By Bianca Caillouet
I was just browsing on yahoo.com and of course saw all of the stories about the U.S. economy. There wasn’t just one story on the yahoo news page it was a whole array of stories. http://news.yahoo.com/topics/financial-crisis
I never realized how much our own economy effected the global economy; it seems almost reminiscent of the Great Depression on the 1930s, but lawmakers are scrsmbling to avoid a world wide recession so to speak. Now lawmakers are trying to put the lid on the can of worms that already got out so to speak. It seems this bailout plan is just a band-aid to the real problem. Yes Wall Street is rebounding from hopes of more government inetervention and regulation in markets that were once private. Maybe the cause of the U.S. financial crisis is just 8 years of bad politics in Washington or it could be a market that has run free without any regulation from the governement? Either way its not just effecting our country anymore, it’s effecting other countries as well. I may be a cynic but all of this new governement control doesn’t seem like it will benefit the U.S. economy in the long run, but I’m not an expert on this topic I was just interested by the global economic situation.
