Many of the economic problems of our economic system is currently not new problems in many parts of the world. In fact, these problems are repetitions in nature. The factors that lead can be qualified for the economic success of a region, as the factors contributing to the economic failure. Although this is a matter of opinion, I think, begin the steps to economic recovery with the individual.
Of all the people I have argued with money problems, not one had the habit of saving money. Each individual had developed a pretty good habit of borrowing. Just a few generations ago, Americans saved money usually. Our coal mining parents and grandparents made the payments for all national projects and America's wars, because working people money in the bank and bought bonds that millions of small loans to the government, which added up to a lot.
Now we just need to borrow with no money down. Not only that, we lend to terrible conditions, and our economy has blown as a result. Subprime mortgages and credit cards have made every hard. Large companies to borrow and even saved by the government.
Where does our government get to borrow their money? Of the Chinese and Japanese, among others. The U.S. government borrows from countries that are not traditionally the long-term success of the United States at heart. You just want to grind us with the cost of debt service, similar to the credit card companies loops.
We have a "Cardmember Agreement" with China? Working out of debt requires the habit of saving a habit. It requires that poorly structured loans to be avoided. Especially true leadership is needed in our personal lives and the people we choose to lead us. Our economy is in ruins now. Foreclosures have soared to an all time high, unemployment in the air. Banks are not lending money, and some will be shut down.
In Northeastern Pennsylvania, is our court system in disarray and has become the poster child for greed and corruption. Churches are closed. Where are the leaders? Who will do the work and the tough decisions needed to get things back in order?
The answer is obvious. Tour begins and ends with us. Each of us has a responsibility to lead within our own sphere in our families, our jobs, our communities and schools. It is and remains a state not answer, his turn things around. The solution must come from us.
In the last presidential campaign, there was much talk of 3 clock phone and what candidate is best equipped to deal with them. For working class America, these phone calls never stop. I would bet that my house before anyone wakes up the president at 3 o clock, the call is screened and reviewed by at least a dozen helpers. I would also bet the farm that in your world, you're the only one to take the difficult discussions and important decisions on which depends the welfare of your family are. Your child has a flat tire, got your brother over, and pulled the baby is sick and into the night. We take care of these situations because we carry, and we lead by example, from the front.
This is an invitation to recognize we are a leader. Money is not everything, but has a kind of financial chaos that. Every aspect of our lives If each of us makes this decision, we realize that we are on our own and we have to like the way we live and change management of credit and money can. Our families are better, and most importantly, we will know what leadership is and will know it when we see it in the people running for elective office.
For over a century Northeast led the world economy driven by the sweat and toil of poor immigrants. This region collapsed financially long before the current financial crisis hit the world. Nevertheless, our people have carried on, worked their best to make it a great place to live for a family. Our enduring values remain a role model for the world. When hard gang beat, back to the basics. Live within your means. Do not panic. We remain a model for the world....
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