posted on Sep, 20 2008 @ 01:07 AM
First off, there are MANY reasons why this "Financial Crisis" came to be. Let me start by telling everyone on here that it is NOT an "Economic
Crisis", it is a "Financial Crisis". There is a major difference and a blatant distinction between the two. This "crisis" is only affecting Wall
Street, not our Main Street Economic Abilities. DO NOT panic, DO NOT start pulling your money out of investments or holdings, THAT is what leads to a
collapse. This is simply a dip.
Second, I, and others whom I have known for a long time, have been saying for years that this was going to happen. Why you ask? Here are some
-Our Economy and Financial Institutions began an upswing in the late 1980's/ early 1990's. It peaked just recently, and so we have essentially been
living in an EXTREMELY prosperous Economic period for nearly Two Decades. As anyone knows, you can only achieve a certain height before you have to
come back down. This applies to many things in life, but in this case we are referring to the United States Economy. A very close acquaintance of mine
mentioned as far back as 10-15 years ago that we were going to have to come back down sooner rather than later. In a sense, a Bubble has to Burst at
some point in time. Just look at the History of this Nation, and you will see a Roller Coaster Effect of everything, ranging from Wars, to Economic
Status, and Waves of Immigration. NOTHING stays where it is forever, this is a reality of life.
-The greed which has infected CEO's, Boards, and Many Business Owners has been building rapidly over the past Decade. There are more and more young,
naive, and downright ignorant individuals being placed into positions of power within Corporations. Some of these individuals even go as far as
actually openly bragging about how they rip employees and customers off, and how they exploit the system. They want the big money, and they want it
fast. Yet, at the same time, they have no business knowledge, nor experience, and thus they cut the core projects and divisions which bring in the
steady long-term finances. In other words, they could care less wether or not they are setting their business up for a total and complete collapse, as
long as they come out of it with a big fact check, and possibly a buy-out, they remain happy. I myself have seen this happen, and are currently seeing
this still happen, with certain Corporations that I am intimately familiar with. It is beyond frustrating, as MANY veteran employees know they are
being doomed, yet they have no authority to affect any true change within the Management Levels.
-The Current Congress (110th) has done absolutely NOTHING for this Nation. Squat. The only issue this current Congress has consumed itself with is the
destruction of the Current United States Presidential Administration. They are focusing on vengeance, and nothing more. They stall EVERY last idea
that comes from the Executive Branch, even if it is a good one, simply to suit their egos and Partisan Ideologies. The Legislative Branch in all due
respects has far more power than the United States President. They can deny budgets, veto proposals, and pull every last financial string existing in
the United States of America. They are FAR more responsible for not managing American Budgetary issues, than any U.S. President ever has been, is, or
We keep discussing the need for a "Shake-up" in Washington, D.C., but no one seems to focus that statement towards the Legislators. If you really
want to Shake Things Up in Washington, Focus on who you are voting for this November in the United States Senate, and the United States House of
Representatives. We have all of these egomaniacs who chair committees, and they never face a Power Loss because most constituents always vote for
Incumbents, all due to Name Recognition. We are studying our Presidential and Vice-Presidential Candidates, but you also need to study your
Representatives as well. Do not let the Executive Election distract from or overshadow the Legislative one as well.