insideyournwa.com

I really thought it would take longer to begin seeing the stupidity in the government?s decision to pay us off for our economic woes. Don?t get me wrong, I realize that the check coming in the mail from Uncle Sam will help a lot of people, myself included. However, I am certain that the economic stimulus plan proposed by our suddenly bipartisan congress, was much more about political posturing in an election year than about laying the foundation for economic recovery. For every $145 billion our country continues to dish out, be it war or stimulus, we continue to weaken the once proud dollar, furthering the abyss of a prolonged recession. The government isn?t paying you. George W. Bush may sign the check, but he is only a microcosm of the larger problem of spending what we don?t have.

As a country, we are acting scared. Following 9/11, we depended on the housing market to provide us equity, stability, and most importantly, confidence. And it worked beautifully. The biggest problem we faced after 9/11 was fear. Thousands died on that day, and we resolved as a country to overcome our challenges and march forward. We needed medicine, and the housing market was our medicine. Only we overdosed. Easy credit and historically low interest rates fueled speculation and profits. Any economist would tell you, a correction must take place. Unemployment and job growth returned to normal levels, the commercial sector was alive and well, and the stock market was neither bull nor bear. It became painfully obvious that a housing downturn was evident, and that its effects could be painful. I guess it is in our nature to delay the inevitable pain when we?re feeling good. Government action on interest rates and appropriate regulation of the mortgage industry would have launched our housing correction a few years ago, preventing the sub-prime mess and leaving many buyers with remaining equity in their homes. And they knew. They all knew. Instead, the last few years lined some pockets with a ton of cash while jeopardizing the banking industry for years to come. Realizing the bottom falling out, the media, economists, and fear decided delay appropriate corrections, an action that leaves us in a state of fear, in a time of war, with an intense election underway. This scenario is a recipe for collapse. This potential collapse is not a result of the illness, but rather a result of exuberance.

And the government is trying to pay us off?

We will have parts 2-4 in the coming days so make sure you check back with us.