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A Song For Our TImes
Jan 17, 2008

From Pam's Coffee Conversation: A Song For Our TImes:



Dow sinks 300, economic woes maim stocks

" Stocks skidded lower Thursday after a regional Federal Reserve report showed a sharp decline in manufacturing activity and as investors grew concerned that downgrades of key bond insurers could trigger further trouble with souring debt."
Friends,

It certainly didn't take a Federal Reserve report for most Americans to know that America doesn't manufacture anything anymore, Just ask any parent who is trying to find a toy for their child that wasn't made in China.

The problems in the US economy ( in specific) and the global market ( in general ) did not happen over night and will not be resolved quickly. No stimulus package is going to immediately turn around a run-way train that has jumped the tracks and has been moving full speed in the wrong direction for years.

If any elected official, campaign candidate, or other politician promises to turn around the American economy in a year and promises to do so painlessly, they are simply lying.

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Posted: Jan 17, 2008 5:16pm

 
 
 
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Author

Pamela Kemp
female , single
Philadelphia, PA, USA
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