Thursday, September 18, 2008

Economically speaking

One of the major issues that will probably decide this year's presidential election is the economy. While both candidates throw out promises that we know they can't keep, the economy continues to suffer. Every day it seems like there is news about somebody financial company filing for bankruptcy or being bought by a larger company. From Lehman Brothers to AIG to Countrywide to Morgan Stanley and so on and so on. The stock market had a terrible day yesterday but rebounded today on news that sounded good. I went through almost five years of learning about what makes this economy run and personal finance etc. It's not easy. As a matter of fact, its much more difficult than I thought it was going to be. People continue to lose jobs to cheap overseas labor. Gas prices are back up after going down a tiny bit for a minute. Retail stores keep reporting lower sales numbers than expected. I see it at work everyday. People have their hours cut and have to find another way to make money. Hurricane season also has had an effect on the economy. I can go on and on about what the causes are, but what good would that do? We need answers. Right now I don't think anyone has the answers. I wish I trusted one of these politicians to do something about the economy, but I don't. I don't trust politicians period. This is their career. So if they don't win elections then they can't do their jobs too well right? That's how I see it and think that's the reason they lie about what they will and won't do. So who do I trust to fix the economy? Nobody...I just hope that it happens and fast.

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