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Posts Tagged ‘economy’

       Donald Trump has resigned from the Trump Entertainment Resorts.  He allegedly says that if he can’t manage something, then it isn’t for him.  After he resigned from the board, the company filed a Chapter 11 bankruptsy protection proceeding…this is the third time that they have done that.

        Mr. Trump had allegedly wanted to buy the company and take it private; but, it appears that the bond holders chose not to go that route.  It must be frustrating to have a company that is known by your name, but, have very little control over their actual business decisions.  (more…)

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     I don’t know about you…but, I find it heartbreaking that businesses here in the US are dropping like flies.  Today, it was announced that Circuit City has gotten the go ahead to liquidate their assets, since they were not able to secure a buyout or a refinancing plan.  

     Five hundred and sixty seven Circuit City stores in the US are involved; and, that means that over 30,000 employees are now going to be unemployed soon.  The thing is that the merchandise will now be liquidated and it will unleash an ongoing picking of the bones of merchandise; until that merchandise is sold off to help offset Circuit City’s debt load.  There are always those who will take joy or glee from someone else’s misfortune; or find a way to benefit from it.   Just this past week, Osama Bin Laden released a tape where he appeared to gloat at the United States’ financial chaos.  That just doesn’t sit well.

        I hate to even hear about liquidation sales.  In theory, I don’t like the fact that people will flock to those stores to get “great deals” that most of them really can’t afford; but, can’t seem to resist since the prices are at “rock bottom”.   Often, they really aren’t…it is all in the perception.  Still, those kinds of sales feel like vultures are picking the bones of a carcass on the side of the road to me.   

     I’ve often thought to myself…if all of those people who flock to those liquidation sales would have shopped there previous to the liquidation sales; then, maybe they wouldn’t have had to file bankruptsy, and gone out of  business in the first place.  That might be a bit judgemental…but, it is my opinion…nothing more.    On the other hand, the stuff has to be sold to “help” Circuit City meet the financial demands of their creditors.  Therefore, the liquidators are providing a service to the owners and operators that is badly needed.

          It is still sad though that the stores involved in these situations, often even look like skeletons.  They have the heavy environment of sadness and depression.  The workers that stay- -stay because they need every day on the job that they can get, in this economy; before having to pound the pavement looking for a replacement job or filing for unemployment.  The stores begin to take on the appearance of a person who is terminally ill; but, is fighting to survive no matter the cost.  The shelves are bare in spots and the products are often sold without their boxes or original packaging; and, off of display shelves…meaning they are sold as is…with or without instructions, adaptors, cords, or add-ons.  It is terribly sad.  Eventually, there is nothing left to sell but display racks, shelves, registers and lighting. 

     All in all…it ups the pressure on those trying to steer the economy of the US, as it struggles to regain a foothold on the slippery slope to financial stability.  This sad news will add another 30,000 job seekers to the already saturated job market…and, add burdens to those families who are fearful and struggling to survive the financial woes of our country.   It is bad news to those who hoped that 2009 would be the beginning of  a financial recovery period for those who are trying to earn an honest living.   I wish them well.

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Ok, President Elect Barack Obama is suggesting people and businesses be proactive about the economy. He has suggested many things to help the economy and the environment. I for one am not in the position of replacing my home heating system. But, this I can do…i can replace my lightbulbs with the more energy efficient CFL lightbulbs.

I have tried it before on an experimental basis. I loved the fact that they last longer. I didn’t love the fact that they were more expensive than traditional bulbs. My family complained…loudly when the lights in the bathroom took forever to complete lighting up. They slowly go from dim to full lighting in a matter of a minute and a half or so.

While that may not be a problem for a lot of people, our bathroom has no window…it is completely dark without full lighting. So, I guess I will have to make a committment here. Either quit dipping my toe in the idea of saving on electricity/energy use or not. The light in the bathroom has a strip of lightbulbs over the medicine cabinet over the sink. It has four. So, maybe in that strip i will put in the CFL lights except in the space closest to the door.

The other rooms of the house will be easier as there are windows in every other room. There are several rooms with ceiling fans which have four spots for lightbulbs. Hmmm…does this mean four times the savings in energy use? Yes it does.

I think i will begin slowly replacing the lightbulbs with the CFL ones. It will initially take more money to buy the bulbs…but, since i need to buy lightbulbs now anyway…i may as well begin the switch. How about you? What will you do to help the environment and the economy?

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        How many of you have ever had knowledge of an emergency situation where someone is bleeding profusely?  Emergency training teaches to apply pressure; or, to use a tourniquiet to temporarily stop the blood loss.  It is no different with our financial crisis; yet, apparently in a move that goes against common sense…we are bleeding green…sending more and more money to problematic areas that are already bleeding out.

           What we need is a check and balance here…someone to triage…find out who we can afford to let go on to their great reward.  We can’t save everyone here financially speaking.  So, if we are going to attempt to try to turn the tide with this financial mess…we need to find the most effective way to pump money back into the economy in a way that is going to repair the situation.  Not prolong the agony.  Those companies that would abuse the help provided them should be held accountable.  The governmental leaders who are in charge should be held accountable if they fail to serve honorably; by not keeping track of the ebb and flow of the bailout plan.  It should be considered a crime to fail at accounting for each and every dime of the bailout money that does not produce a positive outcome on the economy.  It would challenge those who benefit from the rescue plan to strictly monitor the use of such money entrusted to them!

         Americans are angry about this whole situation.  They are struggling and there is no safety net waiting for them when they fail financially…so, their expectations of our leaders who are guiding the ship in regards to the bailout, are high.  Those expectations are not currently being met…and Americans have had their fill of leaders and organizations who abuse their power and influence over our society.  The impact of such irresponsible behavior is what has brought us to this place and time in history; it is unacceptable.

         Allegedly, reports have surfaced, twice now, on AIG as having pricey get-to-gethers since they have come knocking on the government’s door begging for bailouts to keep them from filing for a $150 billion dollar bankruptcy.  This is seen by many as an excessive fly- in- your- face disregard for the sacrifices that tax payers are taking on, by dolling out the $40 billion dollars that the treasury has set aside to help put AIG back in black.

          What is madness is that this kind of behavior seems to go without consequences except to the country as a whole.  We are drowning in poor choices, in excesses that failing business expect others to dig them out of.  If a small business owner took on that kind of attitude…there would be nothing but financial ruin in their future…not a reward of an all expense paid trip to a spa on the taxpayers!

           The average American is drowning as well.  There are no individual life rings being tossed to the middle class taxpayer.  We are being hit from all sides by the economy, taxation, educational funding, rising cost of living bills, home heating costs, gasoline, medical costs; and still, more and more people are loosing their jobs or their investments.  Home foreclosure is at an all time high.

           How in the world are taxpayers going to pay more to bailout anyone when they are barely keeping afloat themselves with the drain on their incomes?  If people don’t have jobs, they can’t pay taxes.  Common sense dictates that we examine closely where all of this bailout money is coming from; and, limit those who are benefitting from the rescue money. If some business or organization is not being fiscally responsible they should not then be given a blank check to continue the party.  

        This is not a free for all…We need someone in a position to regulate the flow of green; apply some pressure.  We are living in an unprecedented time of national debt…it just makes sense to be watching our bottom line.  There is nothing wrong with taking a little time to evaluate the situation and make an informed decision about the best way to tackle this mess.   Remember Russia and the collapse of their union?  Are we looking to make history as the next nation to collapse from the inside out?

          

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        Here is a story that illustrates the breakdown of American business.  Jim Crosby and his sister Linette are in a fierce and immediate battle to save their family owned mint farm business.  They are to be foreclosed on, any day now…they need to sell bottles of mint oil to save their business.  They are located in St. Johns, Michigan.  Michigan is one of the hardest hit states when it comes to the economy.  People here are struggling to hang on to the most basic necessities of life…this family only wants to be able to continue to provide a service to their customers…both old and NEW!  It is their dream to be able to continue marketing their mint oil.

         Their business has been owned by their family members since the early nineteen hundreds.  This is their legacy…and it needs an influx of cash, today.  You can visit their website ( http://www.getmint.com)  and help, to try to save an American owned business.   In a day and age where American business owners are moving out of the country left and right, to get cheaper labor and make more of a profit; it is nice to be able to support a company that has stayed in America while producing their product.  If you use mint oil for cooking, baking, tea, health aid, air freshner…or any other use…please buy from this company and help them stay in business…but, don’t dawdle…they need cash now to stay in business.  The bank that is planning to foreclose on them…could take their bottles of oil and they could take the equipment needed to continue producing the oil…thereby, putting them out of business.

         We have to make a stand for some kind of return to common sense…producing in America, selling in America and buying in America…this is how we build a strong infrastructure in the country once again.  You can build up business, jobs, and housing markets by keeping American’s working.  You want to strenthen the economy?  Stop buying everything from other countries (because it’s cheaper) and start supporting American owned and operated business that produce quality products.  The job or business that you save just might be your own!

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       There was a recent announcement that Colin Powell, former Secretary Of State, has given his endorsement of Barack Obama.  Powell has been a pretty well respected retired United States General.  He was once approached about running for the Presidency but he turned that idea down.  Powell is a respected Republican.  A Republican that is concerned with the direction that the party has been taking in recent years…he is not alone.  However, he not only says he is voting for Barack Obama…he has itemized his reasons for doing so.

       Powell says that Obama’s campaign is of an “inclusive nature”…and that Barack is steady, intelluctually curious and that he exhibits depth of knowledge.  This puts his stamp of approval on the Obama campaign.  In contrast, he says that he is very concerned about the negativity in the John McCain campaign…that it is inappropriate.

        This is America…and everyone has a right to feel strongly about their leaders in public office.  I think that Colin Powell will have a lot of influence on those who hear his expressions of support.  Is it right for someone who is so very powerful and famous to publically state their position?

         I think many people who have been staunch supporter of the Republican party has felt divided with the direction that the party has taken over the last 8 years.  It would be wise for the Republican party to take notice of the conflict of those who align themselves with the party.  Rest assured that the Democratic party is taking notes.

          I also feel that the media has been overwhelming supportive of the Barack Obama campaign.  This has helped to slant the political temperature in our nation, as well as several other factors.  The American public has been very unhappy with the course the United States has been heading since President Bush has been in office.  This is unprecedented…an all time Presidential lack of support.  It is sad; but why do leaders back themselves into a corner this way.  I think a candidate should run on it’s own positions…but then they wouldn’t get the kind of funding that they do from their individual parties i guess.  There is alot wrong with our system that spends so much money on negative advertising, up to 30 million a week, when this country is in the financial condition that it is in.  There should be a rising up of protest over such shennanigans.  That shows a lack of fiscal responsibility to me, right there!!!

          What is going to happen on election day?  Who knows.  Whatever happens…we have to find a way in this country to try to unite behind our leaders and try to correctly establish some stability, some respect within other countries for the reputation of the United States…and, we have to get the American people working, saving, living productive lives and re-investing in the society of the United States once again.  The alternative is frightening…divisive relationships, a broken economy, a weakened image, and a Congress that is locked in an ineffectual battle of positions that can no longer function and provide the American citizens with leadership that performs as it is supposed to perform; with integrity and a sincere desire to represent the public in how they vote.  Do you think this country will find a way to heal itself after this election?

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         Last Thursday, the McCain campaign decided to stop aggressively campaigning in Michigan.  This is a mistake, as Sarah Palin at least recognizes.  She has expressed a desire to come back to Michigan to continue campaigning.  I say to you Senator McCain…Michigan Matters!!!  Do not give up on Michigan. 

         The voter’s in Michigan can make a big difference in this Presidential campaign; every vote counts!  Remember the fierce contest between Bush and Gore?  Please respect the voters who haven’t made up their minds by understanding that many of them are on the fence; give them a reason to support your team.  For those who choose to support Obama-Biden…it gives them an unfair advantage to influence the voters; who may feel abandoned by half of the Presidential nominees.

         We are a unique state, in a lot of ways.  We are also mavericks.  We have overcome alot.  Many of us, those who have continued to stay in Michigan despite the economic difficulties, are strong willed.  We have been overlooked in the primaries…our votes were cut in half.  Do you think that is ok with us?  No!  Now we are being told that you aren’t thinking that we are worth your time to campaign here; because, some stupid polls are saying that Obama is ahead in numbers?  Come on…give us some credit for making our own decisions politically.  Polls don’t always transition to winning votes when push comes to shove.  Your decision to exclude Michigan from further campaigning is going to carry some serious impact on the outcome of the election.  Every votes counts…are you willing to gamble with the votes that you have already gained by ignorning those who haven’t made up their minds?

         With your history of heroic action in the military…i didn’t figure you for a quitter.  What if your country had given up on you?   Your running mate doesn’t appear to give up easily!  If you trust her decision making ability, you will reconsider the decision to stop campaigning in Michigan.  I say to you…when things look the bleakest…that is when the most amazing things happen; things miraculous! 

         Take a stand, send Sarah; matter of a fact… come back yourself.  Even the runt of a litter that gets picked rewards it’s caretaker with loyalty.  This state has a history of turning things around…we’ve done it before…and, we are going to do it again.  We have gone through difficulties with businesses closing up and moving out of state or, out of country; we have had the automobile industry take some hard hits…we have struggled to survive.  We are going to be on the forefront of the alternative energy field…we are going to turn the economic predictions for Michigan on it’s head.

         We don’t forget those that stick by us.   Maybe it is time to remind you that Detroit, one of the biggest cities in Michigan, has been RECENTLY scandalized by Detroit’s former mayor, DEMOCRAT Kwame Kilpatrick and his behavior.   We want a candidate for President who respects the citizens of this nation and has their best interest at heart.  Is that candidate you?

         Michigan remembers the bullying tactics that Kilpatrick’s team allegedly used to try to stay in power…Republicans could use that behavior in their favor; as they try to win this state in the Presidential election.  Come on, refocus on the voters in Michigan that have been feeling neglected, abused and in-validated over the last year, in the tug of war for votes.  It is time to remind the world that Republicans understand that, every vote counts!

        There is a grass roots effort to get 100,000 signatures on a petition to bring the McCain-Palin campaign back to michigan here: www.fightformichigan.com  Make your voice heard!  If you only hear once side of an argument (or campaign) how do you think that will influence the outcome?  There is another organization that is going to try to express the opposition to the Obama-Biden campaign message www.ourcountrydeservesbetter.com by spending up to $500,000 on advertising a Stop Obama campaign.  People can’t make informed choices if they are only given one choice…all we ask is give us options in our choosing!

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