All government Stimulus Legislation since 2005 including 1) stimulus checks, 2) tax cuts, 3) tax credits, 4) interest rate reductions, 5) Recovery Act, 6) TARP Funds, and 7) Stimulus Package 1 have been no more effective in getting the U.S. real estate market and overall economy back on positive tracks than putting pieces of bubble gum in the cracks of a dam in order to stop them from leaking. The reason these government stimulants are not effective is because they are equivalent to pouring water around a pump (our economy) in order to try and prime it as opposed to pouring it down the pump. Simply stated, they have not resulted in getting the 6 Fundamentals of the U.S. economy to increase. And until these 6 Fundamentals start increasing again, tragically and unfortunately, the U.S. real estate market and overall economy will continue to deteriorate.
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