Invest Young!

Automakers Need Money!

Now it’s the automakers asking the American people to keep them in business. General Motors Corp., Ford Motor Co. and Chrysler LLC are asking Congress to approve the aid to get them alive. GM, the nation’s largest automaker posted a $2.5 billion quarterly loss. And now they feel they’re going to run of cash by the end of the year, cry me a river. The automakers first take avenge of us with their high prices for cars and now want us to loan them money. I’m so sick and tired of all these businesses running to the government asking for money. Why don’t they do what people around the country do, file for bankruptcy and reorganize themselves. This way the creditors will take ownership and they then could start with a fresh balance sheet. The problem is, when this happens a whole new management team comes in. These top guys don’t want to lose their high paying jobs, but would destroy our families in a heartbeat to save theirs. The rescue package was intended to help businesses get back on their feet and help stabilize the markets. And guess what, it’s not working. So what should be done next is let all these businesses fall apart and save the American people money. We’re heading for a recession, and in the end these businesses won’t make it. I say, stop handing out the money and lets move on. If these companies make it, great, if they don’t make it, to bad.

China’s Stimulus Package!

Today China released their huge $586 billion stimulus package. This will differently help ease some pressure on the global economy. The only thing is we need more countries to get inline and start releasing their stimulus packages. With the United States and now China’s stimulus packages this will force others to follow. If others don’t follow, it will be a great waist of money for the United States and China. This financially problem we’re all in is a global problem. So I sure hope things start happening with other countries very soon, before we fall deeper in the hole.

Nation’s Retailers!

Last month was the worst for our nation’s retailers. The month of October had the lowest in sales in almost 40 years. I can honestly say that I’m scared of what is happening around me, as is the rest of America. We’re holding on to what money we have left for the basics to live. And times for our nations retailers are only going to get worst come this holiday season. Our retailers are going to have to discount a lot of their product in order to get us out shopping. Right now there are a few huge retailers liquidating because of the economy. One of those huge retailers is Linens ‘N Things being forced to liquidate. And there will be many other’s forced to take the same path if this holiday season doesn’t pickup for them. Anyway, there are a few doing ok, one being Wal-Mart Stores Inc. And that’s only because they offer a lot of the basic needs products at discounted prices. With the start of the holiday season starting in a few weeks keep your eyes open for those deep discounts.

Find The Right Account!

I came across a site today that will compare savings accounts for you. They offer this service to help you compare online banking services. It seems that their main goal is to help you find the best banking products, such as checking, savings, and retirement accounts. They have this really neat search tool you can use. You just simply slide a bar to where you want it, select your state and hit search. The site is really user friendly, check it for yourself.

Wall Street And Politics!

I was just reading an article on Yahoo about does it matter who the next President of the United States will be. And for the most part in this article it states that it really doesn’t matter. If you really think about it, how far can the stock market really go down? With everything the Fed is doing right now the chances are we will see a recovery in 2009. Although Wall Street does likes Republican leaders, Demarcates feel stocks do better when they’re in office. Whoever becomes our next President I sure they will get all the credit for the turn around in Wall Street. After all, isn’t that what the President does, takes credit for everything good and passes the blame to others when things go bad.