The answer is simple…

The financial crisis, auto industry crisis, and budget crisis are products of businesses and government abandoning simple common sense principles.

In the financial industry too many companies abandoned sound lending principles and gave money to people that were either speculating in the real estate market or simply did not have the means to pay back loans.

The auto industry is paying people to sit around while they get paid 95% of their wage due to poorly negotiated union contracts. The wages are out of balance with the market system. The auto industry executives should be fired for allowing such ridiculous contracts. The big 3 make some great cars, they just cost too much to make.

The federal budget and state budgets are a mess because government is trying to do too much because the American people are asking or expecting it to do too much.

The answers; Lend money to all that have good credit and have shown a history of being able to make an income. Bring back the money down concept that has served us so well for so many years. If it makes sense to renegotiate mortgages then do so, if not, people can go rent an apartment until they can rebuild their finances to buy a home.

The auto industry should file chapter 11 and shed the union contracts that are a noose around the neck of productivity. Fire the top management and move out of Michigan. Michigan with its current Governor is hostile to the idea of free markets. I hear North Carolina and Tennessee are looking for some new car plants.

The American people need to stop asking the government to get involved in everything going on. Our politicians are incompetent misfits that have never managed anything in their lives. They are power hungry nit wits that don’t deserve a speck of respect based on their past performance, and they all need to be thrown out, forcefully if necessary.

Simple yes… Realistic?