With the recent bad unemployment statistics one would think the economy would still considered to be as headed in a tail spin. But wait here come the same people that created this route to disaster, back at their old tricks again. No matter how bad the news financial institutions or large businesses report, there seems to be a way for the stock market to show signs of recovery.

The mortgage meltdown has been blamed for most of the negativity in our economic news. When people started to refinance to get cash out to prop up an unsound economy it was seen as a tool of good. Business was flourishing and the stock market was constantly reaching new highs. Political candidates were receiving record setting donations. In fact the economic upturn was so great it afforded people with no jobs or minimal income to gain mortgages. Housing prices and assessments was on the rise quarterly and in some locals monthly.

Well I’m sad to say I see signs of us heading down that same path again. Rates are so low that it has to be very enticing to all with a mortgage to try and refinance. All kinds of incentives are being created to lure people into assuming more debt. It doesn’t matter how badly the employment statistic or company current report and projection the market is finding a way to level out or make minimal gains. The government is engaged in corporate bailouts and consumer mischief.

This is a sure recipe for future economic disaster and here’s why. Refinancing will increase that debt to most homeowners. With the extra incentive to acquire new mortgages and vehicles is has to only increase most household debt, at a time when employment for anyone is an uncertainty. Just like before sooner or later the bill comes due. If over use of credit has gotten us into this mess why is this new administration pressing everyone to travel down that same road of failure.