The Economic Crisis and those it affects
Word Count: 375
Edited by: Tiffani Haynes
With the 2008 presidential election underway, the United States continues to deal with financial blunders that have the nation in an economic crisis. Recently, a $700 billion bailout bill was passed to rescue the nation’s lending institutions and big businesses that have been affected by the defeat of Wall Street.
However, many Americans do not agree with the bailout.
“It’s wrong,” said Brenda Parkman, a retired veteran and working parent of a child in college. “The money should be spent on the people; those with homes in foreclosure, those who don’t have homes at all.”
Hampton University student, Akina Conway agrees.
“There are better ways the government could use the money,” she said.
Dave Smith, a supervising counselor in San Diego, believes the economy sunk to an all time low.
“it never should have come to this,” Smith said.
Others have mixed feelings.
Ashley Thornton, a senior computer science major at Hampton agreed with the bailout.
“It’s a necessary evil,” Thornton said. “If something wasn’t done, there would eventually be even more chaos.”
However she isn’t sure if this was the best approach.
Yet, even with the economy in a recession, the most that affects a lot of folks is high prices. The solution for Hampton sports management major, Sean Alston and Morgan State student, LaDonna Butler is to stay employed and save money.
The state of the economy has caused Conway, Parkman, Thornton and Smith to adjust their lifestyles accordingly by putting more thought into purchases and places they need to go.
As a graduating student, Bryan O’Meally plans to further his education in graduate school rather than jump directly into his field.
”It’s a win-win situation for me,” O’Meally said. “I’ll be educated and hopefully, by the time I graduate the economy will be better and companies will be looking to hire people like me.”
So, as the most historic presidential election draws nearer, which candidate are people looking at to handle the economic situation the best?
“It isn’t about handling the crisis because it’s already been handled (with the bailout),” Alston said. “It’s about progressing from the recovery of the crisis.”
And most believe Sen. Barack Obama will be the best candidate. America will have to wait and hope for the best.