How are some Americans responding to the financial crisis?

With years of irresponsible spending and a lack of regulation in the financial sector, there is no doubt that the US is undergoing a stress test. While other countries were spending cautiously, the US went on a spending spree pretending the fanatic was paying attention to their spiritual leader’s prophecy that the world is coming to an end and the smart thing to do is to spend everything before it’s over. run out of time Now, a lot of anger is brewing in some quarters. The sad thing is that the enormous energy that anger generates is not used to create a pragmatic solution. Instead, it is used only to attack available plans. The notion that more anger is good for creative thinking seems to have taken hold.

As the financial crisis shows its wounds, policy is no longer crafted in the confines of the US Capitol building through painstaking deliberation. Politics are apparently spawned on air by talk show hosts eager to please their listeners. The onset of a financial crisis does not come without panic. Senator Burr, of North Carolina, reportedly panicked at the dire news coming out of the financial sector that he immediately ordered his family to do a lot of ATM runs as his solution to the financial crisis.

Words like secession, which were only commonly used in developing countries, are now starting to be used more frequently. Government Perry of Texas has flirted with the idea of ​​secession because the federal government has given him too much stimulus money. One wonders if the economic cog has pushed even elected representatives to the brink. Unlike other parts of the world where regions break away because they receive very little money from the central government, Texas’ secessionist thinking is unique.

Some people are now talking about a class war. Several Americans are yelling that the only economic recovery plan will help others squeeze the rich to death. Those who will benefit from the plan say the wealthy have enjoyed virtually tax-free lives and now is the time to repay what was earned by virtue of status and affluence.

The insurance industry is not new to insurance fraud in times of financial distress. Car owners who cannot make the monthly payments on their cars have resorted to roasting cars to claim insurance. Delusional gun owners see impending chaos and have started stockpiling guns because they believe law and order will break down, rendering the police ineffective.

Americans have been at odds with illegal immigrants taking their jobs. The economic crisis has apparently compounded that frustration. While some feel that outsourcing created or worsened the financial crisis, others believe that illegal immigration exacerbated it. The dilemma about illegal immigration is that even though it is illegal, the low wages illegal immigrants earn help lower the cost of production, which keeps some industries competitive with countries that produce and sell cheap. Illegal immigrants are largely unskilled and whether they are straining the system or bolstering it during tough financial times is another question with no easy answer.

Religious groups have also weighed in on the financial crisis as they did on the war in Iraq. Some religious groups maintain that as some backsliders are pushed to financial extremes, there will be nowhere else to turn but to return to their former congregations. Other groups have assimilated the financial crisis to the dream of Nebuchadnezzar in the Christian Bible. Such predictions and attributions are not new. Memories of frenzied spending in certain parts of the world in the final days of 1999 that reverberated from the prophecy that the world would end in the year 2000 are still fresh.

For many people who have been through a series of stress tests in their lives, going through the economic crisis just looks like another run that lasts a few miles.