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Friday, March 06, 2009

WOW


I turned on the news yesterday and I still haven't recovered. All it was saying was how bad the economy is. We, Muskegon, have the highest unemployment numbers with more and more business laying of workers. Muskegon was listed as the worst place in the nation to live. Employment and chance of improved economy was taken into consideration. Churches are reporting that giving is way down, and food banks have long lines.
My wife and I have our daughter and her husband living with us. Both of them are down to part time work, and the money they do earn helps out his father who can't work. Cody and LJ are finishing school while living at home, and they can't find part time work.
Liz and I have health problems that limit us, and we are thankful for disability SSI.
I know of people who saved and saved for their retirement only to find out that their savings are gone due to the economy or some swindle.
Some Doctors are now requiring that all deductibles are paid in full before surgery is done. Liz has a great family doctor who supplies her with prescription samples, other wise we would be completely broke.
With the government stepping in, business are failing because they have to live up to rules. We as a country relay too much on wall street, and need to invest in main street. Wall street is nothing but a lavish Las Vagas.
General Motors have said that they need 30 billion dollars to survive or they will go bankrupt. Sappi has used the economy as an excuse to close their plant. Some companies have gone to 4 day work weeks in an effort to not lay off people and incur the cost of paying their unemployment. Who was the person that said that the technology age would benefit everyone?

1 comment:

Clif Martin said...

Tough times for all of us. I survive with a reverse mortgage, but that only works if you're old and have a house paid for or with a lot of equity. When we no longer live in it, it must be sold and the lender paid back from the proceeds. Not an ideal solution. In today's market, the house probably wouldn't be worth much more than what we owe. Sorry, kids, no inheritance for you.