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Editorial
Current economic times are tough for our country but what exactly does that entail? How did it start? Back in 2007 an event occurred called a stock market crash. Dictionary.com defines the stock market as: “A place where stocks, bonds, or other securities are bought and sold.†It defines a crash as: to collapse or fail suddenly, as a financial enterprise. Following the stock market crash a housing crisis began. This was when people took loans on houses that they couldn’t afford, and when they couldn’t make the payments the band took there houses (foreclosure). When you add these two events simultaneously you get one hard economic time. Businesses begin closing due to bankruptcy, and the unemployment rate soars. It doesn’t help that now there are thousands of additional homeless people across America and were in national debt with China and some other nations. This all equals the big mess our country is now facing with President Obama in control. The economic crisis (yes it is defined as a crisis) is really effecting our country hugely. In my humble opinion the first step would be to pay off any debts we made have (which in effect would mean to stop spending money). Second we would need to repeal all of our attempts to give people the money to get them on their feet. Instead we would make new jobs for them to attempt to solve the crisis the way former president Hoover did in 1929. That’s my view for the spring newspaper- John Runyen -
