Bryan Crabtree

Remember, the plane that landed in the Hudson and what a hero the pilot was? Well, imagine our Country, Our Economy is that plane right now.... NO engines. And we're losing atltitude; but the pilot? Where is he? He's in the back making sure the passengers have enough food...oh! and those little bags of peanuts. After all, we wouldn't want to be hungry or thirsty as we crash nose first into the water.

Well, that's not what happened with the US Airways flight, but it's a great analogy as to what our political leaders are doing in Washington right now.

We're not fixing the problem. We're not focused on the problem. We're working on stupid, social crap that's useless if our Country spirals out of control for a crash landing.

We need to focus on infrastructure jobs, creating a bad bank to house all the toxic loans from 2004-2007, helping owner occupants in foreclosure by lowering interest rates to keep them in their homes, offering tax credits to families and for home purchasing, and finally, we need to focus on Alternative Energy sources so that we lessen our dependance on foreign oil.

It's simple. That's the dose of medicine and reform this Country needs now. Instead, we're trying to move toward Socialism. What does all this crap have to do with fix the economy?

You can now download our radio show on Itunes, by typing in "Bryan Crabtree" under "Business" podcasts. Or visit our website below:

http://housedog.com/wtma-radio-show-by-bryan-crabtree-c12907.html

Each week Bryan focuses on Charleston and Mount Pleasant Real Estate in South Carolina, offers news, tips on buying/selling/foreclosures and talks about economic conditions and issues affecting real estate.

We're proud to announce that in conjunction with our Contract on 1250am, WTMA, we've now began posting our radio show online each week after it runs. Listen to the show on WTMA at 8am each Saturday, or listen anytime of the day on our website at HOUSEDOG.COM.

http://housedog.com/wtma-radio-show-by-bryan-crabtree-c12907.html

Please tell your friends and neigbhors that there's now a source for getting timely information about our real estate market, sharing ideas and learning about current trends and conditions in our Charleston/Mount Pleasant and Tri-County Market.

This so-called stimulus package really has me upset. Are we really going off the deep end as a Country? Yes, I know, this is Washington and what should we expect but for every liberal politician to get a piece of pork thrown in. After all, they have a lot of people to pay back after a sweeping win in several elections. But, really? Condoms? $4 billion to groups like ACORN? $72 million for a computer upgrade? Should I continue?

What in the **** is this stimulating, other than a few elites and their pockets. Where's the housing bailout? Oh! The $500-1000 per family making under $150,000. Do these idiots in Washington actually think that will have any impact on the typical American Family? People need jobs; people need help keeping their homes, modifying their loans.

Try again, Washington - Your plan is terrible. Please block it in the Senate - I don't want my son paying for this plan when he's old and grey.

1250AM WTMA each Saturday morning at 8am - or listen anytime online at:

http://housedog.com/wtma-radio-show-by-bryan-crabtree-c12907.html

So, we lost about 60,000 jobs in the US today, more stores are closing and the answer?

Let's give everyone condoms. Hey, that's whay Nancy Pelosi wants to do. Is she crazy? John McCain is right on this one - don't vote for this porkalicious stimulous package full of crap.

We need real solutions. President Obama says, "we can't afford distractions..." I couldn't agree more. This porkalicious bill full of "PORK" is not the solution.

What would be better? Just give FHA all the $900 billion to make loans to working American families who want to buy a house up to $417,000. That'll work better to "stimulate" things. At least we'll move inventory, slow foreclosures and get jobs back in the industry. Maybe that's not the best solution. But, it's better than the former.

Inflation chatter could come around again this week, as the Fed will be holding their regularly scheduled meetings on Tuesday and Wednesday, with their Policy Statement and decision regarding the Fed Funds Rate coming on Wednesday. Remember, the Fed made history last month when they slashed the Fed Funds Rate by .75% to the lowest target range in history of 0% to .25%. The chart below shows an interesting history of the Fed Funds Rate since 1955.

Other potential market movers include Friday's Gross Domestic Product (GDP) Report. GDP is the broadest measure of economic activity, and given the state of our economy, a negative report might not be too much of a surprise. In addition, Thursday's Durable Goods Report (i.e. items that are non-disposable, like cars, furniture, appliances, games, cameras, business equipment, etc) will give us a read on consumer and business consumption and buying behavior. We'll also get a look at the housing market this week with Monday's Existing Home Sales Report and Thursday's New Home Sales Report.