Housing Loans

The economic situation is a result of banks giving housing loans to people who definitely could not afford to pay them back. As the interest increase and the loans were not paid off, the people not only lost their owns but the banks didn't get their money back.

According to the Federal Debt Relief System Web site, "The country is drowning in debt, both at the government level and at the personal level. The economy needs an enormous amount of constant consumption of its goods and services to keep rolling along. "

Recession and talks of another depression intrance the radio waves of NPR this week supplying questions of why the problem failed to be curbed earlier and searching for answers as to what to do next continue. While John McCain fails to realize there is no point to his involvement, NPR seems to glad points out the politic ploy of his offer for assistance. McCain knows he has nothing to bring to the table. He knows that the only asset to his commentary is to sway voters. He's hoping voters will think something along the lines of, "McCain, single-handedly fixes the economy and saves the nation from systematic failure."

He talked about postponing campaigning to lend a hand and after three days of talking nonsense he did indeed show up.

To learn more go to http://www.politico.com/news/stories/0908/13970.html