Quote Originally Posted by Dave Severson View Post
I don't know.... Seems lately it's always "the economy" when things go bad and businesses close. Not saying the economy didn't kill Crane, but I guess I have to wonder if it's the economy---or bad business practices that a weak economy won't tolerate....??????

Companies are closing around here, too. But some of them I know were only making it because people were living on borrowed money, spending way beyond what their revenue justified, and generally just plain mis-managing their assets.... I'm not saying the economy is good, and certainly the service related business and business' dealing in non-essential goods will be the first to suffer. But, a well managed business based on proper business tactics and structuring will cut back on expenses as they have done in many other "slow times" and survive to florish again when things get better.

I don't know, but blaming everything on the economy IMO is just a cop out. I've been living here in the "poverty belt" for so long, I've just learned that not getting over-extended and learning to live within my means is just a good way to survive!!!!! I find it difficult to feel sorry for a company going broke that throws money around like it's nothing.... Well run companies bank money during the good times to ensure their survivability in the bad times, not waste them on outlandish extras and huge salaries and bonuses.....

A lot of companies who survived the 80's saw this whole mess coming a couple years back and made the necessary adjustments then. I guess I'm just a bit skeptical and refuse to accept such a broad generality as "the economy" every time a business goes belly up...... But then, my glass is still half full!!!!

JMO, but I think those who are insisting that "the economy" is so bad that they are doomed to fail are probably going to fail....

I would have to agree with that logic Dave. The problems the economy is having were created, they didnt just happen to all us poor hepless victims.
Sure, most didnt see it coming, but that doesnt excuse buying a house you couldnt afford, over extending your credit cards, etc.

Thats what is so upsetting about Obama's approach to fixing it. He is supporting this hopeless victim mentality. Sorry for getting political, ....... well not really.