BE PREPARED
Some of the major banks have paid back the TARP money that was forced upon them several months ago. They said that they did not need it then and don’t need it now. The alarming development is that now that vast amounts are being paid back, the treasury will not pay back the American tax payer. They are going to foist it upon other banks who don’t need it and don’t want it.
It is coming apparent that in spite of all this money circulating, the banks have written fewer loans than a year ago, the unemployment is still rising at an alarming rate, corporate income is down, corporate profits are way down, and the foreclosures are rising according to RealTracInc. Maybe it is time to dust off the history books and read up on what really did get us out of the depression of 1929.
The answer is, of course, capitalism. Companies were selling goods and services to Uncle Sam and the Allies to fight the War. After the war we were rebuilding the devastation caused by the war. If we are going to pull ourselves out of this recession we need to revitalize the private economy and start stimulating the consumer, not the government. The profits that the capital system generated paid off the WWII spending. By the late 1960’s we had paid off all the national debt and had no deficit at all.
Right now we are trying our hardest to outspend the American Economy. If we succeed, we will only drive ourselves further into national bankruptcy. It is up to us to protect ourselves from the tax storm to come. EVERGREEN COLORADO REAL ESTATE will legally shelter you from the inevitable tax burden on the horizon. Now is the time to be successful; give us a call at MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGE SERVICES and let’s plan you retirement income. We are the one stop shop for all your Real Estate needs in the Rocky Mountains. Whether a home of Your own, a retirement investment, an EVERGREEN COLORADO HOME LOAN or an EVERGREEN COLORADO MORTGAGE REFINANCE call us at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.evergreencoloradoliving.com. And don’t forget to sign up for your FREE BUYER INCENTIVES.