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Sure, the forecast by many was dire. That in 2008 the U S economy and the markets would face a big slowdown and possibly a recession and businesses would have to write-off a rather large sum. To ward off this potential mess especially in an election year the nation’s leaders have joined together and have taken joint measures such as drastic reductions in the interest rates, tax refunds and other similar measures.

The question I want to ask is are we fixing the root cause of the problems by these measures OR are we merely treating the symptoms? We only have to look at the anology of giving heavy pain killers to a patient with cancerous tumors and hoping that the pain will go away for good. All we accomplished is delayed the negative effects from surfacing for sure, but we would also have ensured an even worse or possibly deadly results from such a course of action.

Now I do not know all the facts regarding our economy to strongly suggest this is the case. But sure would like to avoid such a situation from developing in our economy, especially when this economy has to help many a Boomers retire in the next 15-20 years. And the last thing I’d want to see is a repeat of the Japan’s mistakes in the 90’s. However, this article compares and analyzes the two situations to some shocking similarities. I only hope that our national leaders move cautiously in choosing their course of actions. Every american citizen must demand our candidates as well as our current government to only do what is viable in the long-run.