Action Taken, Now Where Is It Going?
Well thanks be to God, the Federal Reserve Board cut the interest rate 3/4 of a percent. The markets plummeted, but came back slowly over the day. Now the lead stories on all of the networks is the future of the nation’s economy.
Where is it going? I don’t have the answer to that, but I do think we need to take some aggressive actions. If I had a wish list, I wish we would:
- Stimulate the economy with rebates to tax payers that might result in money spent in the economy.
- Stimulate the economy by another 1/4 of a percent cut again next week when the Federal Reserve Board meets in its normal meetingStimulate the economy with some kind of immediate tax cut that will help matters now.
- Stimulate the economy by addressing the home building industry and home selling industry. Perhaps some kind of unusual motivation provided now to get people to purchase existing home or build new homes. Somehow, this real estate challenge must be addressed nationally.
- Stimulate with creativity. I am not an economist, but surely there have been conversations through the years among the leaders of our economy that went something like, “If it ever got really bad, we could get it back by doing this or this, even though it is radical!” I believe there is something that they know they can do.
- Stimulate with prayer and giving. Now that is creative. We pray and talk to God about matters and we also give to others. God blesses prayer and God blesses giving.
Let’s pray it is going God’s way!







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