It is 2010 and we are watching 1957 come around again. Only this time we are in a high credit risky world. No one wants to fail and the nation’s banks will not lend credit to any company, or individuals unless they have a high ability to pay it back. They are asking about whom, how, and where you are this time. It only flows easy, if the government flushes more worthless paper as a step-up to the banks.
In the late 1950’s the U.S. Government pumped funds into the county by backing individuals to allow the purchasing of homes, autos and goods. This is how we build this county. We have passed that ability now. Now our government is trying to just protect the major players or as they claim the ”too big to fail” ones.
Our government has borrowed from the world and now the world is saying we do not have any more money. They are now asking how “we” are going to pay it back. A good question! No one seems to know the answer. Therefore, we are broke. If we did not print more money, “we would be on the street-like a homeless person”.
The FED has been printing money day and night since 2008. They are printing paper to loan to our government. How-ever no one wants to be the first to stick their neck out and borrow some of this cheap funny money! Now the money in your pocket buys fewer goods. Food and fuel are the main products. The stock market falls some more. Investment slows and stops and more jobs all over shrink and disappear.
We can blame the people that caused this or hope and pray for someone to go to the front of the class to get us out of this mess. LOL
However, the real problem is, getting out, because to go back to the future will take 8 to 12 years. It will hurt us all if we just continue to spend more of this taxpayer’s funny money as it will only cause greater hardships on everybody. How do we go forward?
We can start by lowering the spending in the federal budgets. Stop trying to get the banks to spend more by continuing to allow bad loads to everybody. If a large company is failing, let it, other companies always jump in its place to produce the jobs.
The main reasons companies outsource and go overseas are taxes, low re-investment, and low productively. By giving more money from the taxpayers to a failing company, and not demanding re-investment and by raising taxes on them, they fail or always go out of the county.
Do you believe this can happen? Only if you want to share the pain for the long term, or continue to stay like a frog in the slowing rising of hot water. We all know once it boils over it is too late.
God help us all; remember our kids will live in what we have allowed in this county.
