700 Billion Dollar Answer?
By Septima Glenn
They were the best of times, they were the worst of times, but today many Americans are feeling the worst financial times since the great depression. With a 700 billion dollars bailout plan that has just been passed, many Americans hope this is the key to reverse the economic slump.
“Something has to be done about the economy,” Blue Ridge High School assistant principal, David Smith said. “If not, there’s no telling how bad this thing could get.”
With gas prices soaring and the number of people with jobs is dropping, many wonder how this all began. Some blame it on the war and the current people in office, however others say it just happens.
“The economy goes through cycles. Some cycles are worse than others, but it’s a cycle nonetheless,” said Idella Glenn who is the Director of Multicultural Affairs at Furman University.
For students who have not entered the work force or even started college, there is less concern, but there are still many questions to be answered. What does this mean for them? When it’s time for them to get a job, will the economy still be lagging behind? High school junior Natalie Glenn took more of a “who cares” stance on the topic.
“I mean I know gas is high and people don’t have jobs but that doesn’t mean anything to me,” Natalie said. “By the time I’ve got to get a job Obama is going to be president and everyone will have a job.”
Others are optimistic about the state of the economy right now. Pointing out there are some pluses to times like these. According to Michael Forny, for people who are entering the housing market for the first time the economy is perfect.
“If there is a young couple, who is employed, has saved their money and is ready to buy a house, this is the time,” Forny said. “Houses are selling much lower than they did five years ago and builders are offering substantial upgrades to bring buyers in.”
Still others are relying on prayer and faith.
“I know the Lord will work everything out for the best,” 80-year-old Virginia Glenn said. “He always does.”