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Monday, March 16, 2009

Speaking of Dollars

I have been thinking about this whole economic mess lately and something interesting occured to me.Before this huge hole in the economy happened, we were exporting a record amount of dollars. Oil prices were at an all time high and money was flowing out of the country in huge waves. Not to mention all those chinese products at walmart.Does anyone wonder if perhaps we just exported so much money that it created this void which the goverment is now madly trying to fill?This mess has been attributted to a credit freeze. While it’s obvious that America has been living on too much credit, it’s hard to believe that the economy can reverse course so hard on credit alone.This is all just food for thought. Right now, the government is trying to ride in and convince us all that we absolutely must spend all this money to save the system. Not to mention, they want us to go for that, without really questioning how it happened in the first place.What do you think is the real cause of this mess? Any suggestions on the solution? We know what solution we are getting, but is it the right one?

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