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Monday, September 29, 2008
Economic chaos rules the day
The Atlanta Journal-Constitution
Utter chaos.
Even though it sounds a bit overdramatic, that is about the best way to describe recent events.
That doesn’t even include the headache that is college football. Geesh. And people think we actually need a playoff.
The story begins two Sundays ago. I woke up and sat down with my first cup o’ joe and to get my fill of Sunday political talk. It started with a story on the gas shortage.
Hardly a minute later I realized I had about a quarter tank of gas. Soon, I was on my way to fill up. Luckily for me, I did.
Ever since, just about the only thing you are able to fill up on at gas stations is… caffeine. All the gas stations near my house and during my daily commute were either petroleum dead zones or witness to new levels of road rage, people getting in fights, and cars lined up and down streets creating traffic nightmares.
It was an unbelievable site.
Our governor says this problem is “self induced.” But this is also the same governor who has now had a term and a half to do something meaningful regarding transportation… and been a miserable failure.
Then there is this bailout mess that is basically a result of the whole mortgage fall out.
I have seen and read some economic experts say this plan has to happen or else we’re facing the next Great Depression… while others are saying “not so fast my friend” and some who say that it could create more problems because it would nearly destroy those property values who surround the “bail out properties”.
I don’t know who or what to believe. I do know this…
I, like many of you, pay my mortgage. I have never been late with my mortgage, nor have I ever missed a payment. I didn’t buy a house that I cant afford.
When companies are mismanaged and/or make bad investments - they typically fail. That is the risk of doing bad business. When they are effectively managed and make smart choices they typically succeed. That is the reward of doing good business.
It would seem to me that all this bailout is really doing is rewarding failure. Something this country seems to be doing a pretty good job of lately.
How are you handling all this chaos? Sound off Gwinnett! I know you have plenty of opinions about what is (and isn’t) happening. What should happen?
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