Yesterday as I was driving from Tampa to Orlando I happened to catch two very different talk shows on the radio. One was a liberal talk show and the other was a conservative talk show host. Both "mouths" agreed that we have a problem--the American economy and that someone was to blame. However, the sad issue is that instead of looking for solutions the two dirt bags blamed the opposing parties for the mess. For instance, the liberal arrogantly pointed the finger to President Bush, oil barons, and wealthy Americans. The conservative attacked President Bill Clinton, government control and narrow thinking social reformers. The point is, both parties are to blame for the destruction of our way of life.
What do you mean? Well, let's take an obese person. That man or woman who tips the scale at 450 pounds did not get there from eating a candy bar yesterday. But rather, they got to be overweight by eating candy bars, fried chicken, pigs feet, and drinking coke for several years. It was a gradual process of over indulgence and arrogance. Well, the same is with the economy. The eroding of our capital base started at least 30 years ago through the reign of Democrats and Republicans. But because we acted arrogant in that the American economy was invincible and that we are "the power" we allowed selfish, and illegal policies and activities to proceed unchecked or questioned. Now look at us.
We are on the verge of an economic depression that may make the 1929 stock market clash look like a Sunday walk through the park. Right now, every segment of America is in jeopardy. The nation is so close to a meltdown that it is not only scary but individually deflating. It is not the time to place the blame on political ideology; but rather, to find solutions to our problems. My two kids don't give a damn about what Bush or Clinton did or did not do--they simply want to known can Daddy provide for their needs. So while you debate the silly arguments concerning the experiences, looks, lies, philosophies of the presidential candidates reflect on what needs to take place to reverse the engines of depression.
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Well, Vibert.
Unfortunately, this problem has been coming for some time. Warren Buffett called it some time ago, the financial time bomb. The sub-prime mortgage crisis has brought several large, well-established firms down and several more are seeking shelter in the arms of the Fed.
And as the banks fail, the ripples are felt all across the economy. Those companies that are fiscally conservative should be able to ride out the storm. And we just have to hold on. Maybe we should plant tomatoes instead of flowers...
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