Tuesday, March 18, 2008
Stocks on Steroids
Is it really the right solution for the federal government to inject the economy, particularly the stock market and credit and loan bureaus, with 200 billion more dollars worth of federal emergency loans ? Where is this money even coming from when our nation is already in debt trillions of dollars ? Who does this injection benefit ? Who will pick up the tab and when ? What do the federal interest rate cuts actually do and what is the lasting benefit ? Are there any policies or rebates which encourage people to save, be resourceful, and avoid debt ? What are the tangibles which back up our currency ? Is it oil ? Is it housing ? What will we do if our currency can no longer purchase cheap goods and services from subordinate countries ? What if our leaders' eye on the prize in the middle east doesn't result in a return on our investment as they had hoped ? These are important questions to stop and think about. As the true reality of our economy presents itself, we may find great opportunities to be creative and make positive and necessary changes.