3%...Three F’n Percent

That's what's screwing up the economy right now. 3% of homes are struggling with foreclosure. 3% of homes has taken down Bear Sterns, Lehman Brothers, AIG, Wachovia, Freddie Mac, Franny Mae, Indymac, Washington Mutual, Countrywide, and is close to killing Citigroup, General Motors and Chrysler. 3%! 3% of homes have tightened everyone's wallets from Wallstreet to Mainstreet. This has drove people to depression and anxiety and has caused them to make decision in which they are betting against the United States of America and the world's economy from recovering.

    One thing we here is job loss. "Job Loss is the worst it's been in 8 years." "Unemployment is Sky Rocketing." "Employment is the worst it's been since 2001." Well, I was around way back in 2001. I didn't notice that it was that bad. We didn't have experts calling for bailouts and stimulus packages. We were too worried about terrorism and wars. If we're as bad as we were in 2001, then we're not doing that bad. 2001 wasn't a Great Depression.

    I'm not saying that the United States and world isn't having economic problems right now. If you've lost a job, or lost your house, or can't afford medical care, or to put food on the table, this is a crisis. But what is going on now is a self-fulfilling of the prophecies that were blown out of proportion by the media. This type of article, one that is saying that we aren't doing that bad, one that is positive about the Country and World and the economy will not get picked up by the main stream press. This article is John McCain's "the fundamentals of the economy are sound". I voted for Barack, and I think he is going to lead us out of this rut. But, McCain was right. The fundamentals of the U.S. economy is not AIG or GM. The fundamentals the US economy are working hard, entrepreneurship and good old fashion hard-nosed, hard-headed idealism. An ideological belief that we are the best in the world. We might screw up, but we get back up. We have the best the Earth has to offer, and we've melted the talents of cultures across the world. We have freedom and the ability to go from nothing to something.

    So what's the answer? Work hard, act like the economy is fine. That doesn't mean spend like an idiot. Take this as a lesson, but live your life. During the Cold War people had bomb shelters and bunkers and bought gold and commodities like the world was ending tomorrow. They're still waiting and their bomb shelter is obsolete. So sell bomb shelters and commodities to idiots that think the world is going to end with this crisis. Or go out and do some networking, write a blog, cold call, just sell some business. The world isn't ending tomorrow and we've got a job to do.