It is important to analysis and learn from previous monetary policies in America. A significant rise in wages did not achieve the goal of reducing poverty. Therefore, raising the minimum wage in the remaining states would likely produce no significant reduction of poverty. Furthermore, increasing the minimum wage will shift the financial burden from business owner to customers through higher prices. Over 500 economists from institutions and universities across America signed a letter to President Obama in warning when they stated, “business owners...will need to cut costs, or pass the increase to their consumers in order to make ... ... middle of paper ... ...s. U.S. News & World Report, 11 Mar 2013.
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Naturally, consumers cannot be the soul blame for the crisis. Legislation and political pressure pushed Government Secured Entities (G.S.E) such as Fannie Mae and Freddie Mac to extend loans to people who otherwise wouldn’t qualify, thus extending the option of home-ownership to anyone. This combination, along with capitalism’s traditional “mega-downturn” every 25 years played into our arrival ... ... middle of paper ... ... the foreclosure crisis requires speedy liquidation of excess inventory, which will in turn eventually create demand for new building projects. Unique tax incentives, like the tier structure above will help generate a quicker turn-around of real estate markets. Quick turnaround and long term stabilization can be achieved, if the United States government regulates lenders to insure they are requiring customers to be qualified before offering loans.
HUD helps first time home buyers become contributors to the American economic stream. HUD requires buyers to attend financial classes, to understand and successfully save the correct down payment, and to also put in sweat equity into their pending new home. This three way approach to home buying is an established best practice for home buyers. Non HUD home buyers do not always know the important information needed in buying and owning a home. Capitalizing on HUDs approach and showing the home owner how to make the most of their investment is a great solution to red... ... middle of paper ... ... homes purchased that cannot be afforded, plummeting property values, a group of consumers not prepared for unexpected expenses and emergencies, poor refinance decisions and bank lending practices needing reform.
Hard determinists define human thoughts and actions as events. If human thoughts and actions are events, then they must be caused. If every human thought and action is caused, then humans do not have the ability to choose their own thoughts and actions because they are entirely dependent on prior causes. If this is the case, there can be no such thing as free will. Hard determinists further argue that if there is no such thing as free will, then there can be no such thing as moral responsibility, for if a man or woman cannot choose to do other than what they have done, there is no way any responsibility can fall on them for their thoughts or actions.
The finance company’s continues to reap the rewards and the hard working individuals suffers all for the mighty dollar. If the top mortgage companies are given stimulus p... ... middle of paper ... ...s their homes back. Create the fresh start process that will relinquish foreclosure for all. American will continue to profits, but not unless we are willing to bend the rules for the ones that proactive try to work with the system the right and fair way. We are the people for the people we are here to live in peace, harmony and comfort.
Until buyers start buying the houses at the correct value, the mark... ... middle of paper ... .... The cycle needs to stop now before Americans start losing hope in the real estate market for good. The foreclosure crisis will not end easily, and it is up to all Americans to do their part to prevent another crisis. The problem is linked to cultural values that equal success to possessions. We are not satisfied unless our homes and cars are better than those of our neighbors.