Sunday, March 8, 2009

Assignment #6 R. Jefferson

The revenge of the glut, which was written by Paul Krugman of the New York Times.  This article was directed towards the nation.  Basically telling us how the economy is in this economic crisis.  Krugman states that "After Asia had there crisis, then other countries started taking responsibility of there own."  I feel as though we can't blame this on anyone else but the United States government.  I mean look at the Bank, loan out thousands of dollars, even the US has borrowed money from other countries to pay the debt that they owe someone else.  We must put a stop to giving out money and stop borrowing because it is hurting everyone one financially.