Friday, August 8, 2008

Perfect storm – Rough Times now and coming…

When we observe the conditions that are forming our current political and financial situation, many people refer to the movie, “The Perfect Storm”. In this movie, a fishing boat captain, who needed to get his catch to market, ran through a juncture of several storms in the north Atlantic, which combined to make a “Perfect Storm” with larger waves, currents, and winds than any normal storm could generate.
Today, we have several storms that are converging upon us;

1. The Iraq War
2. The Energy Crisis
3. The declining value of the Dollar
4. The mortgage crisis
5. The Job crisis
6. Corporate profiteering

Any one of these is bad; 2 or 3 are rough, but all 6? And a recession looming? Now you see why I am concerned.
The next President and his cabinet have a lot of work to do. Our country is at risk here; our Lifestyle – under attack! And our future is something WE need to get under control. There is almost no one that I meet today who is NOT affected by these issues. Especially people who want to heat their houses this coming winter.
The bad news is that it may get worse before it gets better. Mortgages are still adjusting (until 2010). The war in Iraq and Afghanistan will take years to resolve, with a horrific cost of American lives.
Our Dollar continues to buy less.
The mortgage crisis has shaken the banking industry, and Wall Street.
Unemployment claims are at an all-time high, not counting people who have lost benefits.
And we still see the incredible CEO incomes and buyouts continuing, while real wages decline and jobs get outsourced.
This needs to change. Obama and McCain, Are you listening?
My voice is just one; we need to articulate this to all our elected officials. The time for “lip service” and condescension is over; we need action and real solutions, not proposed by Lobbyists, but by our elected officials and educational institutions. So pass this on, add your comments, and make our pain be heard by our government. The time for action is now.
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