Will reality ever phase Cobra owners? (economic crisis)

[Thieleng]

Well, I just read a newspaper article yesterday that stated Nevada was the lowest in the 50 states as far as economic conditions. I sold my business 3 years ago with the intentions of slowing down and being more selective as to what client's I wish to maintain and work for in the future. I sold a business that had two offices and combined revenues above $10M, 77 employees etc. on an installment plan that has 2 years left, and that is down to approximately 10% of it's original value. I had to draw out my retirement funds about 6 weeks ago in order to continue, client's that I have had for over 20 years and have worked with through several boom and bust cycles are now filing BK and cannot afford to pay their bills. My plans for slowing down have now been exceeded by the need to start over and to raise the Phoenix once more out of the ashes. I cannot do much with the economy other than endeavor to persevere and hope to survive long enough for the turn around, when and if that occurs. I have all my equity and liquidity invested in my home, which is on the market, the value of which has declined by 31% over the past 6 months. I will be 56 in a month and still have one daughter in school that will graduate next spring. Meanwhile I watch the news and see the potential evolution of the United States into a socialist state re: Socialized Health Care, Feds majority owners of Banking, interference into money markets etc., for some reason the Cobra is not as much fun as it use to be and probably will be sitting in the garage for a while.