Trickle down (mortgages, sales, financial, contractors)

[Norm Barnes]

Had been reflecting on what all those jobs exported overseas does to our economy. I wonder how many other impacts that I will have missed in my reflections that follow. Worked in Mortgages for more than 40 years. Proud profession until "The (Financial) Event". Jobs are no doubt the most important need for creation to stimulate our economy. Housing sales would probably improve as a result. The wealth shared by the employed among probably others is: Contribution by taxes to health and welfare, Education, and other socialized improvements. The income netted from employment helps cause the "Boom" in the economy and in some cases builds 401K's for individual advancement and future retirement. The Housing increases create jobs for the contractors, home improvement professionals, tradesman and suppliers of home furniture and goods; and, even the often overlooked odd jobs for the semi-employed who earn their keep fixing small items, tidying up lawns or other general home improvement tasks. There is a great deal of positive talk about creating jobs but can the salaries and hourly wage offered attract the many out of work. It would seem that as housing prices and the costs of goods decrease wealth can be created at a lower income level. But does it? Anyway jobs exported overseas doesn't help! Ah -- if only Roosevelt could see us now. What else could trickle down by more jobs?

[broadbill]

I always think of think when I see "trickle down"

http://www.yourfunnystuff.com/wp-content/uploads/2010/03/Reaganomics.jpg (broken link)

[Norm Barnes]

Okay I bite - what does this mean?

[Norm Barnes]

Sorry got the link - hilarious. Thanks for the laugh!