The United States Government is bailing out CitiGroup, the latest in a group to be rescued from disaster. It seems if it wasn’t for stimulus packages the economy would have no stimulation at all. And of course President-elect Obamas has issued dire predictions for the coming year. Happy New Year, everyone.
But this will turn around and we will move forward again. This country was in desperate need for transition, and the beginning of that transition was long overdue. We have to go back to making things and not just shuffling papers around and calling it an economy. What we will be making are the new technologies that will serve to develop nations well into the twenty first century and beyond. We will be developing alternative energy solutions and the technology for enviromental cleanup.
Some of the older businesses, the Big Three, to name a few, are no longer icons but dinosaurs. The product they develop and the means of development is as out dated as their thinking process. Private Jets to a meeting where you are begging for money. Hard to believe.
So new companies will enter the market. As it was more than half a century ago, when there weren’t just the big three manufacturing American vehicles but the other companies that have long gone to the automotive graveyard. But companies will emerge. My brother-in-law just sent me an interesting piece on the new developments in automotive technology, from the composite frames to delivering more fuel energy to the wheels. It’s is just the start.
So times for the economy are bad. Times will be better. And then times will be good. Companies will restructure or new companies will emerge as regional and global leaders. People will hire again, only in the future preemployment screening will be a little more complex and geared to assess the candidate’s skill sets and how they apply to future requirements.
Meanwhile, the government will grab the pail and start to bail. While the best means of resolving this crisis are still in debate, we can take heart that this is the first time in awhile that most people are on the same page. Get moving again. Into the future.
