Well. Congress voted to bailout the economy. So here are my thoughts. I think you can find biblical basis for most of them.
- This was a much for ML King street as for wall street. the vast majority of Americans caused this mess, not just wall street.
- It's time we once again learned to live within our means.
- It's time to once again require 20% down before a person can purchase a house and we must do away with floating interest.
- It's time for some CEOS and Bank Presidents to go to jail for telling people they can afford a $300,000 house when all they can afford is a $150,000 house.
- It's time to either cut up our credit cards or pay them off every month.
- It's time to tithe to our church and to our retirement account (or start one if you don't have one).
- It's time to make sure what money we have is in an insured account.
- It's time to make contributions to our retirement account because the market will go up again some day.
- But in the end its time for the American consumer to wake up to
the fact that you buy things only if you have the money. This seems
like such a simple suggestion but it is the heart of all this mess.
Another word for it is greed on both sides of the street, both Wall
Street and Main Street. Now its time for all of us to get back to what
we do best- be Americans and that means pulling together.
