The only solution to this ‘crisis’ is this:

1) Stop Spending. Scrap health care, scrap medicare/medicaid, scrap welfare, and CERTAINLY stop with the ’stimulus’ packages. The thing about a ’stimulus’ is that the money injected isn’t injected by consumers for the products they want, it’s determined by what is really a glorified planning committee. Look up “planned economy” and see what pops up.

2) Leave taxes alone. I know I’m a horrible conservative for saying it, but we’ve got too much debt. We can’t keep getting new ‘credit lines’ from China forever. Time to pay the piper.

3) We need to hurt a little. Economies move in cycles. They go up, they go down; boom then bust. They always have and they always will. The problem with our country’s mindset is that we think it’s everyone else’s fault and that we’re ‘rich enough’ that we can afford whatever we want to do. We aren’t. People blame wall street, banks, Bush, immigrants, whatever they can come up with, when the simple fact of the matter is that NO RALLY LASTS FOREVER.

We had a nice bull run for a few years with easy credit an epic mortgage bubble. People lost a lot of money, and the irony is that everyone acted like it was a huge shock when everything crashed last year. My parents bought their house for roughly $250k in 2000, and in 2006 it was appraised at $592k. SOME SORT OF ALARM SHOULD GO OFF PEOPLE. It’s a 25 year old house that, before the bubble, went up in value maybe 15% during the roughly 20 years prior. INVESTMENTS ARENT SUPPOSED TO JUMP.

My point is, it sucks, but at the end of the day, we need to admit to ourselves as a country that we’ve suffered a pretty brutal setback that will be hurting us for quite some time. Who knows how much debt commercial real estate and credit card companies are hiding to try and save their share prices. Sometimes you just have to sit down, shut up, and take your medicine.

The last thing we should be thinking about right now is adding even MORE debt. Just look at Fannie/Freddie for a glimpse of our debt-laden future.

Related Posts:

• Don’t count on the market going down even though our economy is not in recovery, but the crash will be worse when it comes.
• The dollar has no set value or price. Each day, the price is determined by what the Euro (57% of the weight in the basket of currencies) and 5 other currencies are valued at.
• The problem with the public option is that our government cannot run any program successfully.
• END THE WARS LIKE YOU PROMISED IN THE MYTHICAL 16 MONTH deadline like you said OBAMA!!
• Forgive me for being a “doomer” but just exactly where do you see growth or recovery?

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