Finacial Crisis

The Wall Street is lost more than a trillion dollars worth of wealth in a day $700 billion tab for U.S. taxpayers. Ideas are one of our most important exports. One idea was the vision of capitalism. Ronald Reagan argued for low taxes, light regulation, and a pared-back government for the economic growth. Another idea was America as a promoter of liberal democracy around the world, which was seen as the better one of the two ideas. The choice we have now goes far beyond the option of a bailout. People now think that the Wall Street now mark s the end of the Reagan era. Now China and Russia are beginning to look rich compared to the U.S.

People, who want to buy a house, want more and more luxurious homes. So they loan money from the bank. But those people who loan, money and can’t give the money back, have to give the house to the bank. The bank can’t find anyone to sell the house to, so they have a house that is worth no money. Now the bank is in its negative. Now people have to cut their spending prices, so they quit shopping at unnecessary places. So places like clothing stores are now losing all these money. And so are internet, phone, computer, and many other business companies. So now all the country of the U.S. is in the negatives. That brings unbalanced economy to this nation. Now everyone wants to play safe, and not use any money. So all the stores close or fire people from their company, because they have no customer’s. And those customer’s have money because of their jobs, and because all the jobs are closing, they have nowhere to get money from. So now all the money is just vanishing into thin air.