Thursday, July 10, 2008

Should we Dwell in the Doldrums of the Economy or....

This is a time of unprecedented increases in food and energy costs, coupled with lowered consumer confidence and declining stock and real estate markets. Add international terrorism and instability, we've got quite a challenge in front of us. In my opinion, a lot of what we see today is the result of irresponsibility. Not to name names but, what have our political leaders done to address long term energy issues, health care costs, unwise lending AND borrowing practices. Critical issues go unaddressed due to the political expediency of getting re-elected and the electorate let our leaders get away with it. When was the last time you wrote a letter (or email) to your Congressman, your President, your Governor? When was the last time you got personally involved in voicing your opinion to those you entrust with your future. Unless our electorate becomes more pro-active in forcing our leaders to address real issues and come up with consensus for real solutions, yes, we will become the victims. So, in the next few months leading up to the election, probe the candidates on issues important to our long term future. Vote with your minds, not your hearts. Take action to minimize risk in the short term. Look for long term opportunities as markets bottom out and keep a pro-active, positive attitude.