Wednesday, October 15, 2008

    Bono and the Bailout



    For the past several weeks, I have been following the stock market more closely than normal. In fact, I can’t recall ever following the stock market. There is no doubt that we are in a serious financial crisis. But, this quote from U2’s Bono helps put matters in perspective:

    It’s extraordinary to me that the United States can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion dollars to save 25,000 children who die every day from preventable diseases…Bankruptcy is a serious business and we all know people who have lost their jobs…but this is moral bankruptcy.
    The rest of the article can be found here.

    I think conversations on the bailouts with our students would lead to some pretty interesting dialogue. I only had one economics class in college and I found it to be difficult and miserable. So, I can’t claim any great insights. But, I do believe that our budgets, bailouts, and other financial priorities are a reflection of our moral agenda and what we value most.

    Have you had any conversations with your youth regarding the bailout?

    --Jacob

    4 comments:

    emergentjourney said...

    I think that BONO is absolutely right. We can find the money to bail out North Americans who have put themselves in a situation that deserves crisis (overspending / overdebt), but we can't find the money when 25,000 children's lives are on the line.

    all we here about on the news is about the election and stock market crash. we don't here anything about the global crisis facing the world. The West is a so capable of doing so much good but we keep missing the point.

    I am gonna post this on my blog!

    jeremyzach said...

    yeah i tried to converse with my teens about the bailout. my student don't directly care about the bail. however they are extremely scared for their parents and their retirement plans.

    Ryan Gill said...

    how would having talks with the kids about the bailout ... how the heck does that lead them to repentance and faith? why... why would this be a matter to come up in a church service? does the bailout have the power to save souls? I suppose someone could come up with a silly "relevant" way to say "Jesus bails you out"... which is inaccurate of what Christ did.

    Brian said...

    Ryan, welcome to the conversation. I see from your myspace page that we have at least one thing in common -- We both rate Star Trek over Star Wars.
    As to the bailout, I can certainly see how it ties into a discussion of justice. Everything we do in this economy in the U.S. affects global markets and thus has the potential to either help or add to global poverty. The scriptures attest that Jesus was concerned about the poor perhaps more than any other topic, judging by how much he speaks on the this issue in the gospels.