Jul 16, 2008

People Need To get Real

We are in recession and it is going to hurt. Tax cuts might help a little, but some of the policies being proposed could make things worse. For things to get better we are going to need a lower dollar and lower interest rates. Big wage increases and increases in Government benefit payments will delay interest rate cuts , and rather than relieve the pain will extend the time before interest rate relief occurs. Some of us were pointing out the consequences of out of control Government expenditure years ago. What a shame we were ignored and the chickens have come home to roost in election year!