It’s The End of the World As We Know It…Or Is It?
I haven’t been posting much lately for reasons completely unrealted to the environment or the economy, but I am feeling a renewed inspiriation for discussion today. What have we been discussing almost non-stop at the Mendolo household this past week? The economy.
I believe that one of the most difficult aspects of this entire discussion is that we all feel out of our depth when it comes to these issues. It is true that these financial and economic problems are quite complex. It is also true that it is in the best interests of those in power that we do not fully understand them. But it is within our power to understand these issues and develop an informed opinion on them. To start, I reccomend that you turn off your television and start reading. Our first reading task: The Emergency Economic Stabilization Act of 2008 (aka “The Bailout Package”). This is the exact text of the bill that your elected representatives are voting on at this very moment.
After we see whether or not it passes the House today, I’ll be back to give you my opinion on the bill and its effects.