What is the Government of Your Country Doing to Improve the Financial Crisis?

the Financial Crisis - the Financial Crisis is getting worse around the world. The government should take some measures to improve it.
China
November 6, 2009 3:57am CST
Nowadays, the financial markets all over the world have experienced the worst crisis since the Great Depression of the 1930's. In order to survive the crisis, all people have to work hard in case of becoming jobless someday. To help us survive these tough economic times, we need to redirect our minds to consciously decide to focus only on what we need first as opposed to what we want. Of course, the most important key to improve the financial crisis is the measures from our government. However, although the government in my country has claimed that they have taken various measures to ensure steady and relatively fast economic development. But in my eyes, until now, nothing has been done!We are in a depression, and the government sat by and watched. They bailed out all their buddies and friends, and put the public on the hook. What I only see is that the economics is getting worse. I am so sorry to the action. Is the financial crisis Over in your country? What is the government of your country doing to improve the financial crisis? What are some practical steps we could take in order to survive this crisis?
4 people like this
14 responses
@CatGods (4592)
• United States
6 Nov 09
I'm in the U.S. and I think our government is crooked and corrupt. They only care about the rich and nothing for the poor. They bail out their friends and save their jobs while poor go homeless and jobless. Obama wants people to go back to school. 2.5 years ago my son went to school and paid 125.00 per credit. Now that same school charges 250.00 per credit. But wait a minute, Obama wants up to go back to school but the schools have doubled their tuition fees. We are in economic hard times, like who can afford higher tuition costs? So this whole economy thing here in the U.S. is not getting any better, I think is some ways it's getting worse. I bet this holiday season the retailers are going to be screaming their heads off because no one is buying much of any thing. Sales will be worse than last year.
• China
6 Nov 09
No matter what happens in our society, the government may stand the side of the rich. Even if we are surviving the downturn of the economics, it seems that they only care about the rich and nothing for the poor. For the side effects of financial crisis, may people are becoming jobless and have to lose theie houses in order to continue their life. As the government, they should take measures to help us overcome the difficulities and give us a better future. However, we have gotten nothing and have to meet more troubles.
@rjvb26 (2518)
• Philippines
6 Nov 09
Actually i think, the truth is that, there is no real financial crisis, people who are on the position right now just publicized it, so they can steal money from the people. Then the real financial crisis came! In our country the world financial crisis is normal. People do not take that seriously anymore. You know why? Because since then, our country got it's freedom and have our own government, the officials abuse the power, and corruption become a culture. I don't know if they are doing something to survive the mess that has been a product of dark past. Hmm. Maybe? or NOT? cause just like what i said corruption in our place is a culture. actually the dark is still happening right now and it became much worst i think.
• China
6 Nov 09
Is there no real financial crisis? I don't think so. There are so many people who have to work hard in case of being laid off. If as you have said above, some people publicized it and then they can steal money from the people. That is to say, all people have been cheated by some people? Perhaps corruption is common among the government officials in your country, then even if there are many people who survive the crisis, they still take the opportunity to abuse the power to "earn" money from people in your country. I am so sad to hear that.
@Baluyadav (3643)
• India
6 Nov 09
hi,friend,fortunately we don't have any effect of financial crisis/recession in our country India.Even have effect of small on those who are working Multinational companies,as we have the system of joint family,,there are several people like,,father,brother,uncle..come into picture and set right the crisis. In general to the country our RBI[Reserve bank of India took necessary steps to support industries in the way of decreasing interests rates..postponing the repayments of loans..further funding for sick or needy industries. Have a great time my friend.
• China
6 Nov 09
You are so lucky one and people in your country are also fortunate indeed. In my country, for the financial crisis, most people have become jobless and lose their house. Although our government has claimed that some measures have been taken to improve the economics, there is no proof that show us the upturn of economics. Yes, some Multinational companies may suffer the crisis for the downturn of the economics is spreading around the world.
@dragon54u (31644)
• United States
7 Nov 09
My country isn't doing anything but taxing, spending and spending more--and more and more!! We are so far in debt that we may never recover. Our jobless rate keeps climbing, I haven't worked in nearly a year-there aren't even temporary jobs available.
@bucketkid (239)
• Australia
7 Nov 09
i live in australia and we have barely noticed the economic crisis. the government has put a lot of money into what they call the 'economic stimulus package'. it includes spending money on creating infrastructure - also creating jobs and giving cash payouts to people eespecially those who already recieve finacial support and parents. it is supposed to encourage spending. i guess it has worked so far as our economy is strong and unemployment hasnt fallen. its all good on the Oz front.
@irene66 (1670)
• Philippines
6 Nov 09
In my country, our government is doing the other way around. They cause the financial crisis in the government some ways. Government officials maybe are doing something but not enough to be at par of what they get from the people's money. I hope their would be changes in the future.
@gawili (3)
• Philippines
6 Nov 09
Financial crisis is a big scenario in the new era. Creating a big impact in the history of stock markets all over the nation. Richness of the nation is declining inflicting all big and small scale bussiness come to collapse. Men mourn to their losses and government was destructed to the changes of economic stability. Projects are halted and people of the nation starve. The government come to a rescue but it's to late. The stocks were stolen, gone taken by highly respected officials and kept it as their own. Sadly to see men perish and starve, while them lax nothing to care. This problem of our own is made by man themselves. Greedy officials who wants power and richness in no sweat. The people of the nation were deeply wounded by this depression but it seems the corrupt officials barely see the situation. Programs were being implemented to ease the rapid decline of the economy but it seems corruption surface visibly fast and problems getting worse. The philippine government need a long term solution to eradicate this mess. Corrupt officials should be vindicated and remove from holding public office. The nation should be addressed to be vigilant to vote officials who is God fearing and loyal to uphold good governance. Childrens will be teached fidelity and good attitudes, so that they will carry this towards the next generation. I think this slow phase of solution, will address the problems of our nation nowadays. It takes time but surely will create a good impact of governing in the distant future.
@jwfarrimond (4474)
6 Nov 09
The Bank of England is responding the crisis by what they call "quantitive easing" which just means they are printing more and more paper money. I'm not sure if throwing paper at the problem will solve anything, but who knows? Anythings possible.
@savypat (20245)
• United States
6 Nov 09
We are trying to put as many people to work as we can, we have improvements around the house so instead of doing one big job which we could not afford we are breaking it into many small jobs that can be done as we can afford it. If every homeowner could do this, maybe even 4 or 5 hours of work plus costs of materials could work into to your budget. Our contractors a willing to work many small jobs that are available now instead of waiting for a big one to come along. I also make sure to add a dollar or two to my grocery bill each time I shop to help the hungry. If all of us can do just this little bit we can make a big difference. Jobs are the most important things right now.
@jemaries (322)
• Saudi Arabia
6 Nov 09
well in Philippines i dont know what is the government action in financial crisis, but as i watch in television everything is increase,so as overseas filipino workers were affected because we need to send big money rather than before.For me the Philippines is not much affected with financial crisis, the affected is the Filipino's who are working abroad because some of the countries they are working is much affected by the financial crisis like here in saudi arabia there is too much Filipino's working here and there's a lot of establishment are closing now because of financial crisis,Philippines were survived of financial crisis because of the huge remittance that are coming from filipino workers abroad, and our peso is increasing than dollar. For me the practical steps in order to survive this crisis is do not spent your money to the things not important but save it because you never know whether you will still job or not when you you wake up.
6 Nov 09
I really don't know what our government is doing for our financial crisis. Many company's have closed if not closed they have lay off many employees, if not lay pff they have cut off on there benefits and compensation.
@Pose123 (21662)
• Canada
6 Nov 09
Hi getbrowser, Although I try to be positive, I am very disappointed with the government here in Canada. Sad to say however, there is no one on the horizon who appears that the public trusts to do a better job. These are times when I remember the story of the old lady who said that her favourite Bible verse was, "it came to past". LOL! It reminds me though, that things change eventually. Blessings.
@laglen (19779)
• United States
6 Nov 09
Th government in my country is spending money like mad, giving jobs to their friends and penalizing small business that might provide jobs.
@mrfdg1972 (3238)
• Philippines
6 Nov 09
Well honestly i am not a fan of our government here in the Philippines, It does not bother me whatever they want to do as long as they keep and maintain Peace in our country. It is known our country is quite poor and as a Son of MY MOTHERLAND i am playing my part helping my not so blessed neighbors here in our farm, we have around 14 poor families living near our place and we always lend a hand in whatever way we can, of course we can not expect something from a poor government.