The War and Economy
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My views on the current issues of today.
seriously, the economy sucks right now all thanks to the war. why did we get involved anyways? why no let them talk it all out? if you ask me, it would have been a lot better to get someone else involved in the war. why not get some Europeans to deal with it, they are closer. and now there is also the swine flu, which i have had by the way, but am i dead? no because I’m typing this article!. Swine flu is overrated!!!!! so you don’t feel well for a few days, big deal. take it easy and relax and you will be fine! any ways that concludes this article. until next time!
agreed, why did we get involved? no WMD\’s (not yet, anyways) however, that\’s not the reason why the economy sucks. the Americans supposedly have an economic system based on capitalism. however, the US government keeps messing things up by introducing policy that screws up a free market economy. for instance, the \”equal opportunity housing\” policy essentially allows people that can\’t otherwise afford to own a house to be homeowners. to make this happen, the US government (ie the tax payers) guarantees the loan. the banks would normally not give money to someone that can\’t reasonably pay it back, but with a deal like this where you can\’t lose, why not take advantage of it. before long, you have a bunch of financial vehicles like subprime loans that people with little or no income have to buy homes that they can\’t afford with monthly payments that just barely match their income (if they have any … self declared income is/was one option people had). when anyone with no money can buy almost anything they want, the price for these items goes up (supply/demand … basic economics). when the real estate bubble bursts, there are many homes that become devalued because they shouldn\’t have been worth what they were sold for. now you have a real estate collapse. the government solution is to help these people stay in their homes by paying to lower their payments, even though the property value is dropping. guess who is really paying? that\’s right, the taxpayer. you can be making all the right decisions, pay your bills, and still wind up on the wrong end of a stick because your government wants to take more of your money to pay the people that made bad decisions. since so many bad decisions have been made, a lot of taxpayer money has been lost to help these people. that is the reason for the bad economy. the government is rewarding bad behaviour. the government has to stop their policy of bailing out bad decisions. instead, they need to keep out of the economy and to trust their citizens to make the right economic decisions with more dollars in their pockets (ie tax cuts). consumers know what they want to spend their money on more than government does.
basically, US government meddling wit the free market economy is what is making the economy \’suck\’ right now.