Oil Prices. This is an easy one. I remember hearing during the Senate investigation on the Oil prices back in 2006 where an Oil Executive said that it wasn’t their fault that they made so much profit it was Congress’ fault because they passed a bill that said the oil company’s could only make a % profit per barrel of oil. I apologize but I can’t remember what that percentage is, but it really doesn’t matter. The point is, the more they pay for oil the more profit they will make. Because of this, there is no incentive to pay less for a barrel of oil instead the incentive is to pay as much as possible for that barrel of oil. The fix is simple, Congress change the bill so that it states that no matter what the cost per barrel of oil, they can only make so much profit per barrel. Say like, no more than $2.00 profit per barrel. If Congress or the President did this, I’ll bet you that within a year the price of oil would be back under $50 a barrel.

The housing market. The main reason for this problem is GREED by many of the lending instituitions. Having the Government take over the variable rate mortgages is not the answer, that would put too much burden on the taxpayers. The easy fix would be this: A presidential degree that all Mortgage companies would have to rewrite all high interest rate mortgages as well as all variable rate mortgages to Fixed rate mortgages with a rate no greater than 6%. This should resolve the housing market real quick.