FYI

Economics For The Uninformed

Despite what you see on television, or hear on the radio. These are some of the facts that are seldom, if ever mentioned.

Under the present administration. The deficit has been cut in half, to $8.6 trillion. Three years ahead of time. In spite of us only hearing. About record government spending.

The unemployment rate at 4.6%, is the lowest it's been since 2001. 6.6 million jobs have been created since 2003.

The stock market is performing at record levels. On September 19, the stock market closed over 12000. For the first time in history.

Gasoline prices have fallen .82 over the summer. How soon, people seem to forget. It wasn't very long ago. We were paying over $3 a gallon, for regular unleaded.

Two things I thought I'd mention in regards to the average citizen. It is said our elected officials are a representative, of the voters. Maybe that explains our dilemma.

The average household has a credit card debt of $9000. We have debt, but we have possessions. Like the American people, the American government has adapted the attitude. Get it now, pay for it later.

Its predicted that 26%, of all home loans closed this year. Will be interest only loans. A quarter of the mortgages extended. Will be for houses, the buyers can't even afford. We won't hold our politicians acountable. Citizens aren't good stewards themselves.