Catastrophic Failure

It seems that no one expected that things could have gone this way and now that they have no one knows what to do about it. Individuals are trying to find a way towards personal survival. If they wait for the government to fix any problems going on, they could be waiting a long time.

On the other hand, a lot of people involved in self-employment positions are finding that the best way to beat the economic struggles is by working at home. In most cases these people have had a small decrease in sales and profit margins but for the most part they are making do with what they have and taking advantage of it. As most people remember, there was a bailout in 2008, unfortunately this bailout didn't bail people out at all, in fact it only worsened things.

The situation we are in now is said to be the worst financial crisis since 1929 when the Great Depression developed. It's hard to say if things really will get that bad in the coming year(s) but really who can say? No one seems to have this under control with problems fluctuating even more with over spending and funds not being spent the way they were meant to be spent, such as the $700 billion TARP fund that was allowed by the government for use in banks to help home owners. Instead, this money was somehow stuffed and over stuffed into other banks which then led to even more foreclosures and people not being able to pay off their loans. This of course led to more problems with people's credit which led to more problems and so on and so forth.

An ongoing problem is that despite its propensity for lengthy debate, when it's politically advantageous, the government can act quickly.  Sometimes this causes problems because we wind up implementing solutions that are half baked, or worse.

Many people hope that with the election of Obama that he will somehow fix what has happened on our side of the world. Frankly it can only be fixed by taking responsibility for everything that has happened in the last four or five years. The American people need a change, hopefully that change will come with our new President.