Response to Gabby Dollinger's "Stop Already"

We all realize that the world we live in has become sort of a fragile state. Wall Street displays this almost everyday losing or gaining hundreds of points. This is not a time to panic, this is a time where our leaders need to stand tall and put policy in place that makes sense.
In Gabby Dollinger's post, "Stop Already" she expresses that our country is in a troubled state and needs help. She claims that the election has stirred up racial tensions, possible assassination attempts, and increased hatred. The blog "Stop Already" seems like an emotional post, but I was not able to find a lot of info to back up the claims of tension, assassination attempts, and increased hatred. I do however believe that tough economical times can certainly take a toll on people.
Although there needs to be changes made I am not as alarmed as Gabby. Through out the history of our country we have prevailed and bounced back from tough economical times.
Whether the oil crisis in the 70's combined with the Vietnam war or the dot.com bubble bursting, 9/11 attacks, and corporate scandals in 2000/2001 this country is not new to recession.
A recession is defined as contraction phase of the business cycle or a period of reduced economic activity. Like I stated before recessions are not new to our country and have been around since the existence of civilized society. Since our nations birth we have experienced more than 10 recessions. By using all the weapons in our arsenal, like the bailouts, interest rate cuts, and new legislation we will prevail.
In Gabby's blog she had stated the war between the parties was tearing down the country. I think the candidates may have been tearing down each other, but I don't believe that they were tearing down the country. Each party has it own beliefs and agendas. I believe over the past 25 years the gap between Republicans and Democrats has lessened. Gabby stated she wanted someone who would get into office and help the people. I feel the same way. I don't care if they are white, black, republican, or democrat. They need to work for the good of the country and its people. I think that politics as a whole is realizing this and we are beginning to see less of the left or right.
It is important to view a situation in its entirety. We can use lessons of the past to guide us in our current state. We have had economic recessions in the past and have also had earth shattering elections. I believe as citizens we should do everything in our power to aid the country. We should not panic, after all it took time for us side into our current state and will take additional time to rebuild.

Save the Big Three!!!

In today's economy it seems that some of the oldest and largest American staples are not safe from the financial meltdown the country is experiencing. Ford and General Motors announced today that their third quarter losses were bigger than originally anticipated. Not to mention that third largest American vehicle manufacturer, Chrysler has been is serious financial shape with its main investors looking for a buyer. Could this be the end for American motors as we know it? Are we all going to be driving Japanese vehicles in the future?
In GM's announcement today they reported a Q3 loss of 2.5 billion dollars and revenue of 37.9 billion compared to 43.7 billion in Q3 07. With these enormous losses GM also announced that it may be out of cash by the end of this year. Furthermore GM has stopped talks to purchase Chrysler.
In Ford's announcement today they had a Q3 loss of 129 million. Although this number is not as staggering as the GM number, Ford too is running out of cash, stating they can make it through 2009.
Meanwhile it seems that Chrysler is in far worse shape then its two American competitors.
Chrysler, its investors, and the government were all hoping for the GM purchase talks to become a reality. Chrysler has been losing market share with their trendy unreliable vehicles, which never seem to get a passing rating by consumer reports and lets not forget the dreadful merger with Daimler. The only thing left on Chrysler's plate now is major restructuring and Chapter 11.
As for GM and Ford, all hope is not lost. They have both announced to cut thousands of jobs and reduce spending. GM has gone as far as discontinuing employee 401k matches and tuition reimbursement programs. However spending is key, seeing how both companies spent billions over what they earned in Q3. It also seems that the government is going to lend a helping hand including loans up to 50 billion to help the companies stabilize.
As a child my grandfather used to tell me stories about his Ford Fairlane and his fathers Model T. I grew up dreaming about owning a classic muscle car. If our current state is any indication of the future all I will have is dreams and memories of American cars and trucks. The big three need to act now by cutting foolish spending and building efficient and dependable vehicles.
With Chrysler having already having a nail or two in the coffin, the others and our economy can not afford the same.