Feeds:
Posts
Comments

Posts Tagged ‘banking systems’

       Breaking news this hour, the Dow soared up 938 points…the highest point climb in a single day ever!  This is following 8 previous days of losses.   It could soar to the moon; but, unless we get things stabilized…that too, could only add to the unrest.  However, getting the the numbers back up into a zone that is positive again is very important to instilling confidence in the market once again. This is good news all around the world as governments have pledged to get behind banking systems around the world.  People are breathing a momentary sigh of relief…as the past week or more has been full of doom and gloom which has only added to the financial anxiety.  Let’s see what happens now!  Will this financial encouragement impact the election at this late date?   Do you think those in charge of safeguarding the future have learned anything in this crisis?

Read Full Post »

        Titanic, the US economy & rescue boats; what do they have in common?  Much!  Do you remember seeing the pictures of the Titanic ship as she prepared for her maiden voyage?  It was large, it was the ultimate in luxury and it was celebrated as “unsinkable”.  The US economy has sort of lived in luxury even if it has been on “borrowed/credit” monies.  I think many thought the structure of the US economy was unsinkable as well.  We now know differently because of the financial crisis that many have been working so hard to “rescue”.  It is common sense, if you live outside of your means to pay for it…you will loose it all.

          While i think we will probably be saved from the fate of most of the passengers and crew of the Titanic; there are some who will definately suffer.  This morning on the news programs it was announced that the biparisan effort to “fix” the economy has reached a tenative agreement on the way to do that.

           What we need to do is wait to see the methods that are employed in this fix- it solution.  Waiting feels a bit wrong because things are so very important and desperate for many Americans.  There has been suffering already.  Some of the suffers have already been in extreme situations…loosing their homes, filing bankruptsy, working more than one job trying to make ends meet; some have been successful in changing their financial direction and some were not.  Hearing that taxpayers are going to have to fix this problem with more taxes when they are already pushed against the wall is terrifying.  So, some quick explanations of this “bailout”  is very important to calming the fears of the public.

           It is going to be crucial to learn lessons from the Titanic experience.  Even now, knowing that it sunk, knowing that lives were lost…do you think that if the passengers and crew on that ship had each had a bucket and a will to survive that they would not have made the trip up and down the stairs to make an attempt, several times over, to try to bail out the water in the bowels of that ship?  Of course they would have. 

           Had that ship had more lifeboats (rescue boats in our case) would more lives have been saved?  Certainly.  So, What does the Titanic ship and the US economy have in common…they both needed rescuing, they both carried movers and shakers, people had a vested interest in saving them both, lives were and are at stake in both situations.  Can the US economy survive when the Titanic ship did not?  It is possible!

          Let’s pray that the bi-partisan plan has figured in enough rescue boats to save not ONLY the large banking systems, the mortgage companies, the credit card organizations; but, the people at the base of each of those situations…the taxpayers…the recipients of those services.  The little people who are drowning in the flood as we speak need their own rescue ships; or, the overall plan will fail. The future impact of this bailout is not only important to the US but to the global economy as well.

         We must not forget that any of those businesses cannot possibly make a comeback if the little people can NOT afford to make use of those services…and, they can’t do that if they are loosing their jobs, their homes, their families to the high cost of living!  We all want and need to survive…the will to survive is there; if there are enough rescue ships in this plan, we may just be able to keep the ship of the US economy floating long enough to make it healthy again.  We all may be traveling at a lower level than luxury or first class…but, that is alright…at least we will have the chance to recover.  We just have to adjust how we think and make choices in our day to day lives that are within our means to pay for them…what a novel idea!

            

Read Full Post »

        It may just be a bit presumptious to say so…but, i think that there are so many people who are dissatisfied with both the Republican and Democratic parties that we are going to see something that i tagged as a DemoPublican.  That is to say, that people’s value systems lie somewhere in the middle of these two parties that have become so out of touch with their constituents.  Alot of conversations that take a political turn tend to reflect the consensus that people are unhappy with the choices.  The reasons for that statement are varied.  Some don’t like the personality, or the past mistakes, or the perceived lack of experience…on and on.  That is not new to this particular election..that is always the case to a certain degree; people pick the person with who they consider will do the country the least amount of harm and promote the most positive changes possible.

         In this particularily historic Presidential election; people have  been trying to come to terms with issues that have plagued our country and tried to find the alignment within the party that they most closely associate themselves with.  That has become harder and harder to do with the economic reality that faces our nation; not to mention, constantly changing boundaries relating to levels of personal privacy as it has been invaded on the pretext of safeguarding our country in matters of national security.  Add into that mish-mash the polarization of voters applying personal religious belief systems towards determining which candidate to vote for.  Many people are conflicted on that issue; which candidate’s actions most closely reflect their own belief systems. 

          There are so many issues that have not even begun to be addressed by the candidates that it is a little worrisome.  Issues that demand addressing include things such as joblessness, homelessness, health care, education reform, addressing issues that impact the banking systems, transportation systems, homeland security, terrorism, how to provide and manage energy costs and concerns, etc.  These are the issues that people care about and base their votes on…not which celebrity gives them a personal endorsement or what music the candidate listens to; come on…get real and deal with the things that matter!

         Underneath those issues, runs a very heated debate about who should have been the Democratic nominee; experience or the lack of is important.  When Florida and Michigan delegate votes were discounted…this changed the course of the competition between Sen. Barack Obama.  There has been a strong battle between supporter of Sen. Hillary Clinton and Sen. Barack Obama.  The split has been protracted and continues today…going into the Democratic National Convention this weekend.  Even some of the speakers have privately expressed unhappiness with the process; such as Bill Clinton, former President of the United States.  He says after the election he will speak his piece; of that, i have no doubt.  Sen. Hillary Clinton…now, I can’t even imagine how much pressure she is under.  She wanted to be in the place that Sen. Barack Obama is now standing; barring that…she, i am sure would have been happy to be his running mate…that did not happen. 

           How difficult it must be to stand up there and promote unity in the party when i am sure….that has to be the last thing she wants to do is encourage support for Mr. Obama.  Add into the drama, all of the “celebrity” endorsements that Sen. Obama is getting and it is turning into a bit of a 3 ring circus.  Today there was a report on a CNN research poll that said since picking Sen. Joe Biden… the run for the Presidency has become tied at 47% between Sen. John McCain and Sen. Barack Obama…compared to percentages that showed Sen. Obama in the lead with 51%, just last month.

         Everyone has an opinion on how this will play out.  Some attempts have been made calling for unity in the Democratic party…but, there is great unhappiness still under the surface.  Those that thought Sen. Hillary Clinton should have been the front runner, then fully expected Sen. Barack Obama should give her due consideration for the position of his running mate.  When it became obvious that she was passed over; and, he chose Sen. Joe Biden as his running mate those who felt slighted have pledged to vote for Sen. Obama’s competitor Sen. John McCain. 

           The Republican party has to get out their position on the issues as well.  We dont need to see a few months of showboating by either of the candidates…we need to get down to the nitty gritty and quit wasting everyone’s time on surface nonsense.

          There is much work to do on both the Republican and the Democratic side to convince voters that the person that they choose to cast their vote for is deserving and capable.  In the meantime, DemoPublicans are going to be the deciding factor in this election…God help us all to make the correct choice, without compromising the things that are most important.

Read Full Post »