Financial Relief May Be on the Horizon

Today the news presents an article called "Gas and Food Cost Relief Coming?" This article is on Comcast news and written by Martin Crutsinger, AP Economics Writer. It is a great article after all he is a professional writer and it gives tons of information.

Such as, "Federal Reserve's lower interest rates appear to be over and this could present some benefits to us, the consumers. It also touches on the fact that they believe gas and food prices will top off shortly.

All of these buzz lines sound great to us, the poor people who don't understand finance in government. I for one cannot understand any of it, I can hardly balance my own checking account. Although a college graduate I do not excel in finance or mathematics and have little understanding of the whole issue of how the interest rates being lowered raises other costs. I do however, trust those who are in the business of finance and have control over our Countries financial problems.

Call me naïve but with little knowledge of this situation myself and having no opinion, I find that I must trust others in this situation. I am not simple minded however, and do not think in anyway that all the lip service about the finances of this country will bring the prices we see in the gas station or super market down. That being what most of the Countries hard working people and those on fixed incomes would like to see.

It is difficult since over the last decade most families have found it necessary for both husband and wife to work just to make ends meet. Now making ends meet doesn't mean that they can take vacations and travel the world once a year, it means that they can pay the electric bill and keep the stove and refrigerator running. Much less those families with children who need to have both parents working. The things that these parents miss out on in the life of their children is enormous. School outings, sick days, class plays, and just plain fun time with the little ones.

Will this stability of the dollar that they are speaking about make the price of gas lower from $3.65 to the $2.50 it use to be. Will it make the $3.50 gallon of milk go back down to $1.99. Absolutely not, even if the dollar stabilizes these prices will not go down they may stay as they are, but certainly will not go down. Going down is what most families and working stiffs need, a break on what is going out of their pockets today. That is unless every working person will obtain a raise that is substantial enough to cover the raise in prices. This is extremely unlikely don't you think.

I know that when I worked at the hospital they were forever freezing our wages. Or better yet giving us a 2% raise when the cost of living went up by 8%. There was never a chance to catch up, never a chance to get ahead. We had to struggle each month to live from pay day to pay day. For what; that lifelong dream of retirement. No, just to make it from month to month and provide for our family.

In this article they attempt to place blame on why the economy is so bad. I suppose they must make that attempt it is necessary or just learned behavior I am not so sure. Personally I don't want to know who to blame, I want to know how to pay the bills and feed my family. Perhaps that is what most people in this Country want, to make ends meet. Yes some may be interested in who is to blame for our Countries financial situation but, on the street most of us just want to pay our bills.

They dangle this carrot to us and in the last two paragraphs say that we may perhaps see relief in two or three months that of course depends on the Fed staying on the sidelines. So if this doesn't bring down our financial problems then there is always that fall back to blame the Fed. Always hang the carrot and then make sure you keep a plan on the sidelines of where to place blame if it doesn't work out.