Solution to the Crisis

The solution to the financial crisis that is now not only jeopardizing our own economy, but now seemingly the world's apparently will not be fixed by throwing 700 billion dollars at it. The financial institutions that begged so much for that money to free up drying credit, so they can lend money to each other, now have concerns about consumer confidence and growth in economies. Given Wall Street screwed up and brought us to the brink of catastrophe and our leaders on Main Street seem more interested in their own careers than in saving us, what kind of confidence do you think we will have?

It seems the big business, big money and all those involved with that level are determined to push us into a recession. Risky lending and investing practices that resulted from our leaders not keeping eye on them has pushed us to the point where SOMEONE has to give. And “they” are not giving up one penny back from what they worked so hard to get from us.

Inflation, rising gas prices, inflated interest rates and decreased earnings have put the crush on Main Street and the only way to restore confidence in us is to loosen up the vice. Does it make sense those employees of companies pay rates are raising at less than inflation, while inflation is based on the price of their products sold? Profits are down in most companies because we can not afford to buy what we work so hard to make. Why is this? It is because the people at the top of businesses and stock holders are overstuffing their pockets.

To install confidence in consumers, big business needs to take a long, hard look at how much they are raking in and cut that by a reasonable percent and give it back to Main Street in the form of lower, more affordable prices and interest rates. Then there will be a return to consumer spending and economic growth.

The economy is controlled from the bottom up. If no one is buying, or able to buy, everyone suffers. Big business is too concerned in making as much money as quickly as possible for its investors and controlling officers that it is cutting off the lifeline that feeds it.