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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (301807)10/22/2011 6:11:55 PM
From: John Vosilla  Read Replies (1) of 1573927
 
'But after 2000 something changed. The pace of productivity growth has been rising again, but now it seems to be lifting fewer boats. Even in a country that tolerates inequality, political consequences follow when the rising tide raises too few boats. The impact of stagnant wages has been dulled by rising house prices, but still most Americans are unhappy about the economy According to the latest Gallup survey, fewer than four out of ten think it is in 'excellent' or 'good' shape. The White House professes to be untroubled.'

Find a right winger who saw the house of cards casino economy as unsustainable five years ago and i got a bridge to sell you. Of course not including McMannis one of the few real educated refined southerners who spent most of his time on housing and credit bubble boards worrying about other things than the unbridled optimism at the end of six years of a total conservative free market unregulated credit juiced ownership society.

Then you got conservative Texans clueless that actually their state REGULATIONS on HELOC withdrawl plus among the highest millage rates on RE taxes in the country that saved their asses.. Of course who was president last time Texas had a real depression in the mid 80's? Thank the lord I am not an ideologue<g>

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