by Wes Abney
Business Manager

With the Federal Interest rate fighting against the U.S. dollar in a seesaw limbo game, our country’s economy is feeling the heightened pressure.

That is to say, the consumers are catching the heat to spend more money and take more cheap credit.

With the economy stalling and entering a recession, the Bush Administration is working to solve the problem before they leave office. The plan is simple: Take 150 billion dollars and break it down cent by cent to every taxpaying citizen as a special rebate.

Sweet bonus, right?

Just like every sweet political deal, there’s a nasty little twist to this “bonus” from Bush. If he had to write a check to make the deal, it would bounce quicker than a Texan done stepped on a rattler.

He ain’t got no money in the bank—and the money is getting tossed onto the already topped off credit line we’ve been running from since the industrial revolution.

In an effort to help rebound the housing market and the stability of the dollar, Bush is also making changes to the federal interest rate and the federal mortgage limits. Point by point, the federal rate has slipped as the economy has continued to stall. With our dollar continuing to devalue as the credit limits jump, a new problem is rising over the horizon.

A dollar isn’t a quite a dollar anymore.

To combat the slumped housing market, Bush is proposing an increase to the federal mortgage limits. The limit will rise from $417,000 to a minimum of $625,500 and possibly as high as $729,750. This means more people can get financed at lower rates for even larger amounts of money that they don’t have.

I will give the Administration credit for the attempt—it has worked in the past to stimulate the economy. The difference is, this round our dollar is a lot worse off when the amount of the rebate is credited against it. There has to be a solution to the drain on the country, but with a million-dollar-a-minute war and a strung out Administration, they just aren’t clear.

The American dream has fueled our country for a long time, but dreams won’t make massively credited mortgage payments. So what happens when the dollar goes? A great depression round two doesn’t sound good, but in a sweet pair of credited Nike’s catching dinner shouldn’t be too hard.