Economy

The Real Deal On The Economy

March 18, 2008 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

The FED dropped the interest rate again Tuesday and that sent the stock market into a frenzy, well good for the shareholders but what does that do for the over %60 of Americans who have little or no investment in stocks? We are addressing the symptoms but doing nothing to address the real illness, job losses and outsourcing which has devastated our economy. See the Government is still akin to helping out Big Business more than the average citizen even during trying times and this is why the economy is faltering, because of Big Business and their idiotic economic policies.

Case in point: Americans are losing their homes based on the mortgage crisis so what does the Government do based on Big Business recommendations? They bail out Bear Sterns and make funds available to other instituitions like them but they do nothing for the citizens who are losing their homes. Why not give the money to the Americans who are losing their homes rather than the mortgage makers who made risky loans to take advantage of questionable loan applicants. And we must not forget that many Americans are not defaulting on their mortgages based on rates but based on the fact that their job was outsourced or job sourced overseas, and this is a big reason for the housing mess. These are the problems we are facing, but we continue to address the symptoms but not the cause and until we address the root causes we will never get our economy on track.

We need to do two things; 1) we need to create jobs for Americans and 2) we need to make importing less advantageous and make domestic creation more profitable. See, if we do not have Americans working we will not have an economy to worry about and this is the problem no one wants to stand up and discuss. If we are not paid to build it then how can we afford to buy it? And the slave labor in India and China are not buying our American made products so just who does Big Business think will buy the products they are making overseas? We don’t have jobs to buy things with and outsourced labor does not make enough money to afford the products they create, and this is the real reason the American economy has failed and if you don’t know now you do. Even with bail outs and refund checks and economy stimulators, we will only end up back at square one if we do not address the problem of a gigantic trade deficit and the unfair valuation of the Chinese Yuan.

I will tell you again, we have to be paid to build it if we are looking to buy it and we must make our politicians stand up and protect us from cheap imports and so-called American companies who outsource. I say screw the tax refunds and tax breaks, instead take this tax money and create jobs rebuilding American infrastructure and energy sources.

Let’s get real here, let’s make a real difference for our economy.

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