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American’s Want to Spend
Not so long ago Congress passed a one billion-dollar CAR Allowance Rebate System (CARS) program as part of a stimulus package to help kick start the economy. I will not dwell on how the economy came to this point, nor the stimulus package itself. However, the proof that American’s are just begging to spend is in the success of the CARS program.
Collapse of an Economic Rebound Before it Even StartsThere are some small indications that the economy is turning around. Housing permits are increasing, car sales are going up. Good news; however, if the economy is turning around it might be short lived if investors believe that Oil speculation is the place to put their money.