When is the wrong time to use your Corporate Jet?

When is the wrong time to use your corporate jet? When you are asking for tax payers dollars to bail out your failing company? What were they thinking? This has to be the only time I have actually have to agree with Capitol Hill. Rarely do they look so deep into handing out our money to large corporations who mishandle it with $400,000.00 dollar spa vacations etc. I was impressed to see these people called on the carpet. When they could not even tell them how they are going to revamp thier companies except for paying the bills on the same ole, same ole and running out of money in a month or two in which they would return asking for more.

Get a plan, sell the jet and tell the Unions it's time to make some concessions because it's better to have job making less then not have a job at all. Going bankrupt would be a huge mess and so unfair to the workers who gave their 30 to lose thier retirement to over paid executives and unions demands. This can work if all parties work together.

This blog was written by and is copyright of Roxanne Brewer on November 20, 2008. Any copy of it after the date and time of it's post is a violation of copyright and is plagerism.

Wall Street Roller Coaster ride, GREAT BUYS

Some may say the situation on Wall Street is dim but I have found the bright side. Wall Street is on sale? I am personally am picking up stocks in companies that I know for sure are going to be around when the smoke clears and if you were smart you would too. This financial crisis cam be turned into an opportunity if you just do your home work and make some educated purchases.


This blog was written by and is copyright of Roxanne Brewer on November 19, 2008. Any copy of it after the date and time of it's post is a violation of copyright and is plagerism.

Auto Maker Bailout Yes or No?

Over the past few months we have watched our economy collapse through the housing market and Wall Street. The Fed's have tried to intervene and just made matters worse and made the working class seriously doubt thier judgement. The financial bailout was basically free money to anyone who claimed to be a bank. Well, everyone all of a sudden was a bank! What a surprise. As portions of the outradgious bailout funds were dispersed to the qualified companies that needed it so drastically to get the credit market moving again. They did just the opposite of it's intended purpose and spent it on spa vacations for over $400,000 as well as purchasing other banks, etc. But the true people in need, the homeowners who could not keep up with thier balloon payment mortgages did not see a dime. So Washington called a halt on the fiasco and the next day 50,000 financial jobs were lost. Were they going to lose them anyway or was this a message to Washington, you give us that money or we'll make you pay dearly.

Now the three major American auto makers are on the verge of total disaster due to lack of credit for buyers. If they should go bankrupt close to 3 million jobs will be lost and out economy will be in worse trouble it's seen since 1929. Capitol Hill says no more hand outs and even claims the auto makers were staggering before the financial meltdown. But the facts say otherwise. After the financial mess they made I don't trust any decision that these people are making on behalf of the American people. They don't have the best tract record.

I do agree that allowing the auto makers to stumble would be a crippling to the U.S. economy that would take generations to mend. Something needs to be done before the new administration but what? It's just not an easy answer.

This blog was written by and is copyright of Roxanne Brewer on November 18, 2008. Any copy of it after the date and time of it's post is a violation of copyright and is plagerism.

2008 is almost gone and we are all still broke

2008 has almost come and gone...Soon Christmas will be here but will we be able to afford it. Gas prices and the housing situation has collapsed the economy so many will have to with very little if not anything at all.

This blog was written by and is copyright of Roxanne Brewer on August 2, 2008. Any copy of it after the date and time of it's post is a violation of copyright and is plagerism.