LOL I kind of laugh reading my own title. The Dow is below 9000 for the first time in years! Unemployment is believed to rise a few more tenths to around 6.3 percent which is getting kind of high for America. And no one can get credit and yet I say there is good news. Well there is. Despite our government causing the current economic turmoil with terrible laws beginning with the Community Reinvestment Act in the 1970's, I believe there are a couple good things to point out here.
Oil is down to below 85 dollars a barrel for the first time in a long time. This means that unless something happens, gas will be........... close to $2.50 by December. That is given the current global situation does not change, and there are no natural disasters that cause disruption in the supply of oil. So folks, expect to spend less on travel soon.
Secondly, the stock market has officially dropped some 20% which is a "correction" by definition. This means that there is a chance that the markets have bottomed out or are at least close to doing so. So get ready to reinvest. Warren Buffet is about to buy up a lot, you should too.
Don't get me wrong the next President will have low ratings. It might be a good thing for Obama to get elected. If he does what he says he will then he will cause this problem to be a lot worse like Roosevelt did. But maybe that means we won't have to put up with Democrats but for 4 years and then Rudy Guiliani or Bob Portman, or better yet, Bobby Jindel will run for President and this crap will turn around just in time for a true conservative to get elected. Bobby Jindel would be my man!
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2 comments:
"JindAl"
Yes you are right about the spelling. I never check my spelling, vocab, english, or facts when I post. I just say whatever comes to mind..... Ok I"m careful to check my facts
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