bailout
By cher913
@cher913 (25781)
Canada
December 12, 2008 12:01pm CST
if the bailout fails in the US, the of course, Canada will be hit hard as well. it is said that one in 5 people in the province of Ontario will be with out a job. already, they are telling their workers they will be shutting down the operations for the month of january.
what is to become of the economy?
4 responses
@winterose (39887)
• Canada
12 Dec 08
economy works in cycles, there are good years followed by bad, it has always been like that, canada has gone through many recessions and so has the usa, I am not saying it is a good thing but it happens. People are always losing their jobs as well, then an economic boom happens and there are more jobs, then a slouch and no jobs again. Canada is in a recession now and I have already lived through three recessions that I can remember in my life time.
@messageme (2821)
• United States
12 Dec 08
I don't think any recession has been this bad. Not this many jobs have been lost by so many people at one time. Look at Bank of America they are going to be laying of 35,000 people. If the bailout don't happen Millions of people will lose their jobs. I seriously think we are really heading in for a depression this time, like we did in the 30's.
@Pose123 (21635)
• Canada
13 Dec 08
Hi cher, I agree that things aren't looking good with the economy and was quiet upset that Parliament was shut down during this time of crisis. It looks like all areas of the country will be affected. Lets hope that our leaders will have cooled down somewhat by the time Parliament opens again, if it's not too late by then. Blessings.
@teka44 (3420)
• Brazil
12 Dec 08
Hi cher. Keep cool my friend because it always happen with economy. This time it seems worst because most of the money was in the financier business and keep all the money on financier speculation is very dangerous. But the Big men want to earn more and more without doing nothing. If the money isn't used to generate work and goods time comes that the economy must break. Now they are using the brains to help keeping jobs and the economy working. A little late but better later than never. Now we need to be careful with what we spend but we will be well.
@messageme (2821)
• United States
12 Dec 08
I give it a year, two at the most and we will be in a great depression again and everyone will be without jobs.
It's a domino effect in all cases. This places closes so then this one has too and because that one did another will have too.
Funny thing is there is so much money in the U.S. Where is it all going?
you have a ten in your pocket, spend it at the gas station, gas station spends it on their supplies, then the supplier has it and they need to spend it to get their supplies. So you see all the money we have should continuously be circulting. If everyone is running out of money that means the money is stoping somewhere. WHERE? Who is pocketing this money and not using it to put it back in circulation? I just don't get it.
