This article was written in a very sarcastic and straight to the point tone, which I really enjoyed. It is not often that you read an article that doesn't beat around the bush about a topic. This was interesting to me, and gave some insight to things that I have not thought about before.
The article starts out by telling of President
Obama's warning, that unless his rescue plan goes through, "our economic crisis could become a national catastrophe." The message he is portraying is simple;
"Let's put Americans to work doing the work America needs done." If
Obamma's plan falls through what will happen? That's a scary idea for Americans. Many believe that we will be in another Great Depression.
The article states that right now we are just in a recession which is a whole lot better than a depression. A depression will bring even harder times than what us Americans are seeing now, and will last a very long time.
It then goes on to ask the question: When will we know if we are in a depression? We will know if we are in a complete depression when the word "depression" is used matter-of-
factly. A name has not been selected for the next depression, if we are to go into one. Some of the ideas are the Second Great Depression (
SGD) or Great Depression II (
GDII).
The article then goes on to talk about Great Depression I to compare what phase we would be in if this is considered a depression. There was no war going on during the first depression which could be a good thing or a bad thing, depending on how you look at it. The article says, "If government spending is an effective way to stimulate the economy, President Obama can be grateful he has not one but two wars to spend money on. He may soon have a third in Mexico to help stimulate things."
The article ends with a question that really pertains to our class, "But if war really contributes to the economic health of the society--do we really want to count on a longer war?"
I love this article because it asks real pertinent questions that I have never been asked. It makes you think about our economy and the current conditions in which we are living. Are we in a depression? What will it be called? Should we stay in war to help stimulate the economy? All these questions are things that can't be answered at this point, but are really things that people should consider.