The balancing act begins.

Well now that the Euro is doing great against the dollar that once again signals trouble for them since the real buying is still done here in the USA. With American consumers hurting the world is hurting. So the shift has to take place once again right before election to get us bovine Americans feeling like hope has arrived and this economy moving. Yes there is still a lot of wealth in America and that 40 million sliding down to the bottom, that 15%, well that is an acceptable margin in any accountants eye.

Matt Moore AP Business Writer reported "the Euro has risen 20 cents against the dollar in 5 months and 10 cents in just two months". He further stated and to paraphrase that may cause their central bank to raise interest rates to offset this surge. If you study economics you will see when we are down Europe is up and vice versa. It is a true balancing act. Everyone gets just enough not to tilt it all over. However, in this case they went just a little to far and the tilt is really larger then expected.

He reports that there is a boon for US exports but it sure smacks everything else from tourists to European goods for them. So really what does all this mean? Well in an effort to regain control of a terrible situation it means a shift by larger global companies doing business around the world to where it is cheapest to produce. In some cases that is right here in the USA. Good for us you say, perhaps but only in the short haul. Once it swings back so will the plunder of America.

Of course we could run out and buy that smaller fuel efficient car they are moving us all nicely into but who could buy a car these days unless you have? In fact that new little two seater costs close to $18,000. And they even have the gall to offer you auction pricing for your car while always upside down on value while they make a huge profit and yet people trade their cars every day rolling their debt into a new loan and the banks happily comply. Yes take the $12,000 you owed, buy the new car for $16,000 add the $8,000 you still owe becuase they only allowed you uction price for your car and now you owe $24,000 plus. Yes and they will give you the loan even though that car once driven one foot off the lot is worth, get this, AUCTION PRICING. The banks, what do they really care? It is a win or a write off. Your car dealer, well you know, he’s the good old guy always giving you their rock bottom deal and working hard to get you into a car, Moo. That is if you haven’t hit rock bottom already.

Yes and as I write our Continental leaders are meeting in New Orleans to discuss the North American Union. They are calling it "The North American Conference of Leaders". Lets just say some of cattle have become aware they want to open up new greener pastures for themselves. Let me ask you, do you hear this as part of our Presidential candidates commentary. Yes, you got it little to none. A few comments in passing. Any questions by the press? Rhetorically could it be another Bagdad Bob situation? Just what does it take? Oh and yes there are the very rich in Mexico, you just would not know it by their common man and even though many of our jobs have gone and are going there. Where is the outcry from our humaniterians about this?

So yes in my opinion The balancing act begins because an election is coming and hope must spring eternal. All I ask of you is have you ever tried spending hope? Yes, do you hope for lower fuel bills, taxes, insurance payments? Have you seen them? Enough said.

Robert T. Melaccio Sr. 2008 Copyright ©2008 Robert Melaccio