The Moral Economy Of The Great Recession - 1357 Words

From an opposite viewpoint many companies find different ways to help survive and/or maintain their economic status by cutting back on hiring, layoffs, cut backs on advertising and marketing. In the article written by Thomas Cushman entitled The Moral Economy of the Great Recession, Cushman examines the Great Recession of 2008. During this economic catastrophe unemployment was on the rise, the housing market was dwindling at an alarming rate, both large and small business were affected. Countless Americans were misled into buying homes that they could not pay for. During this time moral order had to be reestablished and emphasis on ethical values. When an economy is thriving capitalism’s is limited and risks are covered by dissertation of wealth and an overall consecration of gaining and expenditure. EXAMINE THE FACTS. The housing market was making huge financial gains by misleading buyers into buying home that were out of their budget, lenders and originator created un conventional mortgages to people who were at high risk for default. SEEK THE TRUTH. In John 8:32 the scriptures reads â€Å"And you shall know the truth, and the truth shall make you free† God’s truth always produces freedom, wholeness, and positive growth. One who deceives does not prosper, the truth has a way of revealing itself in due time. The housing market during the recession was not only deceptive to consumers but caused mass devastation in the housing market nationwide. HESITATE. MortgageShow MoreRelatedBailouts Effect on Economy770 Words   |  3 PagesThen, the history of bailouts in the US is told. Finally, the effects of the recent bailouts are analyzed. 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