Many of the top economists and even our new President tell us the economy is in a spin.
But few can give us any hope or answers on recovery.
So, what do we do now? Well, when you are in a spin in an aircraft you do not add power, unless you are in a very flat spin and your aircraft has unlimited thrust (power to weight ratios) and lots of altitude.
Today, in our economy we do have some altitude, but are running out.
In February of 2009 many states run out of unemployment insurance monies.
States and Cities are hurting with no sales, means little sales tax revenues.
Thus, the use-tax principles are not viable as a near term goal, but should eventually be considered, along with the need to simplify the tax codes and remove the professional parasites that impede free-markets and the right to free-contract.
Personally, I am looking at 2010 for this economic engine to be firing on all cylinders.
Indeed, I hope at that point we can accelerate slowly this time making sure everything is working before building and popping the next bubble; Next bubble you ask? Sure and it will most likely it will be the "alternative energy" and "green industry" as that sector collapse will be worse than the "dot com" bubble burst and nearly as bad as the real estate mess.
With little to show for it, just a lot of money thrown at nonsense, which is what is already happening.
Well, please think on this, because we will need everyone's hard work to get us out of this.