Weekend reflection #28- The economic climate as well as exactly how It is Effecting us

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This week went by quick like usual. It seems like the older I get the quicker time goes by.

All over the news there has been reports about the major monetary dilemma this country is facing. Washington shared one of the largest cost savings as well as loans banks in the us went under because of billions of dollars of poor mortgages. The federal government decided to repair the circumstance by selling WaMu to JP Morgan Chase. Investors are pulling their money out of personal investments as well as and moving them to securities as well as loans backed by the united states Treasury. hearing all of this on the news is frightening.

Now Congress has to find up with a plan to assist save these banks as well as loan providers before business run out of money. What might occur if the government doesn’t do something? My final thought from watching the news stories today is that business might end up so far in the hole that they will not even be able to pay for payroll. If this occurs it will impact all of us. All the difficult working Americans just trying to get by.

This whole economic circumstance is effecting my household as well. Our house back in Wisconsin foreclosed in April of this year. Jobless, scared as well as not understanding what to do my other half as well as I moved our household out to California where we might online in my husband’s grandmother’s small home lease free. His parents vowed to assist us up until we discovered tasks as well as got back on our feet again.

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We lastly discovered full time merchandising tasks with Crossmark in August. of what we are doing we are getting paid well. Our tasks likewise include medical, dental, as well as life insurance coverage for us as well as our children. We work in house Depot stores in the Sacramento area. Their sales determines exactly how many hours we will work. since of the slowing economic climate we were told on Wednesday that sales at the house Depot are down as well as our hours will be cut. instead of working 40 hours a week we are down to 32. I have today off. next week we will be working four six hour shifts as well as one eight hour shift.

Yes we were victims of this whole as the democrats say, “crisis.” We were lied to by our home loan lender when we bought our very first home in 2002. They even motivated us to lie about our earnings as well as employment in order to get the loan. exactly how many other people did these home loan business deceive? as well as now the government is going to bail them out? I never requested a hand out from the federal Government. perhaps I should.

Read the home Republicans’ alternate to the wall street BailoutThis article is cross promoted on BlogHer

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