Posted by
Jay R on Friday, April 24, 2009 9:31:45 PM
April 24, 2010,
I am beginning to think that it is going to take up to two more years to break even on the American economy. I bought 300 shares of Ford for a dime on the dollar because they took no bailout, had better managed debt and better simpatico with their union. During my lifetime, Lincoln Mercury through good times and bad is a line I would buy anytime over a foreign manufacturer. Ford is their owner and may infuse some of the Lincoln Mercury cache into the general offering. They were applauded today by the media for a mitigated loss. I invested in them but they basically are a one eyed man in a kingdom of blind men. Obama speaks of millions of jobs to be saved or created. I have worked for many Fortune 500 companies as I would shoot for higher pay or maybe it is my gypsy blood. The point is that in good times or bad it is pretty difficult to pass muster with any company big or small. Mostly, one person gets the job against a host of competitors and you have to be good. Additionally. companies either do not train due to the high cost of doing so or they simply will not hire inexperienced individuals. Without sounding presumptuous or pedantic, I have to convey my experience at meeting so many individuals everywhere who simply do not have excellent verbal and written skills. Where are these people going? I find it difficult to assume that everybody is going to get a $50,000/year position with benefits anytime soon. Whether you live in an inner city or a fashionable neighborhood the cost of living in this country is prohibitive and beyond the grasp of most citizens. Now with the prospect of a stock market in bear rally mode with no underpinnings, gas prices controlled by other countries, inflation on the way and plenty of time for credit cards to put us in the street unless an 8% interest cap with no fees is imposed in less than a quarter; we may be going to a very hot place in a hand basket. This administration in my opinion is way too distracted with other sometimes unwarranted and quixotic voyages and missions other than the very most important one, to get the American people out of this messy recession.
Jay R