All this ruckus over the financial rescue package is prompting many people to cook up their own plans for saving our economy. One innovative idea goes like this: Screw bailing out banks, give money directly to the American people.
Soros: Repairing the financial system will not stop a severe worldwide recession. The U.S. consumer can no longer serve as the motor of the world economy, the U.S. government must stimulate demand.
Sen. McCain said at the debate that he had written a letter "warning of exactly this crisis." As far as we can tell, this was the first reference McCain has made of such a letter, and we couldn't find it.
It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.
Into a void of understanding, Republicans have sought to absolve themselves of blame with a racist mythology that has gone viral.
Invoking greed to explain what happened with Wall Street actually explains little. The mystery isn't why people are greedy; it's how greed gets the better of them.
I believe now is the time for Obama to consider a bolder and more historic approach to the financial crisis by presenting to middle income Americans a step-by-step "big think" FDR-style New Deal program.
Let's get real here: People borrowed because they were presented with offers they couldn't refuse. They were told that home ownership was the path to prosperity and a chance to realize their dreams.
Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis.
The government says it isn't buying an ownership interest that will lead to directing bank policy. I'm finding that a bit hard to believe.
That's right folks -- it's private profits and social losses. Instead of an effort to safeguard us, this plan takes from taxpayers to provide unjustifiable subsidies to financial institutions.
What is a Christian response to a deepening economic crisis like this? What should people of faith be thinking, saying, and doing?
Did a Fox news executive decide to go after Congressman Frank because O'Reilly was embarrassed in front of 800,000 people who caught the meltdown on YouTube?
The folks at Blog Action Day were prescient in their choice of "Poverty" as this year's subject. The current economic situation will mean that people ...
The current crisis is the predictable (and predicted) result of a massive U.S. housing bubble, which itself can be traced in part to global economic imbalances that could have been prevented.
Are the markets are waiting to find out who wins the election? Will trust return if the voters go... for Obama? Republican? Me, I can't wait for the...
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
This thread should stay around. It's very helpful to those of us who have occasionally (or daily!) thought suicide is the only way out of the rubble, but have been hanging in there with our glasses still half full. Now, if McCain/Palin win, that's a different story. Then, there will be NO hope left, and this one will be checking out, or leaving the country. Something... but definitely not sticking are America to watch it go further down the drain.
This is one of the saddest stories I've read in a long time. My heart goes out to all the many, many families being sucked into this black hole economy. This is just more evidence that we need change in our government now more than ever. Absolutely heartbreaking.
yes well, even if you don't value your worth with having a job, a home, the ability to pay for meals...others do. what choice are people left with? being supported by relatives? not such a great option for many.
If we were Denmark. Canada, Switzerland, the Netherland or many other countries that provide support until we got back on our feet, perhaps people wouldn't feel so desperate. We should look at our cultural lapses in compassion and safety nets before we start blaming individuals that need assistance.
I hope people will hang in there, surely better days are coming. in the meantime, you are not alone and many of us understand how horrible a position so many have been put in and how devastating it is.
I'm sickened with the desperation in this country. People shouldn't feel like their lives are over because they've lost their homes. Now, if they've lost their homes, their retirement and their dignity while being hounded and evicted by the mortgage companies, that's a different story. We have this misnomer in this country that poor people are nothing but lazy; that they're failures. Being poor/bankrupt is not always a final verdict, people. It may not even be the worst thing that can happen to you.
This makes me think how odd it is that people determine their worth this way.
Agreed. This is an indication of how wrong our priorities are. Our culture worships money and things. I am talking about people who are used to living "high on the hog" and then lose it when their McMansion and excess material items are taken away. People who are truly in need deserve help. But those who are shedding unnecessary luxury items should quit complaining and do what they have to do.
We need to get back to core values, and they have nothing to do with big houses, a new car, computer games, and luxury items. This mentality has led to our current undoing, and it is looked upon with disdain by the rest of the world.
We have to return to simple values and we will, be it voluntarily or kicking and screaming.
Thanks, Kelli, for this post. What you've reported on, I fear, is only the beginning of an increasing trend towards suicide, murder or the tragic murder-suicide combo you provide grim examples of.
As an business strategy and HR consultant, I've been worried about the psycho-social impact of the economic downturn. I remember a time when even threats of downsizing would propel desperate people to come to work and go on a terrifying shooting spree.
I think corporate leaders must be proactive in helping support people in these frightening economic times.