Thursday, February 12, 2009
Let me proclaim in loud but easy to understand terms. The only way to fix the economy is to create jobs. That is it. Without jobs, no one can purchase goods and services, or obtain credit. Forget about loans, propping up companies, or mortgage bailouts. Let the foreclosures go through and wash out of the system. Home price need to reset so that average people with average incomes and who have jobs, credit and down payments can buy them at realistic prices.