Friday, October 31, 2008

The Economic Dominoe Effect

Originally posted on my forum August 27, 2007. Over a year ago the writing was on the wall but even I did not foresee this level of economic hardship.

While our President continues to tout the strength of the economy, the reality down on main street is much different. My family's 13 year, successful small printing business has suddenly seen a major downward slide in it's sales over this year's business cycle to the point that it might have to close it's doors. This will have a devastating effect on both the employees and the three related families of the owners that depend on it including mine. This is another hardship that can destroy my family financially since we were already on the financial edge due to my 14 year disability caused by ALS and the severe governmental restrictions which I outlined in my previous post.

What is the cause of this downfall? The "economy of real people" which is where 95% of the American people reside, but apparently not the President or his cronies, is sprinting toward a recession. Most Americans are being squeezed by high gas prices (while gas corporations make record profits); skyrocketing health care costs; a completely devastated housing market (the largest investment for most Americans); and the final straw out of control food prices which are the result of the high gas prices and the lack of planning or vision by the government for global warming which has resulted in a knee jerk response causing food prices to go nuts. This pocketbook squeezing combined with the war weariness and it's trillion dollar cost which has hastened the collapse of our already crumbling infrastructure, it's easy to understand why consumer confidence and spending are rapidly declining.

The domino effect is becoming very clear and real to my family as we see a thriving family business disappearing before our very eyes. The three families which will be effected are staring into the abyss of despair and financial ruin which includes the possibility of not one but three family homes! I hope and pray that someone can inspire this nation and steer us back on a thoughtful, intelligent and well planned road to recovery!

You can view my original posts at

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