But this whole recession is about redistributing wealth...primarily land, but other appreciable assets as well. People will always need houses to live in; it's just that they're passing ownership from the poor and middle class to the rich right now. When that part of this recession is through, jobs will come back so people can rent those houses from the rich...or buy them back at higher prices than the fire-sale repo prices they're going for now.
Of course, the young lady is just part of the new wave...the jobs will be there, doing the same work, but paying less. UAW new hires are coming in the door at half what their lmore senior counterparts started at...and the trend will continue, either via more work for the same pay, or the same duties for less pay. Prices for goods like groceries and clothing won't go down, and neither will health insurance. But the rich will profit handsomely from this recession, and there won't be a damn thing the average person can do but sit back and take it. You either agree to take a pay cut, or you won't get a paycheck at all. Rising health insurance costs will continue to cause more employers to drop it as an employee benefit, just when the Congress has spiked the idea of a government plan [not that this was such a good idea anyway].
And for almost a year,we've been hearing how all these government bailouts were gonna fuel runaway inflation. After the BILLIONS that went out, where's that inflation? It's not happening, because the money went to people who can afford to hold it, rather than spend it. And what little they're spending, it's on such things as repossessed homes, for pennies on the dollar. People have to live somewhere, and these folks know that with a growing US population, these homes will be worth a lot more than they paid for them, sooner rather than later.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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