Friday, October 10, 2008

Just another typical day in 2008

Can I see a show of hands, who lost money yesterday? That's what I thought, most of you.

Who do you think has the answer to our failing economy?
Do you think it is going to get worse?
When will it get better?
Have you heard this is the end of the world as we know it?

Yesterday I happened to be tuned into MSNBC's end of the day bell ringer show when I heard a gasp as the DOW dropped below 9,000. I turned away and did something else and when I had returned the DOW was down to 8600. How much worse can this get. Is the bottom ZERO?

Some experts say we've seen the worst of it. Some say it is going to get worse. I say how can you tell? Jim Cramer says this is the end of the Western Financial Market. That is a bold statement.

I wonder how the government can continue to print money to solve this problem. They do not have $700 billion to fix it.

What if we pooled our resources? There is strength in numbers, right?

What I mean is, if tax payers did the opposite of what the government is doing and pooled resources and bought out the mortgages and let people stay in their homes either by renting or selling them back to them at a profit, wouldn't that begin to fix the economic crisis?

Mike Doran

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