Joel Flores's Discussions

Yes it's a financial crisis; in other words it's not a depression. We are in a time were there is a lot of uncertainty in the U.S. and in the world. I have good news for you; we live in the U.S. They have come up with a plan to fix the problem. Many people will and have opposed this plan because all they see is the $700 billion figure. Some will say help the people, I am the one in need. Last I checked there is over 300 billion Americans, so how do we help all facets of the U.S. It's simple control the economy, just ask Warren Buffet. The plan is simple, help out the Financial Institution who have money, but are hesitant to move or lend it, like every American we hold on to what we have until the storm passes. Now, there is no money to lend, whether it's to your average Joe looking for a car or Home to a Business looking to borrow until he receives payment.Fear is the X factor, economy + (x) Fear = Crisis.The government has done a great job at come up with a strategy and implementing it fairly quick (obviously not as fast as we would have liked to) compared to other parts of the world. Other country's government have stood idle, playing the wait and see game. The U.S. has taken action, we don't know how fast it will work, but I know this " we have raised to the top again."

Wow, great responses.  I will say this, you may not agree and that is perfectly fine.  It's great to have your opinions heard.  I would just back your comments with facts and reaons.  I suggest you read the World News section of a newspaper, for example the NY Times.  Other countries are going through the same issues as we are, they have not done anything to get out of it.  Wait and see is the name of the game.  Let me pose another question: Is the presidential elections helping the current crisis?