Tanking Ecomony

Today, the DOW dropped below 8000. The more I read, the more I'm dismayed about any major recovery anytime soon. One wonders if and when we will see the worst of it as I still think that lies ahead. I'm pretty dismayed about it with trying to launch a new business. In fact, I have decided to put any aggressive plans on hold indefinitely. It just does not make sense to forge ahead and spend more money when companies everywhere are laying off and cutting back expenditures every way they can to survive.

The biggie is going to be the auto industry. It is starting to look like even the democrats are backing away from an auto industry bail out. This will certainly lead to bankruptcy proceedings and massive layoffs. It will have a huge impact without a doubt. It will take a long time to recover from something that hasn't even happened yet. The unfortunate truth is that the auto industry has this upon themselves...in large part to inept corporate management...or mismanagement being the more accurate word. The fact of them flying to Washington on private luxury jets to ask for taxpayer handouts for their ineptness is simple, but glaring example of why they should not be running corporations who are teetering on bankruptcy. In fact, it should be criminal.

But, back to my own selfish self-preservation. I am facing some tough decisions in the short term as to what I will do. The prudent thing is to find shelter someplace out of the storm until the worst of it passes. I will soon be competing with millions of people out of a job in a tanking economy. I am considering two courses of action at this time...one of which I will have to take soon.

The first one is going back to IT with a stable company in a growing sector that I believe will offer a good chance of weathering the big storm ahead. I applied earlier this week and actually looking forward to hearing back from them. It sounds like something I might want to pursue as a long-term career option and give up on my business plans for awhile, if not entirely.

The second option is going back to school. I've been working hard on that this week to obtain financial aid so I can go full-time. It makes sense for several reasons. First, I've always wanted to get a full degree. Second, although I won't get rich, I'll at least have some support to ride out the storm....AND, pursuing a degree in something I know I would love. So, when the storm clears, I will be in great position to emerge and blaze a trail. It would help tremendously in my business efforts. What is it you say? Journalism/Mass Communications with some business courses on the side. Yeah, I'm nuts. :-) But soon to be age 44, it's the right time to try and do this. With my previous college credit, a good chunk of the mundane coursework is out of the way.

So, as the world turns...so do my careeer ambitions. LOL!! I'm sure Obama will save us though...at least that is what he promised. We can trust him, right? The mainstream media says so. However, putting together a staff that resembles Bill Clinon's third term is disturbing to me. So much for "change", eh? Ok..ok...I'll stop there. I've got more important things to attend to right now.

Ya'll take care.