The good news of the current US econcomic woes
Good news? What good news? The good news is that I bet more and more average Americans are paying far more attention to what’s happening in our economy than they have in a long time.
I bet if you asked people who Henry Paulson was before 2 weeks ago, you’d have gotten an answer of “I don’t have a clue?”. But now, they probably at least know he has something to do with this bailout and maybe even many Americans might be able to tell you that he’s the Secretary of the Treasury who wanted $700 Billion with essentially no questions asked. Not bad for the former CEO of Goldman Sachs. Many people on Wall Street are saying how smart Paulson is and how lucky we should be to have him as our Secretary of the Treasury. Really? But wasn’t it Paulson who just months ago said the economy was very strong. And now if we don’t give him money that the economy will sink into a deep depression? Hmmmm…..
So I think the good thing is that Americans are taking more of a personal interest in our economy. And that’s the critical part here. It’s OUR economy. It’s the taxpayers. The average citizen. Who perhaps before today might not have had much of an interest in our government or our economy. But when we start seeing a decline in our portfolios or watch oil companies earn all time record profits and see gas top $4 per gallon then we start taking more of a personal interest.
SO even though things look all gloom and doom, at least more Americans might be starting to wake up and notice someone needs to take out the trash…
