Back To The Drawing Board

        Well, the powers that be have failed to pass legislation to authorize the “bailout” of the economy.  Now, we have all been told that something has to happen before the financial meltdown of the economy takes place.  With the failure to pass some kind of resolution, the DOW plunged 777 points as it became increasingly understood that the plan was not going to pass.

         Of course, there is the typical finger pointing on both sides of the aisle…Republican-Democratic each blaming the other.  Get over it, get back to work and get this mess figured out.   We don’t have time for those stupid games that politicians play.   The public is scared, they are angry and they are nervous…this is only going to make the situation worse. 

          The thing of it is..the longer this situation goes on…the worse the situation becomes.  Even those movers and shakers who WERE going to vote for this bailout plan…were saying how awful it was.  You know what that means…none of us are going to like it.  We are going to be hit where we hurt.  Many Americans are already living in the financial equivilancy of a critical care unit. 

           I am imagining it somewhat like a cancer patient who is told…that their disease is going to kill them.  But, aha…there is a treatment for you…it is dangerous, it is painful, it could have serious side-effects that no human being wants to endure…but, maybe, just maybe “You would like to give it a try?”

           What are we to do?   It is time to get back to the drawing board and fix this situation in a way that more House and Senate members can get behind…and soon!   Someone had better get back to work figuring this out…or the election in November is going to take on a whole new significance.  It might just be the election that no-one wants to win; as it could be like being told you get to be the captain of the most elite ship ever built…but, the name of that particular ship is called “The Titanic”.    Who wants to take on that legacy and have their name tied to it for all of eternity? 

          What is going to be the impact of this failure to direct some kind of stability in the financial well being of the United States of America?

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Titanic, US Economy & Rescue Boats…What Do They Have In Common

        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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