Archive for bailout

Finally (Red) Friday

Posted in Uncategorized with tags , , , , , on December 5, 2008 by lmdiorio

Opposites attract – take for example the following: falling, declining, down, up, rising, increasing.  What is the attraction?  Well – they are all words that are used to explain the various financial crises in the world today.  In November we experienced the largest loss of jobs since 1964, unemployment is up to 6.7%. The price of gasoline was at its highest over the summer in a long time and now it has fallen and one CEO is saying that it could fall to $1/gallon.  Yet the oil companies are experience rising profits.  The Federal government is providing various corporations with billions of dollars to “bail” them out of their financial hardships.  Taxes are going up or are they going downCuts or hikes? Banks are being bought and sold, some are strong and some are weak or not at all. I think I’ve been lucky.  I have a very steady job, business is good and I have great family and friends.  But all in all – the whole situation seems devastating to the psyche of a lot of people.  Was it avoidable – Yes, no, well if we did this and we did that – who knows.  Sure things are avoidable, hindsight is 20/20.  With the right precautions, colds are avoidable.  I’m not sure that the same applies here.

As opposites seem to be more of the same – I hope that we continue to try to move “Out of the blue (red) and into the black. “ I’m off to put some money back into the economy.