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Each month AR runs numerous contests as a way for our members to engage in activities
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Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
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Your Homepage will alert you of new questions in your state
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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The more I read and see of Barack Obama, the more I'm convinced he's the right man...at the right time. The inauguration hoopla is over and the serious work has begun to get us out of the economic mess Obama inherited.
I was pleased to hear Mr. Obama caution against over-optimism in his inaugural address. No one should expect instant miracles. It took a long time to get into this economic crisis and it will take some time to get out of it.
One of Mr. Obama's top priorities will most certainly be deciding where to place $350-billion in TARP funds. More of the second $350-B will go in a different direction than the first. Here are key objectives.
* The number one objective is to get credit flowing again to consumers and businesses.
* Adopt "smart, aggressive policies" to reduce foreclosures.
* Toughen conditions for recipients of bailout money.
* Attract private capital and speed the end of bailouts.
It's important for everyone to know the White House is operating in uncharted territory. No one has ever had to deal with a situation like this before.... so, there are no guarantees the stimulus package will succeed as hoped.
President Obama has made wise choices in assembling a first rate team to guide him through these turbulent times. There is no doubt mistakes will be made along the way....but I see Mr. Obama as a careful pragmatist with political savvy and a willingness to take bold action without delay.
At the root of this recession is confidence. By this I mean confidence among the major financial players in each other, confidence by the public at large they will have a job to go to, confidence in industry.....and at the base of it all confidence in the housing market.
Everyone is waiting for the economy to bottom out. Trouble is no one really knows where the floor is or how long it will take to reach that point. The stimulus package is designed to inject life back into the economy and get things moving again, but that will most certainly take time.
The way I see it....there are too many arm chair quarter-backs when it comes to fixing the economy and getting the housing market back on track. Everyone has their own over-simplified solution for what ails the nation. It's quite amazing how someone can go from real estate agent ....to national economic strategist seemingly in an instant. Ask anyone on the street and they'll have a ready made answer.
We all have to believe in something.....
I would ask that President Obama and his team be given full support and plenty of slack to do what has to be done. I also ask that Obama and company be allowed the leeway to take calculated risks to restore a robust economy.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.