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Posts Tagged ‘retirement’

         What a stinking mess we are living with.  Fear smells up a place…we have a huge financial crisis, a huge political crisis; and, it could be a privotal moment of rescue or a plunge into the abyss and truthfully, the whole thing could go either way!

          Huge meetings are taking place in Washington…panic is like a throbbing headache…it is there making it presence known…threatening to turn into something much worse than a mere pain.  Into the frey, we have a bailout plan that was possibly agreed upon, until some say McCain derailed it with the House Republicans who disagreed strongly with parts of the plan. 

          Throw on top of that…a debate that is scheduled for tonight between Sen. McCain and Sen. Barack Obama.  Battle lines have been drawn, in a somewhat blurry manner.  Sen. Obama says he will definately show up for the debate…McCain says…we should reschedule the debate and focus on this immediate crisis with a plan for the financial stabilization for our country.  Our leaders have been in financial denial too long to let this negatively impact our country any longer.  It is time for commitment to understanding the problem and taking action.

          Who is correct…Obama says the debates are important to help the people understand how the Senators would handle things if they were the chosen one for the Presidential office.  McCain says, these meetings in Washington are critical and that they should be involved in them.  This whole thing is larger than a difference of opinion.  Does it say something very basic about Obama’s nature to hold to the plan for the debate when all of the rest of the country is focussed on this crisis?  Does he feel set apart from it all?  Or is he making a statement by letting the others take the action behind the scenes?  Is he right to stay out of it?  Or should he be more involved? If he doesn’t get involved in the planning of the bailout…will he understand best how to run the country if he should win the election?  Will Obama will the voter’s approval in November for not going to Washington at this time? 

        Is McCain right to be in the middle of things?  Should he be in there fighting for the things to be included or excluded in the bailout plan?  If he wins the election will it help him to run the country by being involved in the planning of the bailout?  Should he back out of it and go do the debate?  Will McCain’s involvement hurt his chances for election in November?  Or will he be seen as trying to make a difference?  Does his involvement help or hurt his chances for election?

          What i don’t understand is why they both can’t be right?  Why can’t the debate be moved to Washington and take place there…while the rest of their time could be focussed on the meetings to keep current on what is happening behind closed doors.  Those meeting are going to not only impact the country in deep and profound ways…but, will also impact whoever does end up in the Presidential position!  This is real, this is so much bigger than either of the candidates and they both need to understand that the American people are going to have their decision made for them by the end of this crisis!

          This is no time for game playing, no time for political mud slinging, no time for experimentation…this country is looking for someone to take the helm of this country and be proactive in guiding the ship to a safer, less rocky course than it is on at this very moment in time. 

          Wall Street is in turmoil, the American tax paying public is in no position to fund a bailout when most of it’s residents are barely surviving as it is.  Banks are collapsing, housing is bottoming out, businesses are busting out all over the place, people’s investments and retirements are in jeparody…this is shaky ground; reminescent of what happened in Russia just a few short years ago. 

          Other countries are getting nervous as well.  Beware of the person who says they have all of the answers…because no one possibly can.  This is uncharted areas of expertise.  The last thing we need is a knee jerk policy…however, we need to start doing some major corrective action or things will not be able to recover. 

           Anyone with half of a brain knows that you don’t make crucial decisions when everything is imploding…because you need to make rational choices.  How in the heck did we get this far gone in this country before the “experts” in the markets and financial infrastructure sent up a red flag or a flare?  Couldn’t they see this coming down the road early enough to start changing the direction of this disaster?

           People’s very quality of life is slipping through the cracks of our governing body.  Something has to be done…but, who knows best?  Who do we trust?  Are we going to waste time having a political showdown between the two very people who could possibly be running the government in less than two or three months?  The sky is falling people…the sky is falling…for real this time; we are not crying wolf when we say…we need an immediate comprehensive plan to stop this country from disappearing into a black hole in the universe!  It is time to pray for the leadership of this country and ask that they be given wisdom in their decision making!!!  update:  Breaking news…McCain now says: he WILL attend the debate this evening in Oxford, Mississippi!

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        You know what…i don’t know much about foreclosures on a home; but, my family came closer to it than i want to think about this past winter.  I know that foreclosure is happening to more and more people.  I live in a state where the economy is all but paralyzed.  People are loosing their jobs, left and right.  The cost of living is skyrocketing.  I know people who are working two jobs and still are struggling to survive.   I also know people who have gone to donate blood and plasma just so that they had gas money to drive back and forth to work.  This puts the quality of life into the depression era, as far as I am concerned.  Foreclosure can happen to anyone because, right now, the economy stinks.

         This past week, we have heard about a couple of high profile people, Evander Holyfield and Ed McMahon, who are possibly loosing their homes to foreclosure.  One of them, Ed McMahon seems an unlikely candidate to loose his home to foreclosure…however, Ed explains his situation.  He says that he wasn’t paying attention to how his money was managed by business people.  He also says some personal difficulties such as divorce and a broken neck decreased his finances and his ability to work.  He says that he worked hard all of his life.  Alot of people are in the same situation…maybe they can’t even retire or pay for their child’s college because of their financial situation and the possible loss of their home.

           Ed McMahon talks about the million, or so, people in the United States that are now facing foreclosure and says that he understands how people are working hard and due to their personal circumstances they could lose their homes.  Many of them, Ed says, didn’t do anything wrong…maybe they lost their jobs or face medical, financial difficulties…but because of those situations…they are being forced out of their homes that they worked so hard to have.  He says he would like to tell them to find the best help available and to not give up. 

         Those explanations are real life for alot of people.  It has been recently estimated that 1percent of home mortgages have gone into foreclosure from January- March of this year alone; that is around 447,723 families.  Divorce, job downsizing, health issues and the economy are putting more and more people in jeparody of loosing their homes.  For most people, their home is one of their biggest assests or investments.  How does this concern you?   Let’s take a look… 

          The problem is…as the economy worsens…more people loose their homes and that means that more homes are on the market.  Say you want to sell your home…how are you going to do that with all of the houses sitting empty on your street, in your neighborhood, or your town or state?  And if you are lucky enough to find someone who wants YOUR house….will they give you what you have to have financially for it?   Housing that is devalued further complicates the issue.  Propety values plummet in areas where there are many foreclosures.   When people owe more on their house then it is worth, because of the devaluing of it…they can’t sell it without taking a huge financial loss; not to mention coming up with the money to move somewhere else.  The stress and the emotional toll it takes is devastating.  It is a bit like a chain reaction…because then their credit is damaged…and finding another place to live is difficult, relationships take a beating in times of financial crisis too.  Other people can be quite judgmental and often people feel ashamed of what they are going through.  The changes that a family has to go through in a foreclosure has a far reaching impact on schools, jobs, relationships, health and emotional well-being.  I heard a random number tossed about in a news report of between 7-8,000 people enter into foreclosure procedures a DAY!  Those numbers are staggering…and devastating to our economy.

         There are those who say…well, those people shouldn’t have tried to live outside of their means.  That may be true in some circumstances; but, many of those in foreclosure had good paying jobs when they bought that home in good faith, they may have been in perfect health when they bought their home, the economy might have been healthier at the time of the home purchase.  Life is full of changes; foreclosure can happen to anyone!

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     My husband got his first e-zine article published today.  I am proud of him…he is learning so much in his new  business.  He re-designed his business blog making it more visually appealing.  It looks awesome.

      I believe that he is learning and growing in this online business.  He says he has so much more to learn.   Often people will get intimidated and just stop when things become too challenging; not my guy!

       He is an extra special man…he gives constantly of his time and his knowledge to others who are just starting their online business’s.  It helps that he is a people person and that he is straight up about what he knows and what he doesn’t.  If he doesn’t know an answer…he will find someone who does.  His customers understand that about him.  He has earned their trust.

      He is making a name for himself and earning the respect of others who have been doing this for quite some time.  Baby boomers are having to carve their own niche in supporting their families these days with the economy the way it is.  It is no longer feasible, in the larger sense, to start a job and expect to retire from that job in 20-25 years. 

       Half way through our journey in life…someone changed the rule book….lay offs and down sizing is now the name of the game.  There is very little security. 

        But, Baby Boomers need’s have not changed.  We all still need to have money to raise our families, pay for our mortgages, put away for retirement, and help out our aging parents.  It is hard to do that in a time when there is so much instability with jobs.

        I know that hubby has the weight of the world on his shoulders financially; but, he has accomplished so much in such a short time..that i just wanted to say how proud I am of him. 

        Now, if only the financial rewards were to become a bit more steady; i know that, he could really become a power house in helping others to improve their lives in the same way.  Other’s are more willing to follow in someone else’s footsteps if they see a clear path to success.

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