Sunday, October 12, 2008
I think it is time for college students to voice what we believe is best for the country. A good portion of us may not know what the answers are, and frankly if you don't know what you are talking about and you have nothing worthwhile to say, please spare us the time reading. No one may know for sure why the economy is in the current state, but certainly people have opinions or theories. I believe that this is a result of the Federal Reserve in combination with corruption in corporate America. To blame the Bush administration is quite honestly giving the president extremely too much credit whether the economy is succeeding or failing. The solution is not the bailout plan. The government is not meant to own a stake in banks and lenders and it is certainly not designed to monetize 700 billion dollars in debt. This 700 billion dollars is only going to increase the amount of money in circulation, and anyone who has taken economics knows that an increase in the amount of money in circulation = an increase in inflation.
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