Okay so I've been making a prediction around the office for the last 6 months or so, and have constantly been told that I'm out of my mind, but as of this moment I am going on the record saying that by year's end the economy WILL pick up significantly when compared to it's current status.
Let me be as clear as I can while three children (not all my own) and two dogs run around my house, that as much as the politicians from both sides will try to take the credit for this turnaround, it's my feeling that as it happens it will be attributable to the people and not to the government. The increase in foreclosures driving the prices of existing homes down, will allow more people to capitalize on purchasing those homes that they previously couldn't afford. Not everyone is broke and out of work and those that have money will spend it. They will buy foreclosed homes, more goods, and spur this economy on. This spending will increase the demand for goods and services, and therefore slow the rate of unemployment and possibly create jobs. This will happen because of the people and not the government.
I'm no economist but I honestly feel that people are going to get tired of being "afraid" and living like hermits fearful of spending money. Politicians are all going to lay claim to the policies that help the economy improve. If the increase in foreclosures is a policy of the government, then I guess that they could be responsible, but I doubt it. If people deciding that they're not going to be afraid anymore is a policy of the government, then that's a policy that I haven't heard uttered yet.
I say this as the company that I work for continues to downsize and cuts the hours of those still employed. It's the reason most people think that I'm nuts. I'm just tired of everyone trying to take credit or lay blame for the state of things. I'm spending my money because I'm going to live my life and that has nothing to do with anyone other than myself. I'm tired of politicians and political mouthpieces. All of them.
Regulate the SEC but get heck out of my business. Get out of business, period. I never would have thought that after a separation of church and state, that I'd have to cry out for a separation of state and business, but it needs to be done. "Hey Washington. My kids want to thank you for all the debt you've heaped upon them. You can't spend your way out of a mess. I have to manage my debt, and so should you."
So there it is. The economy WILL pick up by year's end. I'll even go so far as to say that the market will be over ten thousand. This will happen because of the people, and not government, and if I'm wrong then I guess I should be a politician so that I can blame someone else.
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