Hillary speaks on middle class squeeze (Al Gore, vote, wages, campaign)

[faith10]

When you have a middle class squeeze you definitely have a poor class squeeze. This all has been going on for many years, getting worse. Hillary is blaming the squeeze on current administration. The increasing poverty in CA all started with illegal migration (huge numbers of people) which raised the cost of housing dramatically in L.A. by '85, then spread across America. Remember, Hillary wrote an amendment for the last failed amnesty bill that would have allowed 'unlimited' relatives of illegals who got ZVisa status. Big Business would profit from this, but us citizens would further be ruined! If president, Hillary would continue increasing our population with foreigners (instead of deporting them for our relief) which would cause further poverty for most citizens, and further depress our already depressed wages! We will end up just like Mexico, and we are already called Mexifornia for good reason. Increased population causes rise in costs, decreased population causes lower costs and higher wages!

[GregW]

Supply more labor and the price of labor go down. Build fewer housing and the price goes up. This is great if you own housing and do not do the same work as the immigrants. Guess who is running the show?

BTW – Ms Clinton is part of the problem and not part of the solution. She and the DNC are counting on the future legalization of the immigrants to create a majority for the Dems. I do not think most of the immigrants will vote Democratic because their culture will vote against their economic self-interest and for Republicans that will pander to their religion and peasant conservatism. Best we send them home and let them reform their own country.

[faith10]

Yes more houses and price goes down, and yet now it's not that way....across America many houses are being built and the price is going UP not down. In Ca. the illegal population caused existing and new housing including rentals to go up dramactically since '85. Also, with all the labor supplied by illegals the price goes down for the Big business owner, but the lower worker income wages have gone way down for the workers due to illegal competition.

It's a well known fact in Ca and other border states that the immigrants/illegals have always voted democractic for all the free services promised to them. Even the Catholic church is for the illegals and so against it's citizens economic interests. The illegals and many amnesty immigrants have no idea they caused our wages to be depressed and our housing prices to skyrocket. Hillary's campaign chairman is former La Raza president. If the illegals are sent back home then our wages will rise up and our housing and other costs will go down. With many millions of illegals not here any more there will be much less need for services and products.

[NewToCA]

I disagree with the base statement for this thread, that illegal immigration was the cause of the housing issue. While I agree that it may have been one of the secondary contributors, the significant decline in interest rates in the mid-1980's, along with the economic expansion taking place after inflation had significantly decreased, was really the fulcrum for housing construction growth. Other issues, such as the population growth contributed to "fuel the fire", but the substantial decline in interest rates, and folks taking advantage of the low rates due to fears they would escalate again, really was the trigger mechanism.

[GregW]

Low interest rate does the same thing to an economy as crack to an addict. They create a delirious rush followed by a crash that leads to the demand that the low rates be reinstituted. Just like the crack addict, if this keeps going the addict dies and so does the economy as all the savings are destroyed by inflation. Better those savings accounts retain their value and houses are bought for living not making a fortune on speculation

[danco]

I disagree with the base statement for this thread, that illegal immigration was the cause of the housing issue. While I agree that it may have been one of the secondary contributors, the significant decline in interest rates in the mid-1980's, along with the economic expansion taking place after inflation had significantly decreased, was really the fulcrum for housing construction growth. Other issues, such as the population growth contributed to "fuel the fire", but the substantial decline in interest rates, and folks taking advantage of the low rates due to fears they would escalate again, really was the trigger mechanism

AGREED
If memory serves me right ( it seldom does ) the start of the housing
lift off also came on the heels of the stock sell off. Money at rest....

[Magnulus]

I don't think illegal immigration is the root cause, though it is definitely fuel for the fire. I'd put the blame at laissez-faire capitalism and infatuation with markets. Ronald Reagan started it all but Bill Clinton had a hand in it too.

This country has a pro-growth/pro-money economic policy. That's not so bad but we are entering an era where we have tough choices to make, and economics will have dubious merits in helping us make those choices. It's like in Al Gore's An Inconvenient Truth where he's looking at an anti-environmental propoganda poster of "gold bars vs. the Earth". It's a false choice. Some things you should just do them because they are the moral or ethical choices, not because they are good for business.