Ecomomy
Idea for solving the housing crisis
Most people seem to agree that something should be done by the federal government to stop or at least slow down the rate at which Americans are losing homes to foreclosure. As you probably already know, the root of the problem is that as these homes lose resale value, it becomes impossible for the homeowner to refinance their mortgage. A... »
Worried about America’s economic future
I am writing now to alleviate a little stress. I have been stressing out today over the stock market. The S&P 500 was down about 7% today at the close. My wife and I lost a substantial amount of money in our primary retirement account. A couple of days ago, I tried to move all of... »
Get ready for a bailout for General Motors
As the economy continues to worsen here in October 2008, it is becomming more evident that the government will probably bail out the failing United States auto industry. The Federal Government is just too scared to let market forces run their course. Politicians are scared of the fallout that will most certainly occur if they let these giants go into... »