Scout Offers His Economic Views
Editor’s note: This letter was submitted by 12-year-old Stephen Shamgochian of Shrewsbury. He’s working on a communications merit badge and writing a letter to the editor was one of the requirements.
Dear Editor,
In my opinion, it is very sad to see many, many companies going out of business or going into debt.
As a result, so many people are losing their jobs. What can we do to help this situation?
As I drive around town with my parents, I see so many “for sale” and “foreclosure” signs on front of homes.
Where will these people live? How did we get into this mess and when will this recession end?
Was it the bank’s fault for loaning money to people who probably shouldn’t have been buying a home?
Was it fair that President Obama made a $787 billion dollar bail out to GM and Chrysler?
In my opinion, people should not buy things that are too expensive and not within their budget.
Then the economy would be in much better shape!!
Stephen Shamgochian
Boy Scout Troop 158,
Shrewsbury
WBJ Web Partners
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