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Wednesday, September 24, 2008

Sales of Small Businesses on the Rise

Due to current economic state sales of businesses have sky-rocketed. The prices paid to buy out a small business are also rising, "from a median price of $186,000 at this time last year to $200,000." I think this can have a bad and good effect on our economy.
http://smallbusiness.aol.com/article/_a/sales-of-small-businesses-on-the-rise/20080922163109990001

Henry Paulson- Does he have what it takes?

Henry Paulson is currently the United States Treasury Secretary. He is also a member of the International Monetary Fund Board of Governors. He was also the previous Chairman and Chief Executive Officier of Goldman Sachs. Paulson was also Staff Assistant to the Assistant Secretary of Defense at the Pentagon from 1970 to 1972. He also worked for the Administration of U.S. President Richard Nixon.
As Treasury Secretary Paulson has "has quickly distinguished himself from his two predecessors in the Bush administration by formally identifying the wide gap between the richest and poorest Americans as an issue on his list of the country's four major long-term economic issues to be addressed, highlighting the issue in one of his first public appearances as Secretary of Treasury."
Based on this information, I believe Paulson is a qualified candidate to manage the "bailout" operations. He has served many years working with and for the government holding elite positions.

Information gathered from: http://en.wikipedia.org/wiki/Henry_Paulson#Career_highlights

McCain Halts Campaign Due to Economy

John McCain challenged Obama on Wednesday to pause their campaign, postpone Friday's debate and work together to deal with the nation's financial troubles. Obama's response wasn't immediate. In my opinion this was a very responsible move on McCains part, however I still stand behind Obama 100%.