According to numerous reports, over $700 Billion dollars in shareholder value was wiped out today in one single day of trading. This is after weeks of continued falling markets as a result of numerous outside pressures; so what do we do? Do we run scared screaming towards the hills, re-opening the doomsday shelters constructed in the 60s, and be like chicken little and say "...the sky is falling...the sky is falling?" Or do we do the complete opposite and say its going to be alright, act calm and practice the teachings of the Zen Dynasty. Regardless of your reaction there is a serious cause for concern, but maybe not outright panic just yet.
The deal is that this market is beating the hell out of the whole world and it is quite apparent that no one is making the right call to stop the bleeding. It is easy to point the finger at the world in hindsight and say this person is to blame and that person is to blame, but at the end of the day that is all old news and we should be like okay today is day 1 of the future. A combination of things need to happen right now and the answer is not lowering the interest rate to further devalue the U.S. dollar nor approving a stimulus package that is going to put cash in the U.S taxpayer's hand as a means to restart the economy. We need to save American Business and we need to save it now before it is completely gone. The world needs us and we need them, and as the saying goes..."as we go so does the rest of the world."
The morning after the scare is 9/16/2008; the first day to the rest of our lives. What are we going to do fellow Americans? Are we going to pull our money out tuck it under the mattress and hide our tail between our legs? Don't do that, that is what caused the Great Depression. Are we going to go buying crazy and buy up the world? Could work, but would it just prolong the inevitable? Here is a glimpse of my idea ... take a page out of FDRs book. Instead of throwing continued lifelines to Wall Street let's throw a lifeline to the American people and take a page out of FDR's policy and rebuild America. Let's put Americans back to work... we have bridges that need repair, roads that need to be fixed, intelligence software that needs to be developed, fiber lines that need to be laid, high speed rails that need to be constructed, hospitals that need to be built and staffed, etc. If we can put over $200 Billion into the markets we can throw that into the economy in a partisan, without the bureaucratic bs and put Americans back to work. If Americans are working then the cycle of the economy will flow properly. Right now its hiccuping because you have a class based society rapidly forming which is comprised of two classes the rich and the poor. Working class is fading way and it needs to remain strong or here we come 3rd world economy. The U.S. has remained resilient and strong throughout the years due to the fact that we had the working class/middle class; eliminate that and all hell breaks loose...this is just the tip of the iceberg.
Where does it begin...it begins by putting people into power that are focused on moving America forward. It starts with the baby boomer generation acknowledging that they don't know everything and relinquishing the death grip they have on this economy and allowing for the young professionals and workers continue to grow this Country. Yes we need to think Globally...its the way of the world is going to go, heck I have a International Business BA, but in order for us to be global we need to take care of home first. Let's get things straight and right so that this ship does not sink. Once right ourselves then we can help the world out... right now we are functioning under a failed policy and things must change otherwise DOW 8500 here we come...
Tuesday, September 16, 2008
500+ Falling Rock better known as the DOW on 9/15
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