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Interesting article. Greenspan may want to blame boomers for low interest rates, but this little girl isn't buying it. The low interest rates are just what the Fed (and the current wealth-redistribution administration) intended. They're good for borrowers, whether or not they're responsible credit users, and bad for savers and seniors. What better way to reduce and suppress the growth of seniors' savings (wealth).
And BTW, he's smoking the wacky weed if he thinks that boomers are living longer than their parents. Whether we have environmental hazards/contaminants or that contaminated childhood polio vaccine to blame, anyone who taps into the obits on a regular basis and sees dead boomers survived by one or both parents knows that's not happening.
Hummm, my Boomer dad died at 52. But by that time, I already had no living grandparents on either side of the family. My Boomer mom is still kicking at 67.
Service jobs never paid great salaries.
That's what's left here.
True.
But I mean to dispel the common myth that all or most welfare recipients are lazy bums who sit on their butt watching soap operas all day. MOST people who get welfare WORK.
Yes, y'all have created a big problem (and are continuing to do so). Then y'all have the nerve to criticize my generation's social skills and work ethic, which is ironic because y'all were the ones who raised us.
I don't buy it either as the main cause of the problems we see came from borrowing by those who could repay loans. Some even speculated that the worse could happen was refi later or sell at profit and government encourage that. Greenspan never saw a housing bubble even when some suggested one was forming . The crisis even effected those who could repay but loss their jobs sadly. look at actions and you will see they are meant to protect consumer by not allowing the same decision/mistake in future. Basically the think was that housing was the way to greatest gains in wealth sharing and policies reflected just that I easy credit. Historic home ownership is 65% and it got way beyond that into 70's.Downpayment and closing assistance is just part of the push to get people into housing wealth.
Yes, y'all have created a big problem (and are continuing to do so). Then y'all have the nerve to criticize my generation's social skills and work ethic, which is ironic because y'all were the ones who raised us.
FYI, my 32 and 37 are very financially successful and thank my wife and I for it. Just saying painting broad strokes is oh well! Perhaps the word is insightful into your own life. Not sure your parents would appreciate your comments. Not trying to be nasty but sometimes we need to think what we are saying about ourselves when we post. Just some Senior citizen parenting type of suggestion on my part. Feel free to reject it and I suspect you will but understand it was presented in good spirit.
Despite the rosy picture painted by the Obama administration and the mass media, the picture from my observations looks distinctly gray and gloomy
- businesses using accounting gimmicks to show profits or relying year after year on cost cutting measures to show profits;
- businesses when given the opportunity to invest and actually grow in return for little investments shying away from it
- invoices aging double and in some cases triple the pre-recession time
- horrendous real estate vacancy rates
- don't know one manager (midlevel and top level) over the age of 50 who has acquired a new position since 2007.
if everyone holds onto my pants leg, and that is the theory, that the light follows the boomers, then when elmer lets go everybody dies. i love listening to opra she is so full of beans.
she thinks everybody is guna have a big party when the goose that lays golden eggs is killed. she hasnt thought about breakfast yet has she?
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