Sunday, February 8, 2009

Assignment 2 VMoore

The article Government has to make choices families, businesses don’t, by Cindi Ross Scope was published on TheState.com. This article is explaining to people how difficult it is to decide what to do about the economic crisis in America. She explains that it isn't cut or dry, it's actually a much more complicated problem than many people think. As the economic crisis gets worse, people feel more obligated to save their money. The problem is, if people aren't putting their money back into the system, the economic spirals down more and more.

Personally, I agree with Scope that instead of laying people off, we should just cut pay raises. It is better for the majority of people to have lower paying jobs than for a few people having good paying jobs. Although there is nothing the government can do to keep people from saving money for the crisis ahead, by letting people keep their jobs they are more likely to go out and spend money. At this point, the government needs to find a way to decrease the unemployment rate and kick start the economy. I am really excited to see what President Obama can do for us.