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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: gpowell who wrote (16819)2/6/2004 2:19:49 PM
From: Lizzie TudorRead Replies (3) of 306849
 
realize how tough things were between 1975 and 1985.

I remember the 82 recession and the beginning of reaganomics and you are right, things were tough. But it was a brief moment in time, nothing like this grinding 3 year period where jobs are getting sucked out of our economy with no end in sight.

The difference between 75-85 is that then, profits were also poor. Nothing like now, where US corporations are booming and profitability is at an all time high. Hard to justify the suffering of the working class, and federal deficits + misc red ink in these circumstances.

I see a lot of this "you say its bad, kid, well when I was a kid I had to walk xxx miles".... and I certainly hope this is not the strategy free trade proponents will be resting on to make their case going forward. To me it seems like people over 35 just don't care about much because they don't have to ..... yet.
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