Desperate to Kick Start the Economy

Yes its true to say they are desperate to kick start the economy. With the 700 billion dollar bail out passed and in the works. Now the Fed Chairman kicking around with Bush and wanting to see another stimulus package of hand out checks to citizens. The talk of buying up Corporate paper to loosen up and release the credit market for Banks.

All this seems to be going for naught right now. Tweaking here and there trying to see what will work. With the only positive effect being the slow down in the economy having a positive effect for the consumer in the lowering of the price of oil that has cascaded down to lowering of gas prices at the pump. Lower gas prices will in no means boost the sluggish economy. With retailers gearing up early for the holiday season with lower prices and sales trying to make sure the holiday season is profitable. Knowing full well its make or break for them during this time of year.

Another stimulus package is not a bad idea from my point of view. What the heck I will take another check from Ol' Uncle Sam. However the last stimulus package had little if no effect on the economy with most citizens taking that money and putting it away or paying off some debt. Not really putting it back into the system with purchase of consumer goods as expected.

My confidence is secure in the ability of the economy and the Country to bounce back. I see it as the natural order of things. We are simply reaching the bottom of natural swings of up and down. Good times and bad times... a natural boom and bust.This country has seen many swing over its life time over the centuries. As time goes by and things improve we will be talking about the days when things were slow. You just can't have it good all the time. There must be swing of up and down.

The Real Estate market Nationally has almost reached its bottom. Probably another year of slide downward in prices as sellers realize they will have to bit the bullet and lower prices in order to move their properties. With pockets around the country still doing well with property values still in appreciation mode. I live and work in one of those pockets here in Mobile. Property values have dropped to some degree. However not as much as the national average. As soon as the credit markets are free the sale of property will resume in earnest. With home buyer having the luxury of being able to pick and choose bargains not seen in years past.