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Sep 29, 2008 -- Biz, credit markets show how economic woes affect you

Are you still having difficulty figuring out how all the news today -- and of the past 2 weeks -- affects you?

It's difficult to understand why we should help Wall Street bigs who make an average salary of $300,000. If there's one thing we're united by, it's our anger at the bailout bill. People are understandably skeptical when Pres. Bush had been saying everything was OK with our economy, and then he turned around and dramatically changed his tune.

Clark wants to try to show what could happen in a worst-case scenario if the financial markets continue having a nervous breakdown.

As an example, businesses wouldn't be able to borrow money to expand, which pinches future economic growth. With no access to money, businesses may cease to exist; new startups couldn't get funding; or businesses may survive but not grow. All of these circumstances would lead to lower economic growth, potential layoffs and fewer jobs being created.

Meanwhile, you as a consumer wouldn't be able to get credit to buy something. The business that couldn't sell to you then has lower sales, which circles back around and can lead to layoffs.

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