Stocks, Forex and Other Money Matters

The economy and job situation is very bad at this time and many people are in serious financial trouble. Not only have peoples investments lost value but their homes have gone down in value too. In some cases, people now owe more on their houses than they are worth! Bankruptcies are on the rise and the number of people who are in serious debt has gone up alarmingly.

This is a first had lesson of why it is so important to not live above your means. In our society today, too much emphasis is placed on buying things on credit. It is too easy to get a credit card and people think that it is just fine to buy things before they can really afford them. Our whole society is built on credit and now a lot of bad things are resulting from it

People voted for President Obama because they wanted him to make a lot of changes. Unfortunately the only change he has done so far is to put our country deeper in debt. He has thrown a lot of money at a lot of things and his strategy seems to be that you have to spend more to make things better. This is unlikely to work as it has never worked before in the history of this country.

Obama can’t give money to everyone and so choices must be made. Those that don’t qualify are going to be upset as they are in need too and will feel slighted. This is already happening with the mortgages bailout. Not everyone has qualified for government assistance and many people are disturbed. Some homeowners have qualified for lower mortgage rates and some havent which is upsetting to many when they dont understand why.

The stimulus package that was passed and is distributing money to many sectors is really our tax money. To pay for all of this our taxes will be raised and future generations will undoubtedly have to pay as well. The government is borrowing money on credit and making the same mistake many people do when they borrow too much. How this will all end is unknown but it appears that there will be some dark days ahead.

Popularity: 1% [?]