The Recession of the Decade

By Bianca Rugimbana

As the decade of the 2K seems to be flying by it seems that so many memorable moments have changed the lives of people all around the world. It seems like yesterday at the age of 13 and living in Australia, that 2000 would be the century of technology and it would surprise scientists if people were without power and eventually the world would end. But surprisingly, the world is still up and running, well for the moment being considering 2012 is fast approaching and conspiracies surrounding that moment is time is also up in the air. At the moment in year 2009, the world has already gone through and overcome disaster, devastation, miracles and pandemonium, all of which have landed America with history making new African American president, an epidemic outburst of a disease known as H1N1 which seems to be quickly eliminating the human race and a recession which is adding to the oil prices surging over 147 dollars per barrel. An event of 2008-2009 that is affecting not only me but everyone around the world is the recession. Unemployment is high, gas prices are through the roof, disease and sickness is overcoming a lot of the human population and food is becoming rapidly unavailable to a lot of countries around the world. Is this cause for alarm? Is this cause for a dramatic change? Will it all be alright if the world just ends in 2012? What should be done? The questions are endless and it seems no one has the answers, not even the President. Technicalities? Glitches in the system? None of these serve the purpose to really understanding why the world is suffering the way it is and why no one can seem to do anything about it. The recession has been called the worst global recession in decades, almost close to that of the Great Depression in the 30’s. The recession has seen the worst GDP output, unemployment rates rising to 8.5 % and a rampant inflation on commodities, affecting anyone and everyone in the United States. This situation is something that may require more than direction from the U.S president, peace between countries and bills passed in Congress. This seems to need a drastic change, almost dramatic and soon, to be able to save the United States and the world as we know it. The question is what change do you propose?