the world will again grow in full swing. But, as of present its really bad. And the people who are facing this from front can understand it.
