If one were to look at Wall Street, you’d think the the economic boom of 90s was underway. The Dow is above 10,000, the NASDAQ is above 2,000, and the S&P 500 is above 1,000. All great news, if you are part of the investor class. But what if you aren’t? For everyone else, unemployment is at 10.2% and rising, gas is nearing $3/gallon, home values have plummeted to the point where many homeowners are underwater, healthcare costs are skyrocketing, and the costs for basic necessities keeps going up. Wall Street may be doing well, but for everyone else, the ship is sinking. Put another way, the majority of America is hurting.
Interestingly enough, Wall Street and Main Street have a symbiotic relationship. In other words, they depend on each other. The problem is that Wall Street doesn’t think so. Wall Street is up to the same old tricks of the past that created the “Great Recession” in the first place. To make matters worse, President Obama and the Democrats aren’t doing anything to curtail Wall Street. To a certain degree, it makes one wonder if the President has abandoned the very people who supported him, both financially and in the election itself. No matter what however, if Main Street fails, Wall Street will fail right along with it.
We’re on the brink. The economic recovery is likely to be a jobless one. If that occurs, America will be bankrupt. You can’t have rabid unemployment and expect a robust economy and a strong country. This must stop. America has to go back to building things again. We need to innovate again. We need our pride back (i.e. “Made in the U.S.A.”). And, we need to stop shipping jobs to other countries just so Wall Street can make a quick buck. We also need to put a stop to derivatives trading, micro-trading, margin trading, and bailouts.
It’s time for Main Street to issue a resounding correction to restore the balance. Main Street has the power, but it must be claimed. We have to band together and demand change. It is obvious that President Obama and the Democrats aren’t going to do it. So, let’s force ‘em. Let’s tell them that we’ve had enough. If we need to bring things to a halt in order to restore what is rightfully ours, let’s do it. We are a great country on the brink of ruin. We can’t let that stand. Let’s pull ourselves up off the mat and show our leaders and the world what we’re made of. I know we have what it takes because we have done it before. It’s our choice. It’s your choice. What will it be?