Well as we plod along from 2008 into the New Year we are all wondering what next? Is the sky going to fall or are we going to jump out of this hole into 2009 with guns blazing and factories roaring. I didn’t mean for my analogy to be reference to war, but either way it works out. However, I hope we aren’t entertaining the idea of another war. Thought during times of economic crisis war tends to be the outcome.

Before we get to a new war, which is quite possible the bailouts continue. The commercial real estate sector is lobbying for TARP to be extended to include commercial loans. As with the original TARP they are screaming loudly that if nothing is done there will be grave consequences to our economy.

Sure, but once again when are we going to learn that it is okay for companies to go bankrupt. Someone will come along and pick up the pieces and we move forward. However, what is going to happen is that the taxpayer is going to continue funding numerous companies at above market prices with debt, not savings, but debt.

Folks debt spending isn’t the answer. We might as well put R.I.P. on the dollar right now. A bankrupt government would probably be better as we could start over, but wow would that be a mess. I think I’d want to hole up in a bunker or on the top of a mountain if that occurred. Not really sure what I would do.

For your reading pleasure here is a nice letter to Sec. State Paulson from the Real Estate Roundtable asking for his help.

Are you really suprised?

http://www.rer.org/atf/cf/%7B42ee8980-837f-4af0-a738-d43f0925666b%7D/11-26-08%20INDUSTRY%20LTR%20TO%20PAULSON.PDF