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Old 10-02-2008, 03:38 AM
L.P. Farnsworth L.P. Farnsworth is offline
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Default Re: Main Street America angry over credit crisis

Quote:
Originally Posted by saltwn View Post
What is the person making 40 to 50 K a year to do?
they flee the East and West coasts in droves, and move to more affordable parts of the country.

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If they don't own a home and want to buy one, I mean. Some kids are lucky to make 30 (and by kids I mean late 20 to early thirty year olds). Some older people don't ever make that much money. In fact many don't. We can't all be doctors and lawyers or even MBA's. Some have to build the roads and work in the schools and be clerks. With the mortgages set at 150 to 200 for a decent home, the rent also is not cheap. So how in the heck is a person making that supposed to get by?
Most don't; they just eventually go bankrupt. I read somewhere the average age of defaulters is around 35 or so. Many also move into houses after Grandma dies, or find one of the many 'rent to own' deals you see in older neighborhoods, or buy trailers, whatever. I also see stats about some 20% of young children being taken care of by grandparents, probably because being on Social Security gives them a stable income and usually they've paid their houses off, two things a lot of people don't have and haven't had for a long time. Others just have well off parents and relatives they can get help from.

For low income black and hispanic males, the 'welfare system' in place for them is county jails, prison, shelters, and gangs. Illegal immigration, and a lot of legal immigration as well, pretty much destroyed a lot of minority businesses and contractors. Democrats really hate it when this latter is pointed out, since it was their cognitive dissonance of aiding labor racketeering under the rubrick of 'fighting racism' that has been Reason #1 that minority citizens have been shut out form the traditional ways blue collar workers rise to the lower rungs of the middle class and send their children on to college or set them up in businesses of their own. But, it's 'all raycist N stuff' to oppose illegal immigration and labor racketeering ... Democrats and the Chamber Of Commerce have always been on the same page when it comes to labor racketeering.

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The reason I ask is I've been thinking about this for some time. The county I live in and the one across the river in Oregon, has some pretty low wages. I've seen places like this all over the country while traveling with my trucker hubby. Regular people just can't afford to buy a house. Not all people, but enough that it makes me stop and think. Now if young people don't have anything invested, that they are proud to work for and that shows they are winning the game to provide for their families, it's no wonder so many are on dope and the rest act like they just don't give a darn!
I'll tell you another thing. Socialism in a few more years will look real good to those youngsters.
Socialism is certainly working well for the corporations and middle class; they get bailed out regularly; it's the people who really need the help that never get it. They don't tend to vote.

Last edited by L.P. Farnsworth; 10-02-2008 at 03:45 AM..
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