This Election Really Matters!

As the 2008 election rapidly approaches, the economy continues to be the most important issue for voters. After several big wall street firms went under and the largest drop in stock prices since the Depression, other issues such a abortion, healthcare, and foreign aid have faded into the recesses of everyone's minds. America wants a leader who will be able to turn this economic crisis around and bring back the booming economy we had five years ago.
Neither candidate proposes a flawless plan to correct the economy. Both plans take actions that would encourage the selling of stocks, causing the market prices to plummet even further. Clearly this would not be a desirable approach to the situation seeing as "the selling" is the reason behind the recent depreciation. But just as investors sell out of fear and desperation, they also will buy overpriced stocks in fear that they are missing out on the bottomed out economy, as we saw on Columbus Day, causing the market to climb almost as quickly as it was falling in prior days. The future president should have a plan that capitalizes on this human element of the stock market and encourages buyers to invest.
November 4th also proves to be the most important election day in the past several decades because the next president will control the most powerful federal government to date. After the recent events including the 700 billion dollar bailout, America looks more and more like a socialist republic. Our Founding Fathers warned against the government holding too much power and specifically set up the government to ensure that the people of the United States served as a system of checks and balances to the federal government. Now the next president will inherit a government with much more power than ever before, and we must hope that he will use that power responsibly.
Bobby Hausen, Regis High School