Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Mama Bear who wrote (70)	5/25/2000 9:26:00 AM
From: BWAC	Read Replies (1) of 494

Hmmm. Quite possibly you are living in the wrong part of the country. Or maybe the best, depends upon your view. Around here the secretary makes 18k. School Teachers make 28k. The median household income is 30k. The average house costs 120k. Papa Johns delivers for 7.99, and the price of the car is irrelevant because these people only focus on what the monthly payment is. It seems that you may be taking the situation in ?Silicon Valley? and applying it to the rest of the country. Doesn't really work that way. That is kinda like saying that CSCO is overvalued by 30%, so the entire market is overvalued as well. Do you realize that 60% of the population files a 1040EZ tax form? They are scraping by each and every day. They can ill afford to pay another 10% of their income to the alter of high interest rates. These are the people who excessive interest rates will hurt. These are the people who will be put out of work as small businesses fall prey to 10% plus business loans. These are the people that your taxes will go to support. These are the people that will pull the Social Security system under.

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