CREATE YOUR OWN ECONOMY
Before I tell you the answer to the myriad of problems we’ve all been facing, I’m going to ask for forgiveness, or at least your permission. Please don’t be offended, because I’m going to tell you something you may not want to hear: Stop waiting for the economy, business or government to turn your life around. I keep hearing talk about how jobs are going overseas because of tax breaks that are being given corporations. What I say next is going to offend a lot of people. This is just another example of the blame game, instead of accepting reality. The job market goes where labor is the cheapest. The jobs went to Japan, then to Korea, Vietnam, Thailand and now China. What jobs are those that people want anyway? Do they want the jobs sitting in sweatshops assembling clothing? Shoes? Answering phones at a call center in India for $2.00 an hour? One problem with this line of thinking is that people value security over financial freedom. The real problem is not job security but financial security. If you want job security, last I heard they’re still hiring at Wal-Mart and McDonalds. But the underlying fallacy behind the line of thinking is the idea that a business, government or somebody else, is responsible for you, and that they also have that same ability to provide that. The business of a corporation is to make money for its shareholders, not for you. The business of a small business is to make money for the small business owner. And if you work for someone else, and are fortunate for a business owner or corporation to have enough money to hire you, you should be grateful for the opportunity to receive a paycheck. It does not mean that you are entitled to wealth. That’s because the only person who can be responsible for your own financial future is you. Not government, not business. If you want a better life and a secure financial future, the only person who can provide that for you is you. In the space of a generation, America has gone from the Land of Opportunity to the Land of Entitlements, simply because people have come to believe that someone is going to be responsible for or guarantee their future. On Monday, the largest Chevrolet dealer in America closed simply because of poor sales and the sluggish economy. GM is considering filing bankruptcy or merging with Chrysler. Wasn’t it Calvin Coolidge who said that what’s good for GM is Good for America? The government is now going to bailout banks with a $250,000.000.00 “equity investment” to keep the credit industry moving. Now that’s not necessary a bad thing to stabilize the financial institutions, but how much money are they going to put in your pocket? If they haven’t figured out how to fix Social Security system which has been being debated for as long as I can remember, and which has an annual budget of approximately 680 billion dollars, how are they going to fix a banking industry with a $700 Billion Bailout? Please. My small brain thinks there’s something fuzzy about the math. What’s one of the great lies? I’m from the government and I’m here to help you. Get a dose of reality. Government can’t help itself. Who are we trying to kid?
Under the Bush Administration, America went from the wealthiest nation in the world to the largest Debtor Nation in the world. Under the Bush administration, the federal government borrowed 103 trillion dollars, more than all 42 previous Presidents combined. All the predictions are that Wages, Stocks and Bonds, and Real Estate will continue to go down. Now the Obama administration has just proposed a 3.5 trillion dollar budget, which proposes to triple the national debt. Not just because of the current financial crisis, but because of the fact that, as the Baby boomers retire, they will start taking 75,000,000.000 a year out of the stock market. The problem in America today is not job security, its financial security. There was a recent Harvard Study that said that the average income for worker’s went down $1,500.00 at the same time the cost of living went up $4,500.00. The answer to your own economic recovery is that you need to create your own economy and your own economic recovery plan by doing what the Pioneers did, creating your own livelihood. The Boston Tea party wasn’t about Tea, it was about economic freedom. When people first came to America, they didn’t have anyone else to take care of them. True Patriots and Pioneers didn’t didn’t depend on others for their living. They either made their own or didn’t survive. The problem with America is that we have become a culture of dependency, relying on other people, business and government to solve our problems for us. I have never heard a politician say “The only person responsible for YOU is YOU.” I haven’t heard any politician say stop living beyond your means, stop spending money on things you can’t afford, and stop living for today and paying tomorrow. I’m going to tell you the truth, that you can thrive in life by taking personal responsibility for your own financial future. President Obama has intherited an economy that needs a three trillion bailout, to pay for the Mortgage Meltdown, The Wall Street Mess, the Credit Crisis, the War in IRAQ. By the way that doesn’t include the automakers or the fact that Washington hasn’t figured out how to solve the Social Security issue; that program alone has a $680 billion dollar a year price tag.
