Pre-Election Jitters?
I would like to ask the question, "Do you think that if we see major changes in who is seated in our Congress and Senate...could that give a major psychological lift to the nation and boost confidence?"
Most everyone I know in real estate across the country are telling me that their market has slowed considerably since the credit stimulus has disappeared. I've been in real estate long enough to know that this is not business as usual now that the kiddies are back in school. Mortgage rates are absolutely incredible if your buyer can get a loan, and there has never been a better time to buy a home at the right price. But where are the buyers? They seem to be frozen in fear, and have postponed any big purchases for the time being. Consumer confidence is still dropping, unemployment remains high, and the promised stimulus and Tarp monies will be withdrawn from the economy shortly. No one really knows what is going to occur next. Historically, it is very similar to the Great Depression sentiment of 1937 when many persons in the country through out congress because they realized nothign was changing almost 8 years since the first crash. (The Forgotten Man)...so similar to the late 1930's we may not looking to Washington DC to solve this crisis.
So here are my thoughts. I 'm sure many other persons like myself are looking to see what really occurs this coming election day. Who'll be elected, and how they will vote will affect all our futures. Many Americans have learned a hard lesson that there is a major price to pay for being apathetic in the past. Who we elect does matter. My only hope is that Congress and the Senate on a national level would probably be better served by almost a complete overhaul. It is not their America, but our America. "We the People!" Unemployment cannot be lowered since we have exported almost all our manufacturing jobs, furniture making, textiles, and small appliances (NAFTA). A service sector economy is a pipe dream, when we have nothing to service other than fast food hamburgers and fries. We need viable jobs to turn this economy around again...not road projects on Bailout funds that pay subcontractors that will hire illegal aliens to work on paving roads at night to conceal the sham. The empty promise and failure of unemployment not going above 8% if we send a trillion dollars, and the grabbing of our health care system at over a trillion dollars to be handled by the same serving politicos that created the entire mess we are in is definitely sobering, painful and really irritating. What are your thoughts?
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