November 4th, 2008 is now behind us.  The constant flood of campaign advertising, phone calls, campaign workers canvassing neighborhoods seeking out votes for their candidate, many thought it would never end.  Barack Obama, US President elect who will become our 44th. President, has many challenges ahead of him.
During the campaign there were many, many promises made, by both candidates, promises that many are wondering how they will be kept.  With a slumping economy and financial markets dwindling and eroding retirement and savings, many are concerned what can be done by a new President to get things back on track.
I hope that President elect Obama has the wisdom to see and fully understand the root of our economic woes.   The base of our problems still remain an almost dormant Real Estate market, and buyers still have major problems borrowing money.
 
Once the Real Estate market started to slow, so did the economy.  Almost all sectors of our economy are tied, in some form to the Real Estate industry.  It can be described as a train, Real Estate is the engine, and all other facets of business are behind it.  If the engine of the train slows, so do all the cars behind it.
 
How do we get this economy up and moving again?  First we must get the money issue solved in the banking world.  The White House issued a statement three weeks ago asking banks to do what they are suppose to do, lend money.  I wonder if that request ever made it to the banks, not that I have seen.  If buyers (the ones still with a need to buy) are looking to invest and make those large purchases can’t get the loan to do so, our engine is still stalled on the tracks.
 
If small businesses on Main Street can’t get loans to operate their daily obligations then their only choice is to close down.  This will add more to the rolls of unemployment, another drain on our economy.  Our auto industry is almost in the tank due to lack of sales, if customers had access to money, there would be more sales.  We have now bailed out Wall Street, I hope we see a plan to bail out Main Street, and soon.  The longer we wait, the more difficult it will be to meet this challenge.
 
I hope the Federal Reserve will step in and lay out guidelines for the banking world that will put responsible money in the hands of the buying public.  I think our newly elected President is going to have a tough job ahead of him.  We should all work together, to assist in anyway we can as Americans, just as this country did during WW2, when everyone was working for one common goal, win the war and restore peace.  Our goal today is to win the war on this sinking economy and make our country whole again. 

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