Tapsearch Com EditorThe hard facts about easy bankruptcies
By Ray Tapajna
This letter was published in Sept 1998 and still applys today in 2009. It forecasted the economic crisis. The real world was not reported in the news or by governments.
The hard facts about 'easy' bankruptcies
.....or (Take the Mickey Mouse job before you go broke.) or ( Obama tell it like it is and was. Was not only a Bush problem but it goes back to Clinton and the elder Bush too. The unemloyment rate has been fiction for years. )
In the Plain Dealer editorial ( Aug. 29, 1998 ) regarding the surge of bankruptcies, it is not difficult to understand why so many are going bankrupt.
In recent years, there has been a massive dislocation of workers. When they are terminated, they think they will find another job of equal value easily in this "good" economy. They use ther credit cards and credit lines as temporary loans to get them through the period of adjustment. However as time goes by, they are surprised that they cannot find ajob o equal value, and that $7 an hour never will pay the same bills as $15 to $20 an hour. Their temporary loans become more permanent, with little hope of paying them off.
Since late 1997, more than 200,000 have lost their jobs at more than 20 major corporations, In recent years, more than a million workers lost their jobs in the computer field, and more that 100 companies have closed down completely.
What workers have to understand now is that when they lose their jobs, they have to take those "Mickey Mouse" jobs sooner instead of later in our "Disneyland" economy and not worry about saving their homes.
Many use their credit cards and credit lines to start a business of their own, and failures increased by 16 percent, totalling close to 85,000 businesses failing. Again, these people should have live in rental homes and taken the "Mickey Mouse" jobs rather than trying to make it on their own. This way our "good" economy can avoid all these bankruptcies.
Ray Tapajna
Cleveland Plain Dealer Sept. 9, 1998
Extra Note:
From THE PLAIN DEALER, JANUARY 31, 1999
Business Owners max out credit cards
In findings that many financial experts call alarming, shows 47 percent of Small and medium-sized businesses are maxing out their credit cards to keep afloat.
Pass this on - Use Free Mail Service below - Send it to White House, President Obama, Congress etc. and ask who said we had to compete like this in a global economic arena. -- Chronical of events behind our economic crisis forecasted years ago - Can you hear me now!
This letter was published in Sept 1998 and still applys today in 2009. It forecasted the economic crisis. The real world was not reported in the news or by governments.
The hard facts about 'easy' bankruptcies
.....or (Take the Mickey Mouse job before you go broke.) or ( Obama tell it like it is and was. Was not only a Bush problem but it goes back to Clinton and the elder Bush too. The unemloyment rate has been fiction for years. )
Take Mickey Mouse jobs sooner than later
In the Plain Dealer editorial ( Aug. 29, 1998 ) regarding the surge of bankruptcies, it is not difficult to understand why so many are going bankrupt.
In recent years, there has been a massive dislocation of workers. When they are terminated, they think they will find another job of equal value easily in this "good" economy. They use ther credit cards and credit lines as temporary loans to get them through the period of adjustment. However as time goes by, they are surprised that they cannot find ajob o equal value, and that $7 an hour never will pay the same bills as $15 to $20 an hour. Their temporary loans become more permanent, with little hope of paying them off.
Since late 1997, more than 200,000 have lost their jobs at more than 20 major corporations, In recent years, more than a million workers lost their jobs in the computer field, and more that 100 companies have closed down completely.
What workers have to understand now is that when they lose their jobs, they have to take those "Mickey Mouse" jobs sooner instead of later in our "Disneyland" economy and not worry about saving their homes.
Many use their credit cards and credit lines to start a business of their own, and failures increased by 16 percent, totalling close to 85,000 businesses failing. Again, these people should have live in rental homes and taken the "Mickey Mouse" jobs rather than trying to make it on their own. This way our "good" economy can avoid all these bankruptcies.
Ray Tapajna
Cleveland Plain Dealer Sept. 9, 1998
Extra Note:
From THE PLAIN DEALER, JANUARY 31, 1999
Business Owners max out credit cards
In findings that many financial experts call alarming, shows 47 percent of Small and medium-sized businesses are maxing out their credit cards to keep afloat.
Pass this on - Use Free Mail Service below - Send it to White House, President Obama, Congress etc. and ask who said we had to compete like this in a global economic arena. -- Chronical of events behind our economic crisis forecasted years ago - Can you hear me now!
