The US government has thrown trillions of dollars at large industries these past few months hoping to solve this economic downturn. It didn’t work, and it’s not going to work. Does rewarding bad behavior ever redeem a situation permanently?
Our country got into this “economic crisis” by spending money we didn’t have. As of December 2008, estimates put the national debt at $37,000 for every man, woman, or child in the United States. Statistics on credit card debt alone should give us a good glimpse of how formidable irresponsible spending in our country really is.
The February bailouts probably just made the problem worse. Taxpayers’ money went only to the huge companies who were irresponsible enough to near bankruptcy, not the small, local businesses who got hit the hardest. These small businesses are the heart of our failing economy, but we’re giving all the oxygen to random fingers and toes. Maybe the bailouts stemmed the problems for a little while, for a few people, but an economy must fix itself! Bankruptcy of big companies is an economy’s emergency salvation procedure. We need to let this economy right itself and let the rotten apples fall so that healthy ones can grow; the tree may be without fruit for awhile, but gluing the bad fruit back on only worsens the problems. Please, write your congressmen and tell your friends, these bailouts aren’t helping anyone!
-Sarah Peterson
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