Friday, January 23, 2009
Trying To Hang On
A lot has happened this past week, and I think it is going to take me a while to let it all sink in. While the politicians in Washington debate, many throughout the country try to hang on. We have been told that the economy may get worse before it gets better. The Federal Government can take steps to slow, stop and turn around the economic spiral downward. It need not be done because of a war like it was done at the time of World War II. There is much work that needs to be done right here within the United States. The banking system and the capital markets need to be addressed. The flow of money, the creation of credit, the securitization of debt and the distribution of honest investment products are all necessary components of our economy in the 21st century. Without all of these components working properly, the growth, the expansion and the revitalization of our domestic economy is not possible. The field needs to be leveled, the white lines drawn and the rules of the game need to be enforced. People will come and play, but only when they perceive that the game is on the up and up. Trust and confidence must be restored so the game can go on. I just hope that there are enough people in Washington that care that there are people throughout the country trying to hang on.