Mississippi Redneck

On my way to work in the mornings (yes, this redneck works), I generally listen to the Walton and Johnson Radio Show on WCPR.

It was funny that this morning they made the comment about America being for sale for pennies on the dollar because I have been thinking the same thing for months now. Economists constantly make the statements that we are heading towards a recession or how bad the real estate market is, etc. etc.

Our federal government is constantly screwing themselves because they think the average American is ignorant to the ways of economical movements. C’mon people! We know that you are scared of what is going to happen when you drop the rates by ½ or ¾ of a point every time you talk about the economy!

This, of course, is the problem! When you drop the rates over and over and talk about how bad the economy is, it creates panic in the eyes of the consumer. In this case, it really does not matter what the rates are, people start hoarding their money, remove it from the stock market, etc. Do we not remember what started the great depression? People can only take so much money out of their bank and savings accounts before this country goes to hell in a hand basket.

The biggest problem we have now that we did not have in October of 1929 is an overabundance of foreign investors. As Americans get scared and pull out, foreign individuals and foreign companies will start buying up stock in American corporations by the millions. So where does this leave us? Think about it - I urge your comments.

What do you think will happen if the bulk of American businesses are bought up by foreign companies?