Very interesting video by Robert Reich:
p.s. Yes Maxi, I did get this from Gladstone
All of that is ABSOLUTELY TRUE! The problem is that no one here in the States wants to hear it, esp. Obama, Congress, and, of course Big Brother, and Big Business! Banks don't want to lend, we are paying more for everything and getting less pay, the rich are taxed less comparatively, etc. It is a huge mess!
Funny, I was discussing this the other day with someone, and we both agreed how much inflation has increased compared to wages. You hear old timers from the Depression and WW II era saying " Work hard, then you can buy a home, car, etc". REALLY? Yes, you were making 2 grand a year, but new cars cost less than a grand. How does this compute today?
I have a list in front of me of costs in 1970:
New Home $23, 400.00
Average Income $9, 357.00 yr.
New Car $ 3, 979.00 :'(
Gas .36 Gallon!!!!!!!!!!!!!!!
etc. You get the idea.
What is the average income in the US now, 41 years later? About $36,000.00 year!
New Home, varies depending on the area and home size, but a quarter mil would be on the low side! If it is brand new, add another 150 thousand minimum, so $350,000.00!
New car, again depends on the make and model, but average is about $30,000.00!
Gas $ 3.70 gallon(at this writing).
So you see WHY no one can make it! I am no mathematician, but everything has gone up tenfold, but income has only quadrupled. THERE is the problem, folks!
I want to know WHO thinks they are going to solve this? companies are not going to pay more, and the cost for things is not going to go down....What a mess! AND THIS is SUPPOSED to be the big American DREAM! PULEEZE!
I am not saying all of this to bitch and complain. I am merely pointing out facts to those who may not be aware of how we are being sodomized by businesses, Congress, and our country...
Believe it or don't, check it out for yourself....
Is it any better in Europe?