For those of you that have been following the Government and Barack Obama as new President. There are a lot of changes coming our way to help and boost the economy. I feel Barack has some great strategies in place to help boost our economy and we can only hope they work. Barack Obama mentioned in several speeches that he is going to support the small business owners; he wants more citizens to become educated and wants to encourage first time home owners to buy as well as help the responsible home owners who are near foreclosure.
So I sit here as a responsible citizen and wondering how can I benefit from what the President will be doing to boost the economy. My first thought is education and I agree with what the President stated “when you drop out of school, you are not letting yourself down; you are letting your country down.” This is true because what are we going to be able to do for our country as we grow if we do not continue to educate ourselves and grow with the rest of the world. Today China and India lead the polls with educated youth. The youth over there is amazingly intelligent and puts the U.S to shame. Today 25% of the population in China with the highest IQ’s is greater than the total population in North America. The top 28% in India have more honor students than we have. And they say China will be the number one English speaking country in the World. This is why we must continue to educate ourselves and encourage our children and loved ones to continue their education.
My second thought was purchasing a home. I am 32 years old now and I have yet to purchase my first home. Yes, I have had people preaching to me for the last 7 years to buy. Buy, buy, buy, but I never felt stable enough to do so. Then when the real estate got out of hand I couldn’t buy. However now I am thinking about it. There are tons of foreclosed homes on the market and I could by a home for 80k-100k. In Orlando, Fl this is really cheap. The other great thing that makes buying more attractive now is the President is encouraging first time buyers by giving them $8000 to use towards whatever they would like (down payment, closing cost, etc). It is still scary out there, but I have to buy something eventually so I might as well do it while there are perks behind it.
I am sure there are others who have different things or ways to benefit from the changes going on. I know there are families that are responsible and have been trying to continue their mortgage, but are on the verge of foreclosure. I truly hope what Barack Obama is doing is really going to help us get back on our feet. We are a strong country and need to rise above.