Big Think

tim hall on April 21, 2009, 10:23 PM

Our nation was bankrup long before those jugheads started playing with junk instruments. The middle class were living off credit untill credit ran dry. The jugheads had to invent junk in order to have a market and keep their jobs. The problem is that Reganomics does not work. It only works to hold down wages and replace purchasing power with credit. When credit runs out, use bad credit.

The simple solution is to pay high enough wages to the folks that make the product, so they can afford to purchase product. The Regonites thought it was magic. They seen all the nice things that the middle class owned and said hey! this works great. The trouble is, they did not own half of it. Well, the Reganites got rich. Now we can all sit back and watch the slow bleed. All that money now sitting on the sidelines waiting for the game to start. It will turn to junk and it serves them right.

I seen this coming in 1984. When they refused to raise the minimum wage to keep up with inflation. My skilled trades people kept getting harder to find. Who wants to spend seven years learning a trade and not pay enough to have a few extras in life without being in debt up to your arsh? I went into custom home building but got out when BushII was elected. I knew it had to crash. I got out early because I could not afford to get caught setting on a monster house. I moved into the securities market, then dumped everything in July of 07. I dumped early again. That is the thing when your playing cards with half the deck missing. You better get out early, because you know the dealer is going to run out of cards. The Reganites need to put their so called hard earned money into producing something soon or lose all of their family wealth. If they don’t get back in this summer, we are looking at a possible 12 year uphill climb.

tim hall on April 21, 2009, 10:34 PM