Most media commentary would suggest the answer to this very complex question is yes.
If you were to buy into the conspiracy propaganda circulating the web. Bad banks, preying on under informed customers. Exurbanite fees, sky high default rates.
Government programs that are seemingly tailored for big business. Federal job creation that is non existent. The status quot returning to D.C's inner circle, weeks after promises were made that would seemingly reshape our present world.
Much to worry about !
Once again our brave young president is expressing concern as to the growing rate of unemployment in our nation. seriously, President Obama is concerned that his constituency may be facing ongoing un as well as underemployment. The president says "It's gone on too long."
And then of course, the issue of predatory banking is big in today's news. It seems as though Banks are dumping losses on their performing customers. Folks that have made payments in a timely manor. That's strange, A lending institution that is in business to make a profit. Who ever said banks were fair?
My dear Friends: Obama is not going to fix everything. The Banks are not going to eat their losses. Those that believe that government and banking is the root of all evil, I have a kind suggestion for you.
1. Pull your cash out the bank, if you have any left.
2. Cut up your credit cards, live off cash. Bankrupt your major institutional debt.
3.Burn your social security card. Destroy your voter registration card.
4.Refuse to pay your taxes.
Let me know how that works for you. In the mean time, I'll continue to work with the system that's in place. It's just a matter of time before our economy begins it's slow but steady turn around.
R.Max



