Wealth.  Americans, middle Americans have had it...controled so they were and are unable to expand it by the same banks and housing inflated market that has now failed.  You, as a middle American have a job, own a home or at least you are leasing to buy a home threw a bank, that is what home ownership is and paying what seems to be a resonable interest rate on inflate value.

 

This is what has been and is being used by both the government and the owners of banks to make sure you as a middle American stay in debt and make them rich. Low interest but a high price translates into you having to pay for a house of $200,000 at a real rate of $600,000 because of the massive interest payments you make.  A $210,000 homes monthly payment is about $1,100 to interest and a $150  the principal amount each month.  This is the way you have been controled so you will never have or be able to make real wealth even though you may earn one million or more during you working life. 

 

This interest is a funnel that pours your money into the pockets of banks and those who own them. Our government, the leaders of both parties have stated that they feel the way to stop the economic problem is to print billions and give it to banks, insurance companies and failing business. 

 

I suggest a better way is to cut every interest cost on home loans, car loans, credit cards and business loans by one half.  (from six to theree percent).  This action would give the people who are working $400 to over a thousand a month from the payments that are making.  A hundred million families with $400 more each month is $400,000,000 a month that Americans will have to invest and purchase with. 

 

From a Middle American, not an Average American but  an American who knows there are better ways to get America going again then putting us in debt.

 

CASEY