Posted on 01/02/2006 4:19:44 AM PST by ventana
How many of those houses were paid off by union workers and non-union workers? Blue-collar workers, that so many seem to despise on this forum, have the same goals and desires as white collar workers. The want to be able to raise a family and enjoy life. Yet, when a blue-collar guy gets a raise its a bad thing. If a CEO or upper management guy gets millions that's justified.
There is a clear bias against blue collar workers; they are labeled as beer swilling barbarians who don't know their ass from their elbow.
While anyone who went to college and can claim to be white collar is held up in high regard.
Home ownership, which is at an all time high, is good if the houses are paid off. At the same time we know that American's savings rate is about 1% and they are mortgaged to the hilt much like the feds. It can't be sustained over the long run especially if there is some world-wide event like a major war.
If that happens and our economy recedes, home ownership will become the purview of the banks or rather Fannie Mae and Mac. Who will prop them up if the housing bubble bursts?
The middle class will disappear and those homes that aren't paid off will become property of the government.
What state do you live in? Every state I have ever lived in had community colleges. These are basically very low cost. In many cases they are free.
I know of no one who looks down on somebody because of the work they choose, but at the same time you just can't be surprised that doctors make more than teachers or mechanics (unless you are an Internists vs a F1 team mechanic). If you want to become well off you need a plan. The richest people I know in the field of technology did not complete college (Gates and Elison). Not everyone desires wealth or needs it to be happy. And people are not always happy when the have money.
LOL! thank GOD you had the patience to deal with that rambling of hyperbole....lol--
You aren't supposed to feel sorry for him, despite the article's spin.
I merely address WHY he and others like him are facing what they are facing.
oh- and I was not asking to challenge you-- I actually directed my question to you because you seemed to know what you were talking about-- I am asking in sincereity - not to debate it-- honestly to understand it...
As to the rest of your tinfoil, crazy spew...where did all of THAT come from? I haven't posted a single thing, in seven plus years here ( go look up all of my post! ), where I said that blue collar workers are garbage. "Bias"? Go look in the mirror, if you want to see someone who is choking on biased problems!
No college degree? Hell...go to N.Y.C., join the union, and you too can make $60,000+ a year, with a whole lot of benefits, and be able to retire at close to full pay, for doing an unskilled job in the subway.
Americans haven't been savers for the past 50+ years. I don't know why ( I am a saver; always have been ) and it isn't because they are living from hand to mouth. Saving is a mindset, which went out of fashion long ago.
Is there a full moon out tonight?
Household net worth is at an all time high, $51 trillion. Average home equity is 57.1%
Federal Reserve, page 110 of 124
The middle class will disappear and those homes that aren't paid off will become property of the government.
Under what fevered scenario do these homes become property of the government?
I don't think so, but a lot of these post surely gives one pause.
ROFLLLL!!!!
whew! I thought I was the only one feeling that way- lol!
I was bored and thought I was coming onto a boring economics thread- lol-- wow! what a surprise...
The tinfoil wearing doom&gloomers/THE SKY IS FALLING are out in force tonight. All emotion and no facts, appears to be their MO.
The BoR and the Constitution do NOT guarantee every one a job, nor home ownership, or the "RIGHT" to dictate what a business /corporation may and may not do. Neither do any of these documents ( not even any amendment! ) list corporations with workers in other countries as traitors. There aren't any laws against your caviling either.
Frankly, in my eyes, you're posting emotional, tinfoil gibberish, which is bordering on the insane.
This article is posted several other places online and the byline is Kathy Barks Hoffman, AP writer.
Hang on tight...we're in for a bumpy ride down the rabbit hole. LOL
The focus on quarterly results comes hand in glove with the liquidity that provides the jobs we have. Without this liquidity the economy would be far worse.
Sorry to hear that unskilled high school grads are losing their 100K per year jobs and have to sell their boats and second homes on the lake.
Meanwhile, the doorknobs fell off the last car they made for me, after all of about six weeks. And their buddies at Ford are building diesel F-150's that start to fail on the way home from the dealership.
Yeah, its a tough life out there for the ol' middle class.
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