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Response to PSPS (Reply #2)

Mon Jul 1, 2019, 10:44 AM

5. The meme and the reality don't mesh.

When the younger generations are able to make enough money to buy their own homes, there might be reasons for discussions. Instead, we have the wealthy (including the wealthy from foreign countries) buying up properties and renting them out at prices equal to or higher than mortgage payments. Folks can't gain the most elementary kind of wealth. It goes to those who own properties.

My kids have been saying this for years: Theirs is the first generation since WWII in which their standard of living will NOT be as good as my generation. They struggle to save money. Their reserves are paper-thin.

Fundamentally, the US economy is built on a house of cards and could collapse at the drop of a hat. The economic engine is debt. The manufacturing sector has been declining and sluggish for decades.

A "strong American economy" is a belief, not based on the reality of living below the upper class. The GOP depends on selling the belief, not upon the delivery of a rising standard of living for the bottom 90%. The rising subsistence class can be dressing in Chinese-made rags and eating irradiated Roundup food, but if they BELIEVE that the American economy is strong, who's to know the difference?

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Replies to this discussion thread
Arrow 29 replies Author Time Post
DonViejo Jul 2019 OP
exboyfil Jul 2019 #1
OliverQ Jul 2019 #11
exboyfil Jul 2019 #14
PSPS Jul 2019 #2
LineLineReply The meme and the reality don't mesh.
Eyeball_Kid Jul 2019 #5
ananda Jul 2019 #7
cstanleytech Jul 2019 #8
OliverQ Jul 2019 #12
fleur-de-lisa Jul 2019 #10
Takket Jul 2019 #17
docgee Jul 2019 #22
ck4829 Jul 2019 #25
titaniumsalute Jul 2019 #3
Eyeball_Kid Jul 2019 #6
ffr Jul 2019 #4
paulkienitz Jul 2019 #9
not fooled Jul 2019 #13
Javaman Jul 2019 #15
TeamPooka Jul 2019 #16
Takket Jul 2019 #18
They_Live Jul 2019 #19
UpInArms Jul 2019 #20
duforsure Jul 2019 #21
bucolic_frolic Jul 2019 #23
ck4829 Jul 2019 #24
dawg day Jul 2019 #26
klook Jul 2019 #27
BumRushDaShow Jul 2019 #29
riversedge Jul 2019 #28
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