Why Senator Obama’s Economic Plan is better than Senator McCain’s: 3 Major Key Points.
As we wind down to the last few days of the election, it is important to remember that whomever is elected there will be an economic mess awaiting the new CEO of our country. Make no mistake, there will be some hard choices that will confront this nation for the next 4 years so having a solid economic plan from the beginning is important for the financial health of our country. After looking deeply into both plans, it is my belief that Senator Obama’s plan is the best for the overall health of the economy.
Dear Government Officials and Economic Policymakers: Every American Doesn’t deserve to be a Homeowner.
Dear Government Officials and Economic Policymakers:
I think many responsible Americans are thinking why is it such a necessity or right to make every American a homeowner? Homeownership has become somewhat of a third rail in economic policy and political talk. If you really think about it, not every person deserves or can own a home. The epic foreclosure crisis is demonstrating that. This doesn’t mean that someone isn’t able to have adequate shelter. On the contrary, in extremely expensive areas like in California or New York, many people choose to rent in more desirable areas instead of purchasing a home simply because it is cheaper.
Markets Face Worst October since 1987: Dow Jones Industrial Average on Pace for Worst Year to Date Record since 1931.
At the start of Monday, the Dow Jones Industrial Average was down 36.83% for the year. How bad was that? Let us put it this way, the only two years with more Shakespearean tragic one year performances were in 1907 and 1931. That is how significant this crash is. Even with the amazing recovery of 11.29% this week which again, massive market volatility is a sign of an incredibly unhealthy market, the Dow is still down 29% for the year. The 29% market decline currently places the Dow at the 6th worst year in history. We would have to go back to 1931 during the Great Depression to find a year with poorer performance.