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cause I may be emotion lull about all this may be that I work by a Homeless Shelter and mine may be one of the few jobs in USA that would appear relatively safe for the moment. We're anticipating growth! I don't average to make light of the possibility that you are both unemployed or under-employed for you're reading this. I have been there and I know it's no pic-nic,[link widoczny dla zalogowanych], although I'm hoping that I can convey a morsel of wish in the midst of what looks like a calamity but may evolve into an of the best entities that could have occurred to us right now.
The excesses invited by what had transform a fiscal orgy on Wall Street has its roots way back in our history and gets always original approximately the conception and history of Capitalism, but those excesses were given steroid treatments in the 80's along the union busting and monetary deregulations of the Reagan/Bush epoch. The Clinton years, though prosperous by comparison, did mini to stop the excesses. Those excesses were given even more steroids by the Bush Regime in the new millennium and the unavoidable result is that "The chickens have come family to roost!"
It's one unfortunate and horrifying scenario that could have been dodged. A great handle of the excess of Wall Street money management was made possible by our national leadership consciously looking the other way while Harvard and Yale exercised lawyers built financial instruments that defy knowing but see fabulous on paper, and selling those instruments to opportunistic purchasers with dollar signs in their eyes. What's tragic about this is that scant few of these miscreants are in jug tonight. Don Henley (The Eagles) put it best when he wrote "A male with a briefcase can do more mar than a man with a gun ever could."
The opportunity we have at hand while the melt down is occurring is to let most of it fall to bankruptcy. Bankruptcy, paired with the regulations and "Supervision" entailed in Bankruptcy receivership ambition force these enterprises to change their strategies to a more responsible, and accountable mode of operation as a stuff of survival. It will mean life or necrosis to them and I'm betting they're working to chose to live!
In the 50s the US economy was humming along at a good steady mow. It was thought strong down to its roots and there were few global companies. Most of the economy was found on chief avenue in cities and towns cross the country. Of lesson there were your Sears & Roebuck and your General Motors and Ford,[link widoczny dla zalogowanych], there was your AT&T/Bell Telephone (then known as "Ma Bell") and the like, but most of our economy flourished in smaller more regionally centered companies. Mergers and acquisitions were rare.
The gradual departure from namely economy prototype apt the combination, gain and universal expansion prototype we have now, took several decades and our economic experienced fierce fluctuations according the course. I wonder whether it has occurred to anybody except me that the transformation and the resulting mall instabilities may be interrelated? Is it needful, or even a nice idea to accept that "Bigger namely Better" while it comes to companies? We have the chance right now,[link widoczny dla zalogowanych], meantime these universal mammoths are imploding beneath their own heaviness, to shake our economy behind into a extra localized, more client responsive, less interdependent commerce model. That direction would permit businesses which do no function properly to fold without demolishing the whole national economy in the process.
While the transition will be a tremendous discomfort, that's a far better sequel as everybody including these corporations. Gone will be the days of "Looking out as Number 1". It will be replaced by a kind of patriotism that will dictate moral strength and temperament rather than worrying about if your President is wearing his flag lapel needle. We'll be a aggregate shambles for a while, but we will re-invent ourselves into something many better if we do this right! Just like we always have.
I have noticed that presidency in America has a trickle-dow