The First Presidential Debate and the Economy
Posted on | September 27, 2008 | No Comments
After watching the debate last night I am hearing that there are a lot of people who came away with the same thoughts as I did. Neither one of the presidential candidates wanted to address the current economy situation, but really, who can blame them?
I’m in the mortgage business and I can tell you that we see changes almost everyday in regulations, programs or underwriting requirements so I’m sure there are changes everyday in the banking and investment world as well. With so many things moving at once it has to be a job to get your head around it all.
Both our candidates have been in positions to make laws, not study economies. In fact, most of congress is made up of attorney’s. There are very few businessmen and fewer, if any, economists. As someone close to me said last night, “I certainly hope they (the people in charge of making the decisions) know what they’re doing”. Let’s all hope so.
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