Author’s Note: I wrote that I am not proud of my country. This to show you why I am not proud of America.
Just imagine that your father was going to Afghanistan, you had little money, and all the money you put in the bank had just been canceled because your bank went bankrupt. The economy had originally been excellent until banks started to go bankrupt. The government is giving the banks money to pay off their loans so other things like the military are not getting the money they need. I am not proud of my country because the government is wasting their money.
One way they the economy dropped was that banks started to go bankrupt so people took all their money out then that caused more banks to go bankrupt. When lots of banks go bankrupt then the government has to give their money to the banks and with the loss of that money they need to raise the taxes. When they raise the taxes then people loss their money and people become poor.
Another way the economy dropped is by house buying. Often people buy a house for 200,000 and then sell it for 300,000. Then the other people buy it and sell it for 400,000. Also people buy houses that they can’t afford or they lose their job and can't pay off their mortgage. Same thing applies with a car.
Last but not least, the main reason is that in the past when the economy was great the banks used to accept every loan. Then people weren't able to pay off the loan and the bank lost money. Now people are becoming homeless since their rent runs out and the bank won’t give you a loan.
Those are the reasons I am not proud of my country. You may disagree with me and say stuff that proves that you are proud but you can't argue with the facts that I listed. I want you to remember one last thing; most of this stuff isn’t the government’s fault, it is the bank’s fault and our fault.
No comments:
Post a Comment