Tuesday, August 2, 2011

"Stuck in Neutral!"

I once had a car that had this problem; it would constantly jump into neutral at stop lights. It was exasperating as I drove down the street, reaching a signal or sign, when "pop", back into neutral I would go. One can only contend with this type of problem for so long without seeking repair. I was working for an auto dealer at that time, and was able to make the necessary repairs at a reasonable cost, although at the time, it seemed quite expensive to a young guy; around $500.00. This was back when $500.00 was real money! It was kind of a "good news, bad news" scenario; I got my car back, but now I couldn't afford to go anywhere.

Over the course of the last two-plus years, America has been going through a period of economic turmoil that is worse than any that has occurred in my lifetime. Ask any of your friends, and I believe you will receive similar responses in regard to America's fiscal condition. America has attained a debt which would have seemed inconceivable only five years ago. We have accumulated a debt which adds up to four times all the debt this nation had attained since its inception in only 2 1/2 years! Our current administration has tried to "spend our way out of debt and recession", and it has failed miserably. Month after month our unemployment is barely moving in the right direction. Every town and city in America has seen business after business close their doors; homes are being foreclosed on at historical numbers and Americans are going through their life savings in an effort to combat these incompetent economic policies. Now for some good news, the economy of Mexico is on the upswing; its unemployment is going down and its GDP is going up, and it is actually drawing back some of those criminal illegal aliens back home! Of course, it doesn't help us that those who remain here are sending 22 billion dollars a year back to Mexico!

Unfortunately, on our domestic front, our GDP is not in such good shape! In our second quarter, our GDP grew only 1.3%, a snail's pace with no real relief in sight! This news has a rippling effect across the entire world; world markets look at America's growth and are quickly losing confidence in the United States' ability to lead a world economy. I have NEVER SEEN America in this position before!

Our current administration has only "amped-up" government spending with further entitlements, and made it more difficult for the small business man. No real progress has been made to allow the private sector to succeed. I'm afraid that if America continues to follow this philosophy, we are inviting a depression that will make 1929 look like a "garden party"! Mr. Obama will probably sign the new budget "grudgingly" because his wish for MORE TAX isn't included. Mr. Obama must come to the realization that America is "stuck in neutral" because of his ideology. But the good news is MEXICO IS DOING MUCH BETTER!

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