Harold Meyerson is writting in the Washington Post about how ridiculus it is that some people say that we are headed into a socialist government. Meyerson takes a very sarcastic approach to making his point that he belives it is the conservatives system and their fault for the breakdown our economy is having right now. Meyerson doesn't belive that we are headed toward socialism but that we are just correcting a system that didn't work in the first place.
I understand that certian things like our health care system mabey are not the best, but that it is definetly not the worst in the world. However I don't belive that "universal health care" is the answer, i belive that is trading one problem for another. Having times being bad right now is just apart of the ups and downs of a free market. I don't belive that bail outs or hand outs are going to fix the problem, they will only prolong it, and if you let the free market take its corse then you will find that everything will bounce back again.
Monday, March 9, 2009
Sunday, March 8, 2009
Assignment #6 T Parrish
The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. This article is written for the people of America, and also parts to people of countries all over the world. It explains that are where many clues to problems that where over looked. Most of our problems occurred from money being to able and readily available. A flip-flop occurred from problems from Asian markets to now European and American markets.
All this money made people feel like they could take more risk and try to increase there profits and economic standing to fast. And as one thing began to go, others soon followed suit cause the house bubble to start the auto gaints problems to much greater problems. People instead of trying to live above there means are now learning to budget and find cheap methods of getting the things they want or need.
All this money made people feel like they could take more risk and try to increase there profits and economic standing to fast. And as one thing began to go, others soon followed suit cause the house bubble to start the auto gaints problems to much greater problems. People instead of trying to live above there means are now learning to budget and find cheap methods of getting the things they want or need.
Assignment 6 C.Caruso
The title of this article is Revenge of the Glut and the author is Paul Krugman from the New York Times. He is writing the United States citizens of about the decline of value in money. It starts out with the Subprime crisis, now to be honest i didn't know what that meant. So i had to look it up and see what it meant. It talks about how we have spent so much money, investing it in houses, but then the mortgage delinquencies and foreclosers started losing their value.
We then began borrowing money from other countries, but there was a problem with Asia and their finances. And after that happened the countries began to pretty much give out cheap money. Our country has struggled financially lately, and it's because they do not know how to budget their money correctly. Banks have been getting in trouble for giving out loans to people that can't pay them back, so they get in even more trouble. Then they have been printing too much money so the value of a dollar is going down.
We then began borrowing money from other countries, but there was a problem with Asia and their finances. And after that happened the countries began to pretty much give out cheap money. Our country has struggled financially lately, and it's because they do not know how to budget their money correctly. Banks have been getting in trouble for giving out loans to people that can't pay them back, so they get in even more trouble. Then they have been printing too much money so the value of a dollar is going down.
Assignment # 6 D.Feaster
In the article Revenge of the Glut written by Paul Krugman talks about some issues like the subprime crisis and some of the leading fraction of the problem. The article is direct towards the American people and the readers of the New York Times. When written the article discuss about the different debt trouble that keep emerging.
One question that could be asked is how this global debt crisis happen? Many believe like Ben Bernanke it has something to do with the Asia. He said "emerging economies of Asia had been major importers of capital, borrowing abroad to finance their development." Bernanke was just to saying the Asia is consider to be the top emerging counties. In the conclusion the main issue and points the author is making is in the decline of money.
One question that could be asked is how this global debt crisis happen? Many believe like Ben Bernanke it has something to do with the Asia. He said "emerging economies of Asia had been major importers of capital, borrowing abroad to finance their development." Bernanke was just to saying the Asia is consider to be the top emerging counties. In the conclusion the main issue and points the author is making is in the decline of money.
Assignment 6 J. Williams
"The Revenge of the Glut" is an article published in the New York Timesand was written by Paul Krugman. The article is directed to U.S. citizens as well as the rest of the world. It discusses our economic struggles of today as well as gives a history of Asia's economic history in the 1990's.
Krugman mentions a speech made by then Federal Reserve chairmen-Ben Bernanke. Krugman notes that while trying to sound positive, Bernanke'sspeech was a forshadow of what we are facing today. Krugman points out that Americans aren't the only ones suffering these tough economic times, this is a global recession. For us to move forward we need to learn from our mistakes. It has been said that those who do not learn from their mistakes are bound to repeat them and i beleive that applies here.
Krugman mentions a speech made by then Federal Reserve chairmen-Ben Bernanke. Krugman notes that while trying to sound positive, Bernanke'sspeech was a forshadow of what we are facing today. Krugman points out that Americans aren't the only ones suffering these tough economic times, this is a global recession. For us to move forward we need to learn from our mistakes. It has been said that those who do not learn from their mistakes are bound to repeat them and i beleive that applies here.
Assignment#6 B.Adams
The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. Paul Krugman writes the article for the people of America to inform them that the situation we are facing now could have been avoided. Not only does he address America but other countries as well.
Krugman want to blame the housing market and banks for not lending money for part of our economic problem.This article shows that our economic problems are somewhat worse than we have ever experienced, everything is falling apart and we need to start at the foundation and begin building up. The mistakes our country encountered should be a learning experience.
Together as one we should all do better to improve the financial crisis.
Krugman want to blame the housing market and banks for not lending money for part of our economic problem.This article shows that our economic problems are somewhat worse than we have ever experienced, everything is falling apart and we need to start at the foundation and begin building up. The mistakes our country encountered should be a learning experience.
Together as one we should all do better to improve the financial crisis.
Assignment 6 JMcCrorey
The “Revenge of the Gult” is an article written by Paul Krugman in which it was published in the New York Times. The article is particular directed to the citizens of this great country and also to the rest of our friends and neighbors across the world. The article is written to show that our economic crisis is so problematic that it is not only affecting America but also the rest of the globe.
The article explains that our economic crisis is worse than the problems we experienced in the 1990’s. He states that we need to learn from our mistakes and use our mistakes as a formula so that we may emerge from this crisis successful. Krugman also mention the "Subprime Crisis" and how it was such a worry. He stated that the subprime was nothing to worry about and how we could learn from that situation. For America to escape from this economic mess we must go back to our roots and make sure we establish check and balance in every function of business and life.
The article explains that our economic crisis is worse than the problems we experienced in the 1990’s. He states that we need to learn from our mistakes and use our mistakes as a formula so that we may emerge from this crisis successful. Krugman also mention the "Subprime Crisis" and how it was such a worry. He stated that the subprime was nothing to worry about and how we could learn from that situation. For America to escape from this economic mess we must go back to our roots and make sure we establish check and balance in every function of business and life.
Subscribe to:
Posts (Atom)