June 19, 2008
Check On The Economy
Fuel prices higher squeeze hit home personally siphoning many extra dollars out of the American consumer. At the same time, housing prices have declined so that 20% of homeowners are insolvent since their homes are worth less than their mortgages.
Because of failed Congressional policies these past 20 years, the deficit checks are coming home to roost via higher foreign currencies. That means prices in Wal-Mart will be rising.
Not only in Wal-Mart but inflationary pressures are building in the cost of raw material throughout the country. Inflation should be raising its head along with politician’s band aid pandering for votes urging wage increases and increased entitlements.
Only now, good paying jobs are hard to come by. Institutions are reluctant to extend credit which is a key ingredient for economic growth.
With housing pressures, health care increases, inflationary pressures and high fuel costs, the challenge and wakeup call is hitting home.
It’s time to rally for America and bring out her best. To conserve, strive for efficient energy inventions and solid family values. To humble themselves before God and walk in a way that brings honor to their steps.
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