Former elected Republican Central Committee member
The Republicans say that now that they have taken over Congress again, we can look to prosperity in America.
I still don’t see the unemployment figures dropping or the price of homes going back up. Maybe that’s what both parties want.
I was watching Chris Matthews show the other day, Matthews wife was a co-host , and quoting her she said, ” Let’s invite and allow more people from other countries to come to America and enjoy the prosperity that we are now experiencing”. I almost fell out of my chair. What was she thinking about?. We have millions of people unemployed and no jobs and the infrastructure falling apart.
They like to tell everyone that the economy has come back so that people will start spending again.
Of course, those that have money will spend, but I find it hard to believe that people will listen to a talk show host and run down to their nearest Wal-Mart or Target and charge a bunch on their credit cards. This whole scheme is the cause and effect of why we are in trouble today.
I can remember the first time I heard some realtor say “you can borrow up to 125% of your equity in your home.” I’m still trying to figure that term out. If you have a 100 % value in your home and you owed 50% of its value that means you have 50% equity. Where did the other 25% come from?
Many say that this is just a transfer of wealth in our country, but no one is saying where the wealth is going to. As we can see our debt to other countries is getting larger and larger. The money we borrowed from China is only part of what is happening to our economy. There are other countries we owe billions of dollars. As it was in the 90’s when the Clinton administration borrowed billions from other countries to stimulate a false economy, and now Clinton is hanging close to Obama.
Many think that Obama is smarter than to let Clinton take over the Obama administration. Many believe that the Clinton administration actually started the downturn in the GNP of America. All we can do now is to wait and see if the Obama administration can pull off the greatest deficit in the history of America.
To put the final mess to bed, we all need to stay fast and not spend whatever you have left in the bank. New cars and other high ticket items will also fall in value at the present rate of GNP.
One way to stop the inflation in America would be to put a price freeze on every item, as was done during WW2, as did President Nixon’s administration in the 70’s.
Right now just hang in there and tighten up your belts, and try to stop the current inflation.
Just in case those of you who don’t understand what a price freeze is or what it does, it just merely stops the process from going up, and with that the wages will also be frozen, which many won’t agree with but it needs to happen.