Christian Freeman

Great Missive. Very similar opinions to my own, but so much better written. http://www.cfescrow.com

I usually really enjoy your articles and for the most part find you to be accurate and astute in your writing. I do know that you have favored better government intervention in the past, but this time I had to chime in about it. I believe that the economy will only begin to rebound when confidence is restored. That is the key and yet confidence cannot be bought by Uncle Sam. That is what the stock market knows and is telling us and the so-called experts are reading it wrong. America's economy is dying. We will either end in a heap of ash or we will become the Phoenix. Either way though, we must turn to ash. In other words we must let the banks and car companies fail. New ones will take their place. We must let homes get foreclosed, in time they will be bought again. We are essentially borrowing from Peter (the government) to pay Paul and that doesn't work. That is what individuals have been doing all along. Borrowing from the equity in their homes to pay credit card bills. I think we all intrinsically know that we must experience pain before we recover and mommy (Uncle Sam) can't save us this time. She is only making it worse.