hmmm.....

Sep 19, 2008 04:59

Is anybody else worried about the economy of the US? Obviously most of you have heard that three major US companies have gone under and are being bailed out by the government. The Dow Jones is seeming to be in trouble and has gone down quite a few points. Banks are going bankrupt. If you ask me, if we continue down this same path without any economic reform we will be heading into a depression. And to make matters worse, apparently people are frantic about this situation and we all know that panic in something so dire wouldn't have a good outcome. First of all I don't believe that the government should bail out businesses. They obviously failed at managing their company and it's a bit risky to give them more money to 'play' around with. Working American tax dollars are going to these government bailouts which is just wasting money if you ask me. Maybe the government should have stayed out of it and given some smaller business a chance to prove themselves worthy of taking over where the big business failed. I'm not an economist but with all the job losses around the country there needs to be something done about it.

With gas prices on the rise due to higher demand and the industrialization of the Chinese nation, the cost of a barrel of oil will undoubtedly rise even higher. that being the case, and with our economy going into a downward slide. maybe it's time to start searching for alternative fuel sources for vehicles and for the electricity that powers the things throughout our everyday lives. A small fraction of government funding is going to the research to discover and refine new technologies that could reduce our need on oil and other such fossil fuels. If only the government would put major funding into research and development we could discover more efficient ways to capture wind and sunlight and turn them into a major power source. Obviously these things wouldn't build themselves so it would only be natural that this would have to employ many workers to produce solar panels and turbines to capture wind energy. So not only would we be able to be able to live on a cleaner form of energy, more people would have jobs, and maybe that would help improve the economy.
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