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These are Historic Times

Last Updated October 14, 2008 by Matt 2 Comments

Last night I watched Sunday’s This Week with George Stephanopoulos in amazement as I saw republicans, democrats, former Treasury Secretaries, stock traders, and political commentators all agree that government ownership of financial institutions was the only option to get us out of the current financial crisis.  This would usually go against conservative principle, but they say there is no other alternative.

We learned later that, indeed, the federal government will begin purchasing ownership in banks.  One commentator announced, “We’re All Socialists Now.”

Yesterday, the Dow gained 936 points (11%) on the news.  Who knows what will happen today.

Is this what it feels like to live in the midst of historic times?  Will we learn anything from it?

Filed Under: News Tagged With: economy

About Matt

Matt Cleaver has written since 2004 on youth ministry, theology, and the church. His blog was ranked by Youth Specialties as a Top 20 Youth Ministry Blog. Click here for Matt's list of the Best Youth Ministry Books.

Comments

  1. wife says

    October 16, 2008 at 8:32 pm

    blawg blawg blawg blawg blawg blawg blawg

    Reply
  2. Rusty says

    October 16, 2008 at 10:14 pm

    insightful comment from wife 😉

    I’m trying to figure out a way to talk my wife in coming down there to visit.

    Reply

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