-Editorial by David Ignatius-The Fed may have done the right thing, but they can’t just do it forever for every company that may fail…what’s the next step?-one of the first times we see the “Wall Street” vs “Main Street” dichotomy-also mention of a public fear of the economic crisis hitting close to home – this is important to the average American-While the Fed may have done the right thing at the time, we need to start looking to the future and what to do next…they can’t fix everything
-This is the first time we see the word recession used by a political figure…now, we hear it all the time, but at this point in the story it was a big development, especially coming from Bernanke-Problem: bread lines and shantytowns sets a tone of fear reminiscent of the Great Depression…maybe not the best tactic at this time as well as “the R word” making it sound like a bad word…also invoking fear when the word itself invokes enough fear as is -This set off somewhat of a panic because Americans were told to be hopeful of an economic recovery but once the word “recession” is thrown around, it becomes a different story-This was covered in all the major news outlets but the Post delivered it in a timely manner and in multiple sections of the paper, including section A page 1 as well as the financial section
-By Steven Pearlstein-He relates all the troubles to each other rather than discussing them as individual entities. This makes it easier for the reader to understand how our economy is wrapped up in everything that is going on in the U.S. and around the world rather than just assuming it’s related to the housing bubble. -He also suggests what could possibly be done and how this would affect the average American. It is as if he is foreshadowing what is to come so Americans can be prepared for some life changes.