As you look around your community and size up the economic status, you wondered what happened. Strip centers, a typical spot for small businesses to open up shop, have high vacancy levels as do all factions of residential real estate. The Sunday classifieds have the make up of a paper airplane. Nationally, unemployment is at decade high levels, the administration is openly bashing business and hope for a escape from the new normal seems lost.
The fallout of a housing bubble has left Americans paying a terrible price, a price higher than necessary due to artificial influences from government. Increasing and uncertain future regulatory action, a rise in taxation and increasing costs of credit have extended the pain. The Housing crisis is not over, and governmental intervention then and now continues to prohibit the market from regaining normalization, negatively influencing prices and prolonging the duration and depth of the crisis.
The American people rose up against bailout nation, but Washington failed to listen. The disconnect from our government to the people is from the top down. The Obama administration subscribes to a nanny state progressive system seizing power from the people and frowns upon free market capitalism, home of the entrepreneur.
As polls indicate a thrashing of Democrats in November, for those who still drink the Kool-Aid or are disengaged, a vehicle to educate the masses has emerged in a new movie, "I Want Your Money". Please see the following trailer:
The movie compares the economic thought processes of President Obama and former President Ronald Reagan on how to fuel America's economic engine. When these ideologies are compared, it is quite simple to recognize the best path to prosperity, and that is free market capitalism.
Ronald Reagan was right! If you have any doubt, catch the movie, or look around.
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