Negotiating Your Own “Long-Term Project” Skip to main content
×
×

You are here

Negotiating Your Own “Long-Term Project”

Print

Despite a few recent hints that the sluggish U.S. economy might be improving—including record-breaking consumer spending figures from the recent Black Friday shopping boom—U.S. President Barack Obama is ready to warn the American masses that it could take longer than expected before the country gets back on its financial feet again. In an interview with CBS' “60 Minutes" program, “Obama was asked whether he underestimated how difficult it would be to fix the U.S. economy when he became president in 2009. ‘I always believed that this was a long-term project," the Democratic president told ‘60 Minutes.’ He added it would ‘take time’ to reverse "structural problems in our economy that have been building up for two decades.’” Obama added that he thought "it was going to take more than two years. It was going to take more than one term. Probably takes more than one president." When asked whether he thought the U.S. jobless rate might drop to 8 percent by next November's presidential and congressional elections, Obama said: ‘I think it's possible. But ... I'm not in the job of prognosticating on the economy.’” But what the President is providing are some insights into the nation’s long-term economic health, with strong signs that things will remain bad before they get better, especially when it comes to the U.S. job market. “The U.S. jobs picture has improved in recent weeks, with the national unemployment rate falling to 8.6 percent from 9 percent. The government also reported this week that the number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week. But even an 8 percent unemployment rate is considered high - a 4 percent or 5 percent rate is seen as about normal - and if it stays high in coming months, it could complicate Obama's hopes for re-election. Some independent economists have suggested the national jobless rate is likely to be in the range of 8 percent to 9 percent, leaving millions unemployed over the long run.” The President’s interview sheds light on two important points: (1) average Americans may be doing worse than we thought, and (2) the silver lining of the slow and steady economic recovery may be father off than we had ever anticipated.  Add to these exacerbating factors the current global economic concerns and increasing seasonal fuel costs, and many are predicting there may be even tougher economic times just around the corner. Therefore, your own “long-term project” in 2012 and beyond may be staying current with ballooning bills and rising economic expectations amid small income increases or dismal unemployment and underemployment forecasts. As a result, millions of Americans aren’t waiting for a magical economic solution, but instead are taking their financial futures in their own hands by furthering their education, shoring up their expenses, and, in some cases, taking on second and third jobs, where and if they exist. But what if you’re already unemployed; or drowning in debt; or both? What can you do to make a new start before the recessionary weather returns? If you are already struggling financially and fear the further fiscal impacts of a economic double-dip, now is the time to take on your financial woes and take back your fiscal freedoms by making a fresh start through bankruptcy. Discharging personal debt through bankruptcy now is, in some cases, the only solution for so many Americans—especially unemployed persons facing years without steady income—to keep their personal lives financially afloat and creditors at bay. If this sounds like you and you’ve already found yourself in dire straits just as America faces a lingering economic malaise, knowing a qualified bankruptcy attorney is the first best step to help you regain your post-recessionary power.  The bankruptcy attorneys at the Law Offices of John T. Orcutt offer a totally FREE debt consultation and now, more than ever, it’s time to take them up on their offer. Just call toll free to 1-888-234-4181, or during the off hours, you can make your own appointment right online at www.billsbills.com. Simply click on the yellow “FREE Consultation Now” button    

Debts Hurt! Got debt? Need help? Get started below!

What North Carolina County Do You Reside In?