Posted by: Bob King, CEO

Have you seen the show Are You Smarter Than a Fifth Grader? Sometimes I think our clients at ClickBank are smarter than the people in charge of our economy.

On Monday evening of last week I’d just gotten home, had a bite of dinner and settled into my easy chair to unwind after a particularly busy day. I was frustrated by the news that the U.S. House of Representatives had failed to pass any kind of rescue legislation to begin the turnaround and recovery of the U.S. economy. (I apologize to all of our global readers for starting this off in such a U.S.-centric way, but bear with me.)

Now don’t get me wrong, I’m mad about the greedy leadership of the financial institutions that are largely responsible for this mess. But we have to deal with them later. Right now we have to put some mechanism in place to restore credibility and confidence in the system, to make credit available to individuals, small business, and yes, big business too.

One more tirade and then I’ll get to my point. The mainstream media did a horrible job of explaining the whole picture of the bailout. They chose to sensationalize it as $700 billion right to the taxpayers, $2,000 to $3,000 for every man, woman, and child in the U.S. What baloney. The assets sold off and managed, plus the government’s ownership and interest in the ongoing institutions, causes it to net out to much less than $700 billion. We are close to the economic abyss, so let’s all get real here.

ClickBank is responsible for the livelihood of its employees and tens of thousands of affiliates and publishers who depend on us for income. I’m happy to report we are rock solid, no debt, and continuing to grow. Consumers will continue to look for and buy informational products. All of you in the ClickBank community do an amazing job of developing and promoting those products. It seems you always adapt to the changing times and come up with products particularly well suited to the issues of the day. I’m seeing some interesting new products in the last few weeks providing information on how to prosper in these trying times. Keep up the great work!

Now if we could just get the U.S. Government leaders to be as creative and hardworking as you, we’d be well on the way to recovery.

Thanks for listening. I feel better already.

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