STATE OF THE (CREDIT) UNION

THE PRESIDENTIAL WEEKLY RADIO ADDRESS (9-1-2007)

My fellow Americans,

If you still subscribe to the theory of our STRONG ECONOMY, please ponder the following:

THE UNEMPLOYMENT RATES OFTEN QUOTED BY POLITICIANS IS ONLY THE PERCENTAGE OF PEOPLE RECEIVING UNEMPLOYMENT COMPENSATION.

CREDIT CARD COMPANIES CAN CHANGE YOUR INTEREST RATES ANY TIME THEY WANT

RECORD FORECLOSURES WILL ALSO HAVE A DRAMATIC IMPACT ON THE RENTAL MARKET.

MORE AND MORE JOBS ARE BEING OUTSOURCED.

TECHNOLOGY AND ROBOTS ARE REPLACING PEOPLE.

YOUNGER GENERATIONS ARE NOT TRAINING IN MANUAL LABOR SKILL SETS.

DENIED ACCESS TO THE INTERNET WOULD BE A NATIONAL DISASTER.

YOU'RE JUDGED BY A CREDIT SCORE.

ECONOMIC DEREGULATION HAS BEEN STEADILY INCREASING SINCE RONALD REAGAN.

CORPORATIONS ARE THE ONES THAT RECEIVE THE BAILOUT ADVANTAGES.

TONY SNOW QUIT BECAUSE "HE RAN OUT OF MONEY." HE MADE OVER $168K/YR.

IF/WHEN YOU LOSE YOUR JOB, EXPECT TO MAKE LESS DOING THE SAME JOB.

ETC...

I'm all for PEOPLE taking RESPONSIBILITY for their ACTIONS. But I'm also for PEOPLE being given a FAIR shot. To not even provide a BASIC understanding of the economy system of our country, and then judge solely upon one's performance within this system is a SET UP FOR FAILURE. I know a lot of folks who knew nothing about their CREDIT SCORES until their late-20's. That has a huge affect on your "credit life." Even moving around too much can be looked upon as NEGATIVE.

It takes a concerted effort to be successful within this system. You don't have to be an economist to figure it out.

DO NOT DISREGARD IT!