Yes I've been putting you off dearest blog and alas September is over tomorrow. Not to neglect a whole month and lead those to believe that there was nothing important to say I will say this.
Certainly by now most of know about what's going on in our wonderful economy. Since I live so near to the heart beat of financial America and witnessing daily the toss up of relief or further pain with the fluctuation of the Dow, I can't help but watch in wonder. I don't think playing the ignorance card is a good one at this juncture but most people knew something big was going to happen. Usually when the economy is doing good it's because certain people are making money. Personally I have no stake in the stock market, my wife has a 401k but that's probably as close as I will get. In a global economy where the actions of a bank on the other side of the world effects the lives of millions on the other side of the world has to make you stop and think.
If a number of people default on mortgages and loans here then what must that be doing to other people within our own country let alone in other countries? I saw a statistic of what certain CEO's lost in this recent meltdown of the economy. For example the former CEO of Bear Stearns in January of 2007 had assets worth over 1 billion dollars. Those assets are now only (and I use only cause that's the only word I can think of) 50 million dollars. You see that's a loss of 950 million dollars. I get upset when I waste 20 bucks on something that doesn't work but 950 million?
I don't get the American system but when I think about the millions of people who die because they don't have clean water or the teenagers who feel that there lives are worthless because of the amount of poverty they live in makes me wonder how we care more for those who can basically have it all but not care for those who really need it all. So our government fights things out on how to use 700 billion dollars to maybe potentially make life a little easier for those who have more money and luxury than most can fathom. Call it a bail out or call it a farce. Whatever happens don't be surprised if the "little man" will be footing the bill.
Oh, yes there is a purpose as to why I put the poster for the Texas Chainsaw Massacre on the post.
