“Citizens respond to the Economic Crisis.”
Word Count: 473
The United States is in an economic crisis. Though Congress has passed a $700 billion bailout to help Wall Street regain its financial foothold, many average Americans are worried about what that means for them. The economy may be getting better for Wall Street but the economic future for citizens is unsure.
Most students are concerned with their impending graduations and a shaky job market. Samantha Olanrewaju, a senior business management major from Richmond, Va. is among those worried.
“It’s going to be harder for me to find a job,” Olanrewaju said. “At my internship the company is firing people. They don’t have money to hire new people. It’s making me want to go straight to grad school.”
The economy has others questioning their graduation plans too.
“It affects me greatly because I’m a senior and I plan on going to grad school,” Kayla Emile said.
Emile is a senior communicative sciences and disorder major from Boston had planned on taking a year off from school after graduation and now, like Olanrewaju, is thinking of going straight to graduate school.
“Because I don’t know if the money will be there by then; Its not really there now,” Emile said. “Who knows where it will be in a couple of years.”
Despite the country being in a recession, some students aren’t worried.
“As far as the job market, I’m not worried about it,” Lianne Evans said.
Evans is a senior computer science major from Teaneck, NJ and believes that her field will be more relevant now than ever before.
“But I am worried about finding a home,” Evans said. “With the real estate market being like it is, I’m a little nervous about the rates rising and things like that.”
Shemar Woods, a sophomore print journalism from Centreville, Va., is more concerned with knowing the full story of the economic crisis.
“I think it’s a setup,” Woods said. “The timing of it seems a little shaky. I think there’s something deeper than that.”
Times have been hard and people are resorting to dire methods. Lakisha Bolling, a credit fraud analyst at Wachovia Bank has seen first hand how bad the economy has gotten.
“The amount of fraud cases we get has gone up, mainly with people stealing gas,” Bolling said. “I’ll see credit fraud where people are stealing credit card numbers and only buying gas.”
Omar Wilder, a chef at Caritas Carney Hospital in Boston, is critical of Congress for deciding on Washington’s hold on America’s finances.
“It wasn’t a good idea to put Wall Street in charge of the finances,” Wilder said. “They’re supervising it but who’s overseeing them?”
When asked of job security, Wilder suggested that with this economy there is none.
“There’s no such thing as job security,” Wilder said. “If the business goes under, you lose your job. That’s it.”