The Economy:100 Degree Temperatures Followed By Severe Snow Storms

The economy sounds a lot like a Michigan weather forecast. Commodity prices recently reached all time highs. Crude oil at one time was over $140 barrel and gold hit the $1000 dollar mark this summer for the first time in over 20years. Some businesses closed or went bankrupt because of high energy and commodity costs. A new element that is starting to effect and pull the economy in a different direction is the housing crisis. The collapsing of the housing bubble is a very deflatonary force that is now working its way into the rest of the economy. After seeing a tremondous inflationary spike commodity prices now could go in the completely opposite direction. Deflation just like in the 1930's could hit the world economy. The American consumer is exhausted,a victim of job outsourcing,low wages and falling home prices. People just dont have money to buy anything. What the Federal Reserve and the Treasury Department are doing now is really trying to fight this coming deflation. It is the correct thing to do but will proably just buy time. The foundation of the American ecomomny must be rebuilt in order for the Federal Reserve and the Treasury Department to succeed. President MaCain is the best man to rebuild the economy. He is a leader and a problem solver. And has a more realistic plan than Obama Bin Laden