Something that is real... GRADE ME 2.0

As Professor Seago said, if we are not afraid then clearly we are not informed about the times which we live in. There is a buzz spreading from Wall Street all the way down to the Rio Grande that something very bad is coming into light about our economy. Talks of another "Great Depression"and pictures of people with haggard looks on their faces talking into their cell phones, hands being wrung, and faces being held in hands graze every news sources front page or website.
In the Houston Chronicle, they talk about what President Bush had to say about it, link being below:
http://www.chron.com/disp/story.mpl/front/6021261.html


I think that this article was very informative, not only due to the nature of it being the new source for an incredible nation-impacting city, but also it is something heavy on our minds now that the president is finally reacting to it and the next president we elect will have to deal with it in such a very short time.Some points about the article which caught my eye were quotes concerning both candidates saying that they were "bitterly fighting each other for the White House but coming together over this issue" and that the situation "offers a chance for politicians to prove Washington's worth."
Another quote that caught my eye about the article is when President Bush said specifically that he was reluctant to bail people out of this time because it "risks wipe outs of retirement savings, rising forclosures, lost jobs, closed businesses, and even a long a painful recession." For president Bush, it seems as if all during his presidency he has had to deal with Catch-22s: Fucked if you do, and fucked if you don't.