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Posts Tagged ‘credit’

      Now that the historic 2008 election for the President of the United States is over and Barack Obama has won…there will be great expectations.  Obama really ran on the platform of “change”.  As the agent of change…he will be watched and judged in a way like no other before him.  Everyone is expecting miracles; and miracles, is what this nation needs.  Families are looking for stability in their lives.

       As we have demonstrated to the world over the last few months…we have to get our finances as a country and as a world under control.  We must heal the breakdown of credit and the housing industry…the buying, selling and foreclosure of homes.  We must address the nations dependency on oil from foreign countries.  We must investigate and explore alternative forms of energy.  We must address the dwindling funding that forms the foundation of education in both lower and higher education.  We must find a way to insure those who have no medical insurance.  We need to apply some solutions to the social security flux which will drain the funds because of the aging population.  We must repair relationships with countries around the world that have been badly damaged over the last 8 years.  We must continue to protect ourselves and others who are under siege from terrorists around the world.  We must insure that our children have opportunities before them that children from other countries have. 

        I say we meaning, African Americans and all Americans, Democrats and Republics, conservatives and liberals, men and women…it doesn’t matter who you are…we are in this thing called life together…and that is how we have to approach solutions to the problems that we face as a country.

        With an unprecedented stacked deck of Democrats in the House & Senate, as well as a Democratic President, we will have great expectations from Barack Obama as leader of the United States. Republicans have taken the heat for the condition of the United States for quite some time…now it is time for Democrats to prove their worth as they lead our citizens.  

         Is President elect Obama up to the task?  He had better be…because it is unacceptable to think about the alternative; and, the impact it will have on this country if he fails at any one of the aforemented issues; as well as many, many more issues which are in need of major renovation to become healthy once again.

         Hopefully, we will not, in our zeal to affect change in this country, continue to attack the basic values of conservative America.  We are seeing escalating legal attacks on the defination of traditional views of marriage and family.  We have people who are determined to stretch the defination to include gay marriages as a legally recognized state of marriage.  There are those who seek to further liberal ideas such as legalizing marijuana and prostitution; or expanding the limits of abortion.  It seems that traditional values in this country are being turning upside down…what has been considered to be right is now viewed as wrong and is prone to challenge.

        There is some real resistance against such change, from those who consider themselves conservative; to fight and stand up to those challenges; by those who not only believe in a liberal view of rights and responsibilities but, those who seek to change how we govern ourselves regarding those issues.  So is Barack Obama up to the task of effective leadership of such diverse approaches to life?  Time will be the judge! In the meantime, citizens of the United States have a right to great expectations.

       

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        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!

            

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        I read that the host of a tabloid television show, The Insider, is leaving the show.  Pat O’brien has been on The Insider since 2004 he was the host until he had a couple of stints in rehab for addictions.  He made tabloid news himself when he left recorded messages sexually harrassing a female person on the phone.  Before he was the host of the Insider, he was on Access Hollywood for something like seven years.  Some people watch those shows regularily.

         So, he is leaving the show now.  It has been said that the decision to leave is a mutual one.  Yet, no real reason has been disclosed for the leave taking.  However, there has been speculation from; he slipped in his sobriety again, to, he is leaving because of an email that he sent to the staff at The Insider.  The email supposedly alledges that the staff of The Insider is out of touch with their real life viewers; who are struggling with day -to- day financial survival, and are not interested in the elite Hollywood fashions and over-indulgences of the stars. 

           If it is true that he was let go from the show for holding that opinion…i would tend to agree that the powers that be, are indeed out of touch.  However, I am sure that Mr. O’brien could have gotten that message across in a much more effective way than sending an email.  It is a valid point to say that mainstream America is struggling to maintain some semblance of financial stability…hearing about celebrities who toss away untold amounts of money on non-essentials is a bit of rubbing it (their wealth) in the viewer’s faces. 

           In general, i think the viewers would much rather hear about celebrities who are doing “good” in the world, with some of their “excess money”, than to hear about the latest mansion they bought or, how much money they spent on their last shopping spree!  In that, i agree in the theory behind the alleged email.

           I think that there will be a backlash in the sports world, the celebrity arena, the political figures, and other areas of our culture that continues to endorse reckless handling of money.    Reality for most people is not financial wealth; after the collapse of our banking systems, the mortgage crisis, the credit card crunch; and, the constant raising of prices of gasoline, home heating prices, and necessities such as groceries.  The American public is fighting to regain a financially secure life.  The impact of that is going to carry over into all areas of life including entertainment shows!

           If Mr. O’brien has had a change of heart over the types of stories that he felt his show should cover…he has to acknowledge that he also contributed to the environment of that show, for quite a period of time.  That however, doesn’t mean that a person can’t change their actions and raise awareness.  Good luck to everyone involved.  Let’s get real in our expectations and our actions…stop living in a fantasy world that very few people experience.  If the television executives cant do that…then, let those select few be their audience! 

           The Insider is supposed to be about the entertainment world…and it isn’t entertaining to their viewers to watch those who have been blessed financially live in ways that are wasteful when they are struggling to live above the poverty level.

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