We have a little over 14 million unemployed. To put half of those people back to work in three years we have to add 208,000 jobs a month if we continue on the same path. Seems like an impossible task at this stage.
Homes sales drop 27 percent in July and now we hear talk of more stimulus so we can generate more homes sales. I say no to this. Let home sales drop and let the prices drop. The ultimate benefit is when homes prices drop to a natural level then more people will be able to buy homes at an affordable level. Homes are meant for people to live in, not to be something that you live in for a couple years and then turn around to sell for a massive profit. We have our priorities backwards here. The goal should be to put families in homes and not to use a home as a short term investment. People living in homes for many years is what makes a community.
The economy is not getting better or worse. I think it is settling into a natural state of affairs and all will be fine if we stop manipulating things. Not easy to accept. But it may be closer to the truth than we want to believe.
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From what I read around the net, the economy is either still slipping a bit or is going to do a double-dip recession. Jobs have to be created by the government, other than military. It is going to take a president with backbone to do the job, and I see no one stepping forward who is not the same old politician. I find it difficult to comprehend that this nation has fallen so far in 30 years. The USA may still be the best in the world, but being the best egg in a basket full of rotten ones doesn't say much for capitalism.
I actually think the recession never really ended. Just a slow down of the recession and we go forward again.
I need to stop now. The ranting could go on for some time.
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