My dear readers - 12
It’s like a kaleidoscope:
Bank of America, Morgan Stanley, Citigroup, General Motors, Chrysler, Circuit City.
My heart rate went up as I wrote that last sentence.
I live in Rochester, New York where Kodak is now a spit of its former self, and Xerox just announced it’s laying off 275 people.
Now I’m hyperventilating.
The news is overflowing with these horror stories of corporation after corporation after corporation falling apart.
But like the knight in shining armor, in comes the government with a rescue bailout comprised of billions and billions of dollars.
Now, dear friends I ask you, where is our bailout plan?
Hopefully Obama, for whom I already have great respect, will come through with an economic stimulus package for us Main Street dwellers.
But in the meantime, everything is crashing down around us and we are treading water, with shoes of lead on, trying to survive.
What’s the answer?
I do have one, but there are also things you can do right now and I’ll start sharing those in my future posts.
By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.
Tags: Banking Crisis, Corney's Model, Financial Crisis, Geithner, IRS, Stimulus Bill, Taxes
February 16th, 2009 at 10:01 am
Just wanted to say HI. I found your blog a few days ago on Technorati and have been reading it over the past few days.