According to just about every talking head, including the president of the United States of America, the U.S. of A. is looking down the long barrell of a shot gun, a barrell not seen since the Great Depression of the 1930's when a quarter of the workforce was unemployed, buisnesses, banks, and farms were closing daily, the Midwest was sufficating in an ecological distaster refered to as the "Dust Bowl", and millions of American were homeless, starving, and squating in shanty towns.
So what is wrong with the economy and how did we get into this mess?
To begin with, view this short film about the causes of the great depression from the Discovery Channel.
http://videos.howstuffworks.com/hsw/13433-american-history-causes-of-the-great-depression-video.htm
Here is also this short clip that you gives you a real sense of the misery that pervailed during those 11 years (Oct 1929-December, 1941).
Next, view this 60 Minutes news report that does an excellent job summarizing the sub lending practices and greed that are now currently rotting our financial market from the inside out.
Finally, review the previous blog entry that gives a brief run down on the War on Drugs, which has been a money sucking waste of time that individual states and the federal government have been pissing away billions on for 30 years. You should also refer to the notes you took on the episode of Freedom Files: War on Drugs that we watched in class.
Consider how people factor into this scenario. Is this crisis a failure on the part of people to work together to prevent another Great Depression, or is this crisis a result of people working together for the prupose of individual enrichment at the expense of the domestic and global community?
Your task is to construct a thoughtful position on the interconnectedness of domestic policy(policies that regulate markets and private sectors and policies that determine what and where the various state and federal governments funnel tax dollars), the state of the US economy, and the individual priorities of the American people.
