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At What Expense?

7 Oct. 2011 Posted by Hannah Mich
economics, recession, president Obama, protesters, citizens

I just read a CNN article where president Obama was quoted as saying, "We have to have a strong, effective financial sector in order for us to grow." This statement makes little sense to me.

"Grow," what does that mean? The point of a "strong, effective financial sector" for this nation, initially, was to improve the quality of life of its citizens. At least that is what I have been led to believe. But if that strong financial sector robs the majority of citizens of their good quality of life, what is the point of a strong financial sector? At least from the general citizen's perspective, it is to exploit us in this ruthless mission to achieve more of this supposed "growth.

"...has yet to provide for any of the needs of the general public."

Thus far, the government's and president's attempt to maintain a "strong, effective financial sector" has yet to provide for any of the needs of the general public. Yes, they have caused their profits to grow, but we have not seen any substantial job growth. Furthermore, our income is in decline and we are losing our homes. What we have seen grow is: obesity rates, healthcare costs and the cost of food.

So my message to the president is this, if you want to talk about what is best for the citizens of this country, you need to know the difference between your theories on economics and reality.


Image: farconville /


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