On the Economy

In a nod to the current economic downturn, the bishops voted to approve the following statement within the hour, issued in the name of their head...

"Solidarity at a Time of Economic Crisis"

United States Conference of Catholic Bishops
November 11, 2008, General Session
His Eminence Cardinal Francis George, OMI, President

As the Catholic bishops of the United States gather in Baltimore, and as servants of Jesus our hope, we bring with us our concern for people in our dioceses, and we want to express our active support and solidarity with all those who are being hurt by the current economic crisis. As pastors and bishops, we see the many human and moral consequences of this crisis. Clearly, the impact is greater in some regions than others. However, across our nation families are losing their homes; retirement savings are threatened; workers are losing jobs and health care; and many people are losing a sense of hope and security.

This disturbing and complicated situation brings home a universal truth: we are all children of God. We are our brothers’ and sisters’ keepers. We are all in this together. Hard times can isolate us or they can bring us together. The Catholic community will continue to reach out to those in need, stand with those who are hurt, and work for policies that bring greater compassion, accountability and justice to economic life.

Pope Benedict XVI has outlined our goals in his 2008 World Day of Peace message: “The family needs to have a home, employment, and a just recognition of the domestic activity of parents, and the possibility of schooling for children, and basic health care for all.” He also insists that society and public policy should be “committed to assisting the family in these areas.”

We offer our prayers for the families and individuals, our sisters and brothers, who are hurting, anxious or discouraged in these difficult times. We also pledge our prayers for our wounded nation and suffering world. We pray that, working together, we can find the courage, wisdom and ways to build an economy of prosperity and greater justice for all.

The conference's great treatment on the topic was its 1986 pastoral, Economic Justice for All.

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