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Wake up President Bush.
Wake up Senator Obama.
Wake up Senator McCain.
Be like Ronald Reagan: THINK POSITIVE.
90% of Americans pay their mortgages on time
94% of Americans are employed
Over the past 30 days, the government has finally moved to address the financial crisis: As a result of launching the rescue plan, the Treasury has added liquidity, set up the TARP $700 Billion Fund, lowered interest rates and is establishing an exchange to create markets for CDS (credit default swaps) and other illiquid securities. Europe and Asia have deployed similar policies to protect their institutions and help the Global Economy.
What America needs now is confidence; yes plain old positive commentary. Since the gentlemen mentioned above are either too burnt out or too busy with selfish endeavors, it is time for private citizens to act in best interest of the economy.
America needs a forum to discuss the economy (with extensive media coverage) consisting of the following speakers: Warren Buffet, T. Boone Pickens, Jamie Dimon, Sir Richard Branson and Bill Clinton. These men, all of great wealth and stature, will carry the torch of greatness back to the people’s minds and hearts.
Voicing their opinions without political motivation, they can calm the fear and speak the Reaganesk talk of human innovation and prosperity. Based on comments that they have made lately, this is what I believe they would have to say in these times of financial crisis: (*)
Warren Buffet – I don’t pick bottoms or tops, but I know value: Now is the time to buy.
T. Boone Pickens – We take risks daily. The future holds promise of great new innovation. That’s why I put millions into wind and alternative energy development.
Jamie Dimon – Banks are safer than ever: government backed money funds, insured deposits and business checking accounts with full protection.
Sir Richard Branson – International cooperation is at an all time high with bankers and heads of state working toward a successful global economy.
Bill Clinton – America and the World are seeing a once in a lifetime opportunity, maybe once in a generation, to buy the best companies in the world. We are about to see development in technology; health and environmental developments that will make the Industrial Revolution and Tech explosion of the 90’s look very small by comparison.
The life span of our children and future generations will exceed our life span by 30-40%. Not only will we be living longer, but a cleaner environment will assure a greater quality of life across the globe.
New jobs and new opportunities are at our doorstep. Let’s start to resolve this financial crisis by thinking positively and looking at the bigger picture.
Go out tomorrow and invest! As Mr. Buffet says, “I don’t pick bottoms, I buy value.”
(*) This is not an actual transcript of comments made, but an opinion of the author on what he believes they would have to say.