The current economical situation...

[Taz_bb2]

My wife received this email from her CEO. It is worth sharing...

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Please take a couple minutes to read this email, I feel it’s important for each of us to put the current economic situation in context.

We probably all agree that by all appearances, things at the moment aren’t looking good for the USA, or the G20 countries that comprise 95% of the world’s GDP. You’re seeing some people panicking. There’s a fear of the unknown out there right now because the world is going through an economic period that is uncharted waters.

The news media isn’t doing anyone a favor by continually repeating the same “bleak message” over and over again. If you haven’t figured it out yet, most of the folks in the media aren’t economists, and newspapers don’t sell papers by printing all good news. Just six weeks ago the news couldn’t stop talking about the price of oil being at $150 a barrel. It was the end of the world because crude oil was so expensive. Does anyone remember those doom and gloom oil related news stories from six weeks ago? Yet, today, crude oil is selling for $78 a barrel (the lowest price in 13 months) and no news agency is out there talking about it!!!

I recently saw one of the top major network news anchors ask Senator Obama about the 1929 market crash. The question asked was whether Senator Obama would have reacted the same way President Franklin Roosevelt reacted when the stock market crashed in October, 1929. The reality of course, is that President Hoover was in office in 1929, not Roosevelt. This news anchor missed it by three years. FDR was elected in November 1932. This is the same person delivering our nightly news M-F who has a limited knowledge base on economics, financing policies, LIBOR rates, etc.

Here is just one example of why I encourage each of you to remain calm and to stay positive. The United States is a country full of hard working, positive people. Despite the banking and financial mess there are other industrial sectors doing well – high tech, industrial manufacturing, civil resources, chemical production, biotechnology, etc. The news isn’t reporting any of that information for reasons only they understand.

The US is a resilient country because we’re comprised of a resilient population. Historically the U.S. has bounced back quickly when recessions have hit when you compare similar circumstances in other countries. The U.S. has the most flexible workforce in the world. The U.S. has the most innovative workforce in the world. The U.S. consumes and manufactures products for our own consumption, unlike China who manufactures products almost exclusively for export. We have many positive factors working in our favor, you’re just not hearing it on the news.

In the meantime let’s control what we can control. Think smart, be brave, stay strong, but most importantly remain positive. Negative thinking is like cancer. Stay away from it. Do the things you can do to take care of your family, live life. For our company it’s business as usual. Stay focused on the solutions we provide to our customers. Let’s continue to do everything we can to support our teams. We will come through these times, but only if we keep a sensible head on our shoulders. Now more than ever it’s important to understand that there are two types of people in life: those who are in the parade, and those who passively sit back and watch the parade go by. We are all in the parade. Be well, take care of yourselves, your family, your life, your dog, your community. Don’t buy in to all the hype on TV or in the newspapers. Take in some, ignore the rest – because at the end of the day a lot of it is just noise.

Thank you for your time!

[mobrien316]

Meanwhile, the media and Obama keep mocking McCain for saying a year ago that, "The fundamentals of our economy remain strong."

I interpreted McCain's remark to mean that the workers in our country producing goods and services are still strong and will overcome any period of adversity. I heard it as a message of confidence.

Obama and much of the news media openly mock that quote and attribute to an old man who is so out of touch he doesn't even know that the economy is in a recession.

What's even worse than that erroneous characterization is that so many people are buying it.