The LMC Group Blog

I cannot understand why we as a society cannot recognize that America is a builder and that almost every facet of our economy is based on construction and production. If America does not build or manufacture tools to build and produce, we are cooked. Think about it….. It is as simple as this: If we do not build the grocery store, the house, the office building, the hotels, etc. here is the trickle down effects: the builder of the store, house, office, etc is gone, If the builder is gone, the company that makes the nails, cement, fridgeration system, Flooring products, glass company, lumber yard, shingle maker, HVAC (heating and air), down to the company that cleans the site (the cleaning lady) etc are all gone. The people that employed those workers are gone, the people and companies that feed those workers lunch are gone, the people that clothe those people are gone, the farmers that grew the food to feed and clothe are gone……. finally, there are no companies hiring workers and it is a trickle down effect all the way down until no one has a job or any money. I agreed with the government in that they had to stop a run on the banks and quiet panic, but now it is time to kill those banks and replace them with others, too big to fail is not it, the banks are stiffling the economy and making ridiculous decisions to pad their balance sheets instead of the economy. We truly need to break them up like the baby bells. The private sector will come to the rescue, private enterprise will prevail. The private sector wants to come out of the closet, but not while the banks are still killing the economy, in charge, and making the rules. The banks are killing the very same people that gave them their tax dollars to stay alive, they are the enemy and looking after themselves. The banking mentality is the same, fee to death the consumer and hoard the cash……. The very same bankers that gambled away the economy are now in charge of fixing the banking industry? That is unacceptable. The way to fix the economy is by propping up the housing and construction market, not the banks. We saw a small comeback in the economy for jobs and spending because of the housing credit, however, it refused to be universal and only applied to a lower price point and people that still had salaried jobs. It did not address the avenue for prices above $250k and commerical properties therefore creating collapsed market for anything over $250k. The folks that owned these homes, shopping centers, office buildings over this price level have been wiped out by the bank credit freeze and A&D halts, creating foreclosures and these are the people giving jobs to the $250k house buyers which will in turn no longer have a job to pay their mortgages. It is an endless cycle. We need an across the board tax incentive for the real estate industry to clean up the mess we have, allow the private sector to come in and kick the banks in the teeth if they don’t compete for business, Break these big banks down to a community level again and start over. Everyone else in business today is starting over, the world is no longer the same. And the banks are not releasing their stranglehold on the credit crunch. Get America building again and we are off to the races, but right now we are at rock bottom with the only jobs being created and paid by the government on future generation’s debts. Thanks for listening…….. Pass along to your comrads and any other person that may find this interesting.