I want to get to the impact of the current economic crisis on tech workers, but first a word on U.S. Treasury Secretary Henry Paulsen, who engineered the mammoth $700 federal bailout of Wall Street with your tax dollars. And your kids' future tax dollars, and their kids' future tax dollars. I've heard from a lot of Wall Street wise-guys that Paulsen has misread the problem, and that we, as a country, are giving the federal government way too much power that we'll never get back. Oh, and that there is no guarantee that the bailout will even work. Exhibit …

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Last week, in the middle of the worst stock market meltdown since the 1930's, U.S. Secretary Henry Paulson called on some of the banking industry's leading lights to figure a way out of this mess. Paulsen, with Lloyd Blankfein (Goldman Sachs), John Mack (Morgan Stanley), Vikram Pandit (Citigroup), Jamie Dimon (JP Morgan), and Ken Lewis (Bank of America); came up with a series of steps to fix the U.S.e conomy, both in the short- and long-term. Let's summarize what the group decided to do . . . 

 Immediate Goals:

 > International coordination and cooperation by financial regulators
 > Establish …

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I might have mentioned that I wrote the book proposal and the first two chapters for Peter Schiff (aka "Dr. Doom) and his increasingly prescient book "Crash Proof: How To Profit From the Coming Economic Collapse." Schedule conflicts made it impossible to keep working on the book, but Schiff finished it all the same, publishing it two years ago. I'm glad he did. In the book, Schiff points out how it was a credit-driven consumer economy that fueled the technology bubble, and then the housing bubble right after it. As politicians figured out that demand for credit could be leveraged, …

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The End.