[quote=socrattt]Agreed, everything is revolved around the US economy, but will greed and power ever take a back seat in our economy for the young guys like me to ever get involved in actually making this country a better place for future generations? That is why I have such a negative view of our current status.
I am busy working on some large alternative energy projects, yet seem to struggle getting any help from our government on the side of taxes and federal subsidies. We need to make this country much more energy efficient, but neither party really helps us young guys succeed. It usually ends up in the hands of Uncle Sam to be spent on projects like buying bad debt. :)[/quote]
Actually bailout 2.O included tax incentives for alternative energy funding, so you see, it’s not all that bad.
Second, truely innovative ideas will find funding in the private sector as well. The fed might be broke, but private equity sit exists. It’s really not doom and gloom. Being young, you really don’t have to worry about all the risks in the economy right now. See, for instance, my co just recently let go a bunch of experienced 10-15 year folks, but we’re hiring a bunch of college grads and 2-5 year folks etc. Call it cost cutting,etc but you younger folks aren’t having aproblem finding opprtunities even in this market. If you were in your 50ies ir 60ies that need to tap that 401k soon, yeah I can understand why you’d be freaking out now. But if you were close to retirement, you should have been is cash like assets to begin eith and not equity. Anyway, cheer up. You have nothing to lose and everything to gain. I only wish I had more money now. If I were single I’d be throwing the entire house at select equities right about now.
(Please don’t take my financial advice. It’s not in your best interest…:))
