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:
The rest of the article can be found here.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.
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?