July 13, 2009
TODAY'S POST:
This is my last post concerning the economic conditions. Suffice it to say, the current economic condition is a normal downturn that has been exacerbated by ego. The human condition is reactionary; we do the same thing over again thinking that we are doing something new. Example of this is a Ponzi scheme that was used by Bernard Madoff for years. I wonder why the scheme had a name. We had the Enron scandal, an example of people not doing their job. The AIG bailout, the General Motors bailout are all prime examples of situations that could have been avoided had people in these companies focused on making the companies profitable for the long term instead of profits for the current year or for self gain. This type of thinking became very common throughout the business world. Enough said, again my opinion.
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About Me
- Steve
- North Grafton, Massachusetts, United States
- Well-educated, disabled at this point with Multiple Sclerosis. I am very glad that I was able to do the things that I have been able to do over the years. had to change the picture, this one's more realistic.
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