What Happened to the Old Home Remedy

What Happened to the Old Home Remedy
The only benefit most of us get from the trickle down economic stimulus plans of the current administration is a warm damp feeling on the back of our necks. What happened to the old fashioned stimulus packages that always worked? Are they too old fashioned and unsophisticated? My dad always said that it never helped him when the Rockefellers got extra money; because he wasn’t smart enough to get it from him. When The working men got money he was smart enough to get some of it.
The roads and bridges throughout our country are in horrible condition and overcrowded. Those projects put people to work and stimulate the local and national economies. Commercial REALTORS® know that progress follows roads. Progress puts more people to work. The construction workers spend money at Walmart and the local restaurants and watering holes. The engineers spend money at Target, Sachs and the cheaper restaurants. These people buy homes and make mortgage payments. Usually their payments are on time.
Making jobs raises wages and income. Bailing out the auto industry or financial institutions requires that they cut jobs and reduce wages and benefits. How does this help the economy? The effect of the current bailout plans is only a further stratification of our society. The effect of new roads, schools and jobs would be growth in the economy and in the lifestyle of the people.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com