Our National economy is bad right now. It may get worse. I don’t want to guess how bad it might get; everyone else is trying to do that.
The reality of what has happened is clear in my mind. We have spent ten years refinancing our houses and taking out second mortgages. The “refi boom” propped up our sagging economy and made us think we were OK. It was a big lie and that is no way to stimulate or build an economy by borrowing money at a different interest rate.
Now it is time to sober up and realize we have to make something. Manufacture American goods and sell them to someone else. It is the only path to prosperity.
Erin