Monday, October 13, 2008

There Is a Silver Lining

Do you agree with Zakaria's pemise that we, as a nation, must begin to save more and consume less? Why or why not? Does Zakaria convinve you of this premise that we must learn to save more and spend less in order to ride out the current financial crisis? What specifically did he say to convince you? If he didn't convince you, what in his argument was weak?

I do agree. With how the economy is going to day thats what we need to be able to have things in the future. We as a nation use to much stuff we truley dont need. He tales about how we spend so much and how high the taxes are. There is just to many people that dont have jobs right now how can we save our selfs yet alone help the government and there financial crisis? he did convince me but im not totally sure of what part he did so.

Wednesday, October 8, 2008

the worst adds on tv

Do you agree or disagree w/Stephen king? should drug companies be allowed to market prescription drug directly to consumers? why or why not?

I think that no one should be allowed to just get pills when they want to i think they should have to have a reason and a doctors ok for having the pills. I don't think its right to just have people get stuff when they want for pills. As being a teen i know there's a lot of people that would take that way to much for granted. That's why i think they need to be prescribed by a doctor not by the people who directly make the drugs cause people tend to lie to get med's. If people could just get there med's from the drug people why would we even have doctors? That's the whole point for doctors. So do I agree or disagree with Stephen king yes I do. I have the same idea as he does.

Tuesday, October 7, 2008

Is this a replay on 1929?

What is Samuelson's point? Why does he believe this? Give examples from article to support why you think he feels this way?

"Watching the slipping economy and Congress's epic debate over the Treasury's unprecedented $700 billion financial bailout, it is impossible not to wonder whether this is 1929 all over again. " said Robert J. Samuelson. He notices how bad everything really has gotten. Panic political as well as economic is the enemy. He thinks that the economy is being kind of selfish means how we keep spending and the economy keeps dropping.

Since the late 1940s, the United States has suffered 10 recessions. On average, they've lasted 10 months and involved peak monthly unemployment of 7.6 percent; the worst both lasted 16 months and had peak unemployment of 9.0 percent and 10.8 percent, respectively. as he points out in his article. The more everything goes down the more people that get unemployed and the more people cant pay for there houses there cars anything anymore.

"The Great Depression that followed the stock market's collapse in October 1929 was a different beast. By the low point in July 1932, stocks had dropped almost 90 percent from their peak. The accompanying devastation bankruptcies, foreclosures, bread lines lasted a decade."(Robert J. Samuelson) If the economy and the government does not figure out whats going on everyone will go bankrupt and the world as we know it will turn to a complet mad house.