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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (7655)	1/14/2008 9:33:21 AM
From: RonMerks	Read Replies (1) \| Respond to of 50653

Re- to access your ATM: Press 1 for Arabic Press 2 for Chinese Press 3 for Spanish Press 4 for English Isn't that the truth. Slider good point about foreign ownership of our largest bank and broker- it is not the same as the Japanese buying up Rockefeller Center, or the Pebble Beach golf course. In the 1950's and 1960's the hidden tax of inflation saw America's social fabric and family changed forever by the necessity of two income families. Today, even two incomes will not make it. The last two decades saw the hidden tax of inflation suck Americans into unprecedented levels of debt. 30 year mortgages instead of 10, or 15. 5 and 6 year car loans. It used to be that by your 40's, or certainly your 50's your home would be paid off. Now people are refinancing their home every 2-3 years just to survive. Americans have a negative savings rate and debt levels are insane. What scares me is that if we see another leg up in oil and energy prices- that the poor- will see gasoline and transportation become unaffordable. Unless they have access to public transportation- they will not be able to afford to drive to work at WalMart wages. Unemployment is vastly understated and if we have a deep recession, I think we're going to see crime and unrest rise in the inner-cities unlike anything since the 1960's. The race card is already being played in the Presidential race. The illiteracy rates, poor graduation rates, unwed mother birth rates, felony and criminal background stats are going to disengage an entire demographic from the US economic system. Other than public assistance- there will be 30-50 million young blacks in the coming generation who are virtually unemployable. And it's not like they are competing with Mexican immigrants for manual labor, or even manufacturing jobs. They aren't even applying. I know race is a political incorrect subject, but the statistics are painting a nightmare of an economic future for young blacks. Set aside the 'why' debate- and just focus on the numbers of youth in prision, with criminal records, uneducated, dropped out, unwed mothers and we have a huge demographic, social, and economic tsunami building as the poor in America are about to be wiped out by the inflation of basic costs of living- gasoline for their cars and heating for their homes. I almost think all the Neo-Cons and the political, intellectual and economic elite- know it. They know America is doomed. Our education system is broken beyond repair and our system is a joke compared to Eastern Europe, or China and India. America's future is already written and it is very bleak. I really think with the rotting infrastructure of major US industrial cities, with collapsing job markets, with States virtually bankrupt and social services already stretched beyond functionality- that we are heading for a very ugly period in this countries history. Ron