As you may know we have a crises on our hands. Big businesses and banks are in huge financial debts and will fail if the government doesn't bail them out. Is that fair to the average person? First of all the government is taking our tax dollars to bail out these big banks and corporations. Second, when banks didn't give a shit about who they lent money too and did it under adjustable rate mortgages without educating the loaners that the rates could jump to unaffordable costs. This caused a domino effect across country, where home owners couldn't afford when the adjustable rates jumped up to 6 and 7 percent, which caused for closers to sweep millions of middle class Americans.
The deal is that it does not affect us as college students right now, BUT it WILL. There is a great chance that millions of Americans will lose there jobs. The economy is far from stable and people of lost billions in the stock market.
SO PLEASE get educated on this topic, and study both sides of the political spectrum before you vote. I promise you... this is one of the BIGGEST and most IMPORTANT elections of our lives.
1 comment:
I agree that the economy is important and that we should better educate ourselves on the subject - but is this posting about a virtual world?
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