I think the economy will get worse before it gets better...if and when it gets better is anybody's guess. I retire next year,will need a job to support my hobbies (eating and old iron), jobs are hard to find. I didn't like the bank and mortgage company bailout; but supported it because I didn't want the devastation that would have happened without it. I don't support the "Stimulus Plan" and think there's WAY too much pork barrel projects tacked to it. I don't know what will bring jobs and stabilize the economy. If I did, I would share it with everyone.
Close friend says "best to let the banks and stock market fail, go down to zero, reset the clock, start over. People have lived beyond their means too long." My father (God Rest His Soul) used to say "what this country needs is a good depression." I don't know, they might be right. I've lived thru recession, living in a recession now, prefer not to experience a depression.
Right now I'm in Korea, wife's in New Mexico. I'm greatful she supports me doing what I do still. The girls are grown, out of college, need little/no support from us. The house, car, and pickup are paid for. We're trying to save what we can. The future and economy don't look good, but we're planning to do the best we can to make it the best we can.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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