Soaring oil prices and housing have helped to derail the economy

Soaring oil prices and housing have helped to derail the economy

Surge in crude has had an impact – less disposable funds for other goods

The silent killer of our economy

Many Americans are changing their spending habits. Cost of energy and other necessities have gone through the roof, leaving very little disposable funds for other goods.

The sub-prime mass and the lack of mortgage funds for housing are increasing our economic nosedive. The Feds can lower interest rate, if the financial institutions are not providing financing and or asking for a large down payment and a perfect credit score, the economy is not going no-where.

When the housing market is down, there is a snowball affect on other industries, appliances, furniture, carpeting, etc.

Economists will tell you that; when income is not keeping up with increases in the cost of housing there bound to be fallout.

Our automobile industry has gone to overseas companies, jobs lost forever. We must wake up and take some dramatic initiative to change this economic course.

Jobs in the United States are continuing to go overseas, our export has diminished substantially over the past 25 years and our imports have increased substantially in the same period.

We have resources, we have technology and manpower, why are we not utilizing them and devise a mechanism to re-instate our economic independence.

Put the politics and egos aside, let us all unite in a common cause, consider what is really good for our country without any hidden agenda or political favors. Bring honesty and integrity to our society; re-instate economic boom and fiscal responsibility.

We have been behind the eight ball before; we can muster whatever it takes to turn around our economic downturn.

Politicians are spending millions campaigning; those funds can be utilized for better purpose. Do not give me promises and tongue twisting, empty promises are easy “show me” that is the motto.

YJ Draiman