About Me

Name: Jay R
Location: Town of Oyster Bay, NY
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Blog Roll

 

I AM STARTING TO BE GLOOMY UNTIL 2010

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
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

The Blame Game Has A Limit

Posted by Jay R on Monday, April 20, 2009 1:16:59 AM
April 20, 2009
It seems like at least half the American people or maybe even a higher percentage blame George Bush for our crippled economy and all that that entails. It is almost like Mr. Bush and his policies will continue to be blamed for lost dogs, failed marriages and just about anything sour in our lifestyles. Barack Obama skates out of this finger pointing and well he should. The citizens who answered that pollster were referring to what caused the meltdown and I did not see anything speaking about Mr. Obama's response to the situation. So here is what I think will go down concerning who is doing what to whom. Obama has not even reached his first 100 days and judging from the massive protests, people are loathe to accept the diminishment of their enjoyment in what was once the good life, now evaporated. Still it is much to early to blame this administration for anything more than tactical countermeasures. At 6 months in I think it will be a different story. You just cannot, no matter who you are or what your politics are blame a predecessor that far in. Not only does it wear thin as time goes on, but imagine if they behaved like that at Fortune 100 companies where they bring in a clean up CEO because the last guy fouled up the company. It has to come down to a what have you done for me lately or what can I buy with your potential scene. Of course it is in vogue to blame Bush at this point of  infancy and it is an easy out. It will not work for too much longer especially if social unrest increases. I wish the best for Mr. Obama and his economic weapons of defense. Even he admits that the buck stops at his desk, I actually admire him for his acceptance of ultimate responsibility and his general candor regarding the resolution of this hideous recession.
 
Jay R 
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

We Want To Give Obama Time

Posted by Jay R on Monday, January 26, 2009 1:26:53 AM
January 25, 2009
I like Barack Obama and his outstanding family personally but I am beginning to see the pattern from Election 2008 rearing its head as we get past the pomp and circumstance and get down to business. First of all, this administration jackrabited into a scandal which is the last thing both Obama who is evidently not involved and a harmed country needed at this point. The first bailout showed many of the features that created it as the pork and the corporate largess refluxed back. Now the American people are being hit with big time numbers that are challenged by both parties and it's like throwing dimes into a wishing well. The war on terrorism is changing in a way that we do not quite understand. When our government puts out their solutions to our citizens in what they feel is expediency and  purport to address our probability of being thrown into the street, I think the public would like our feedback registered because it's  our tax dollars that will ultimately support any grandiose or ill conceived economic fix all. For now, this is a momentary conclusion, there is nothing to stop gas prices from going up again. If we are at layoffs, high unemployment, stagflation and a plummeting stock prices when and if we go back to high prices at the pump at the same time, I was a Boy Scout, I know how to pitch a tent. As I mentioned, as an individual I like and admire Barack Obama however I hope as I would with any Presidency in these troubled times that his plans are fruitful.
Jay R

Email ItEmail It | Print ItPrint It | CommentsComments (2) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »