Yes, and I fear the bail out bill was set up to "pay back" his friends and contributors more than to help the economy. It was forced on us without public discussion and/or transparency.
If the balance is not released during this administration, we will have to with hold judgement until Obama takes over.
I received an email today that I thought was nice. For all the divisiveness of politics and religion, this was a breath of fresh air...conservative Christians asking for all to pray for Obama and the job he faces as president, regardless of our political views. If you're interested...
www.prayingforthepresident.org.
Jillian
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"Disappointments are inevitable. Discouragement is a choice."
Using the link, I got information re: bush. Obama was elected by both the electoral college vote and the popular vote. He IS the president elect, soon to be president (like it or not). In my opinion we can only hope and pray that his presidency is successful and uneventful. You only need to look at history to see what "might" happen. We are living in uncertain and "interesting" times as it is!!
The time may have arrived when one has to weigh ones words carefully. I am assuming it has for my personal safety.
Below is the opening paragraph of the Yahoo News report on the G20 Economic Summit. It explains the administration's rush and bush looking ill of late. This is what I suspected and feared.
Slàinte,
Patch
"WASHINGTON – President George W. Bush underscored how dire the economic crisis has become when he told world leaders that he had agreed to a $700 billion rescue plan for financial institutions only after he'd learned the U.S. was at risk of sinking into a "depression greater than the Great Depression."
And we got this way HOW???????? It seems ironic, doesn't it???? We helped so many people in the world....Are world leaders going to help US in OUR time of NEED???
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]AN EXCERPT FROM A POEM THAT I WROTE ON 10/11/07
WE CAN'T CHANGE WHAT WE HAVE DONE.... BUT ONLY TAKE A LESSON FROM EACH EXPERIENCE AND MAKE THE MOST OF EACH MINUTE THAT WE HAVE LEFT AND TELL OURELVES THAT IT IS OK TO LIVE, LAUGH AND CRY..... PAST, PRESENT AND FUTURE ALL WORK TOGETHER TO GIVE US WHAT WE CAN AND SHOULD EXPERIENCE AND WE NEED TO CHERISH ALL OF THE TIME THAT WE SPEND WITH OURSELVES AND OTHERS MAKING THE MOST OF THE SPECIAL MEMORIES THAT ARE OURS.. AND THE ONES THAT WE HAVE YET TO CREATE WITH THE PEOPLE THAT WE HAVEN'T MET!!!!![/SIZE]
It is ironic and I am not holding my breath waiting for help. What help we get will be only if it benefits them, not necessarily us! We desperately need natural recourses and industry and rather quickly too. We have the same problem as Russia with oil. We have it but now the recovery cost exceeds the market price per barrel of crude.
I see that Wall Street blames todays decline on continued deflation in the market place.
Is it just me or does none of this make sense to others too?
I just read that the Somali pirates have collected over 150 M in ransoms in the past 12 months and that does not include proceeds from hi-jacked cargo. It appears to be a very lucrative "business."
Crude closed below $50.00 a barrel for the first time since 2001. Gas prices are now falling faster than the price of crude which puts refiners in a bind. I saw on gas buddy that the Kansas City price for gas was $1.50. It is hard to remember that far back!
Glenn Beck got so depressing today, I had to turn him off.
Crude closed below $50.00 a barrel for the first time since 2001. Gas prices are now falling faster than the price of crude which puts refiners in a bind. I saw on gas buddy that the Kansas City price for gas was $1.50. It is hard to remember that far back!
Glenn Beck got so depressing today, I had to turn him off.
Slàinte,
Patch
I wouldn’t be surprised if the price of crude was deliberately dropped by the oil companies, so that the public will for get about building hybrid’s and electric cars, (that is if we still have a car industry left). I think it’s their way of sucking every last cent out of us.
That is a possibility. I have noticed when traveling though that there are a lot less cars on the road. One stretch of two lane between here and the Capitol used to be impossible to pass slow moving trucks on. No problems today. Several of the clerks where I buy gas locally have told me that sales are down to the point that they are thinking of closing some stations. The only thing I am sure of today is that we have seen "nothing" yet. The worst is still a good way into the future.
In my wanderings today, I was by the local GM dealer. They had worked their inventory down and today they had at least 25 new high dollar SUV's, probably more. They had so many additional full size pickups that they had to use one side of their used car lot to park them. I wonder if GM is unloading inventory on the dealerships. The vehicles still belong to GM but the dealership has to pay the "floor plan rate" which the last I knew was 12 to 16% annually depending on volume.
Slàinte,
Patch
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