3 Ways the Economic Crisis Is Destroying Baby Boomer Retirement

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Just when the stock market goes up and people feel a little hope,,,the prognosticators come out with doom and gloom...The entire energy of people is down and fearful..because all we hear is bad news. Viewers are developed by bad news and yet we do not want to hear it...Kind of catch 22...We needto feel hopeful and energetic facing this current downturn...So lets hear some good news.

carol stanley of OR 10:46AM October 15, 2008

The only way to repair our economy is to increase personal savings, reregulate banks, reset lending rules to 1980 and allow the economy to slowly correct itself else we run the risk of hyper-inflation with too many bailouts. Unfortunately, politicians try quick fixes particularly at election time which cause more harm than good in the long term. Our economy wasn't ruined in a short timeframe and cannot be repaired before election day. Everyone must simply be patient, pay off debt, increase personal savings, pay cash for everything andasoid credit like the plague. We mustn't cave in to political pressure to mortgage our families' futures simply to promote economic activity with bailouts as the bailouts will eventually cause a worse collapse than we are now experiencing. Everyone please be patient and recover slowly and thoroughly!!!

Ray Fisher of NM 6:40AM October 15, 2008