Gov. Corzine said the R word today

March 28, 2008

March 28 (Bloomberg) — The dollar fell against the euro, headed for its biggest weekly decline since January 2006, as traders increased bets that the Federal Reserve will cut interest rates again to avert a recession.

 Is this too little to late? 

Ask Gov. Corzine, he said the R word this morning on Morning Joe. He was asked by Joe Scarborough, “ Do you think we are in a recession.” His answer…”Yes.”

He went on to say that many of the things that the government is now doing is correct but they were too slow to pull the trigger. The Government should have taken these steps months ago.

Now what do we do? 

Ask John McCain, He doesn’t think the government should do anything.

Both Obama and Clinton are saying they will take steps to address these issues but that could be another year from now.

In the meantime, the economy is on a roller coaster.

The Feds keep cutting rates but the banks are not lending money. The housing market continues to suffer for people cannot get a mortgage.

Those stuck with high mortgage rates, try to take the high road and continue to pay high monthly payments with no relief in site. Some are even opting to walk away from their investment. That only will cause more problems down the road.

 What about the small business owner? 

Sales are down and costs continue to increase.

We are working with many small and medium size clients, reviewing costs, creating opportunities that will help them weather the current crisis.

Many hours have been vested to help build their American Dream.

This is not the time to be complacent!

There may not be a silver bullet cure-all but there are steps that can be taken to help reduce cost.

This is the time to be pro-active. 

Let us know your thoughts?

You may email george@hbsadvantage.com

 Hutchinson Business Solutions ……Your CFO on the Go. 

Creating Opportunities Today,…Defining Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.

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