assignment 8 h. wilson

The title of this article is "It's not about socialism, it's about rescuing capitalism" and it was written by Harold Meyerson from the Washington Post. It was published on March 4, 2009.
This article was directed toward the audience of whom oppose socialism. It was directed this way because it was trying to get across that socialism isn't all that bad, it's just a different way to run things. And with the economy the way it is right now this country could definitely use a change. The article also talks about if Obama achieves all his changing goals for the country then there will be a more reliable capitalism and that will be helpful.
All in all this aritcle is trying to make the point that socialism has worked in the past and will work now. But personally right now im not interested in how we get out of a "slump" just that we do manage to get out.

Assignment #8 J. Tripp

This appeared in the Washington Post and was written by Harold Meyerson. The title of the article is, It's not about socialism, it's about rescuing capitalism.
The article explains how socialism worked in the past and how it has the possibility to work now. This could be a possible good change for our nation. the article goes on to explain that if Obama's agenda is achievedthen there will be a sustainable capitalism that will help our country out. Not only wil the capitalism be sustainable but it will also be competitive and more social. I honestly do not care how we get America out of the rut it is in, as long as we are able o get out by doing ethical things. If america were to ever use unethical ways to get out of this economic crisis then its no better with money than it was without money.

Assignment 8 A. Denio

The author of this particular article is Harold Meyerson. The article appeared in the Washington Post, in the Opinion section. The title of the article is, "It's not about socialism, it's about rescuing capitalism." It was published on March 4th, 2009.
It was written to inform every one that socialism is not bad, but a new way to run America. Our old system is not working that well, look at what is going on today. It is arguing that Obama is trying to help in new in ways that we are used too. But that is exactly what we need right now. A change of pace, and new beginning. I put all my faith in Obama, I feel he is going to try and help Americas help with all his power.
The audience it is directed towards is those who oppose socialism. The author just wants to prove that it can and has worked in the past. He also points out other countries that have failed that have the same system as we do now. These include Germany and many other European countries.

Assignment #6 N. Dixon

Paul Krugman, with The New York Times, wrote the article Revenge of Glut! I agree with Krugman's stance on how we all ended up in this horrid mess.
I just do not understand how long everyone involved really thought they could get away with this. Or maybe they knew it would catch up with them, just not this soon.
Can all the blame really be put off on the bankers and investers though? I think not. It is time for the american people to step up and own responsibilty for their own mistakes. You should know if you only make $10.00 per hour you can not afford a $200,000 home! Wake up, just because the bank is willing to LOAN you the money does not mean you can afford to PAY IT BACK! Yes people a loan is when you borrow money to pay back.
Everytime I go out to eat the places are packed out. You still have to wait to be seated at Olive Garden during lunch throughout the week. Things will turn around, when and only when, the american people realize how serious this thing really is!

Assignment #6 D. Haun

The article titled "Revenge Of The Glut" by Paul Krugman of the New York Times basically describes how the world attained its current terrible economic situation. Mr. Krugman describes how the Chairman of America's Federal Reserve Bank kind of foreshadowed troubling economic times a few years ago. The author then goes into great wordy detail describing exactly what took place around the world that got countries economically where they are now. Pretty much it rests fault on deregulation and very risky investment moves that shattered into nothing but great losses. Very very bad. I enjoyed the article that was aimed toward anyone wanting to gain a better understanding of the worlds economic crises. I had yet to learn of Asia's involvement in this whole ordeal and found that alone to be very interesting. I have thought this whole thing rested soley on America's shoulders. Thanks for shedding light on this and revealing I was wrong for assuming so. That's what you get when you assume. This article will be forwarded to friends of mine.

Assignment #6 S.Nelson

Revenge of the Glut was published in the New York Times by author Paul Krugman. This article os for all Americans wondering about the financial crisis that we are in. In this article Krugman talks about the reasons we are having the economic crisis we are. He states that sub-prime lending wasn't the only cause. We are living in a world of troubled borrowers. Another problem is the trade deficit with Asis. Our problems range from the housing market, automobile market, and all other manufactured goods. It is hard to get people back spending in our economy because no one can gaurantee that they will have a job tommorrow. Krugman goes on to say how we are going to be in this mess for a while. Hopefully creditors and banks can get thier acts together and stop lending money to those who are not capable of making the payments. It is terrible to think that so many people have lost everything because our financial market was greedy and was trying to make a dollar. This problem is not only affecting the United States but countries all over our world.

kwesley Asignment#6

Revenge of the Glut is an article That appears in the New York Times authored by Paul Krugman, a columnist for the New York Times.Krugman seeks to inform the American public as to the other causes besides sub-prime lending that has caused the latest world-wide recession.Krugman argues that trade deficits with Asia by the U.S and other countries are factors in this global meltdown.
Krugman argues that the borrowed money from Asia along with the increase in housing values help created the illusion of wealth. So when sub-prime mortgages began to fail causing the housing bubble to burst. The result was a lost of wealth leaving only huge sums of debt to be paid from borrowing. Consequently, the results of these actions caused a recession in the domestic and global economy effecting industries such as manufacturing. Krugman concludes that we are in a economic mess. Borrowing, a belief in deregulation of capital markets,and the illusion that housing values would only increase is the reason for our calamity. However, the worse is not over. The problem is further compounded by the overall lack of confidence in the economy resulting in the lack of consumer spending, the lack of banks willing to lend, and the lack of business willing to invest. Who knows if of or when we will get out this mess.