Monday, October 20, 2008

So what do you do if you don't want to do it?

Let's say hypothetically that no one addresses this issue of the economic crisis and global stock market meltdown. What do you think might happen? Maybe just a tiny decrease in confidence and income and jobs; maybe just a tiny increase in mayhem and chaos. By tiny I mean astronomical.

The global economy is already in a state of chaos due to the United States' mortgage failure which generated a wave of economic distress to the rest of the world as international banks began losing money and assets. Then the stock market began to plummet, throwing the entire country in long state of panic. But what if all this was ignored and things continued to decline? Put simply, it could be hell. Banks would shut down and close completely. Jobs would be suddenly wiped off the nation. But saying to not focus on the economy would mean not focusing on oil, heath care, the iraq war, taxes and pretty much everything because everything is wired in with the economy. And economic status is drawn from international revenue as well, so the whole world would have to ignore the problem. That would be bad. (Just understating a little.)

Things would go into another great depression. Money would be rationed even more than it is now. Children in college might have to go home and work to help pay for family bills. Everything would just slow down. It's unimaginable what would happen if this issue, the economy, the stock market, essentially everything, were to be ignored.

I thought of an interesting question though. Would this issue be a lesser or a greater concern if the election process was not during this economic crisis?

1 comment:

Kia said...

What if we ignored the financial crisis? Well can we not see already after the 700 billion dollar bailout and the additional 250 billion dollars that the economy is still faltering. It has just began to slightly regain confidence after billions of dollars of our tax money being spent. So I can not even imagine in what state this country would be in if the crisis was ignored. Would there be a United States of America as we know it?