February, 2009

How Long Can You Wait?

There is no longer time to see if the government bailout problems will work. The problems facing President Obama and his Administration are many, complex and daunting.

Here are just a few examples:

• 3.6 million jobs lost since the start of the recession in December, 2007 with half of those losses coming in the last 3 months. The actual unemployment rate is now 18% as opposed to the reported 7.6%;
  
  
• massive foreclosures on real estate, especially single family homes, such that 19 million U.S. homes were empty by the end of 2008;
  
  
• a collapsing stock market which left pension plans at the largest companies under-funded by over $400 billion at the end of 2008;
  
  
• a financial system on the brink of collapse as evidenced by the bankruptcy or major solvency problems of large, well-known financial institutions such as Bear Stearns, Lehman Brothers, Merrill Lynch, Goldman Sachs, Washington Mutual, Wachovia, Fannie Mae, Freddie Mac, Bank of America, Citigroup, AIG, and JPMorgan Chase;
  
  
• serious budget shortfalls in 46 of the 50 states which will necessitate personnel layoffs, cost cutting measures of various sorts, and possible bankruptcy;
  
  
• a continued military presence in Iraq for at least 16 more months and an increasing military presence in Afghanistan, both of which will require tremendous costs in human life and dollars.
  

The government programs required to address these and many, many other problems in such areas as energy, education, infrastructure, health care, social security, Medicare, other entitlement programs, etc. will require a huge dollar investment (that dollar investment is currently $9.7 trillion and counting) and it may be years (not months) before any significant positive results are seen.

The EHS Letter Manual can provide you with some immediate, affordable help in protecting your money, income, and property from unnecessary loss at a time when you simply can’t wait to see if the government bailout programs, or new fiscal policies, will work for you.