The Economy Sucks!!!

[xrayzebra]

nbadan hates and distrusts the government, BUT he thinks it should be responsible for everything... doesn't make sense.

Do you have to make sense to post on here?

[xrayzebra]

This may seem like a petty debate, but it goes back to the grand theory that a rising economic tide raises all boats equally, well, that may be true, but the Republican favored trickle-down economics that favor the rich has proven to be the of tax-cuts that mainly benefit the middle and lower class as far as stimulating economic activity goes. Companies hire and private economic activity increases when there is an increased demand for goods and services (i.e. when as many people as possible have bread in their pockets).

What the rich have done is taken their Bush tax-cut money and invested it in venture real-estate deals, riden the increased appreciation of homes in attractive areas like SA while paying only intrest on the home loan for 2 to 5 years and then cashing out on the increased value of the home. Good for them, but bad for longtime area residents. Here's why - Expecting home prices to increase year in and year out becames a self full-filling cycle until you get what you had on both coasts where you reach a point that homes eventually become so expensive that a dwindling home buyers can or are willing to pay the asking price and many who do buy, are forced to use creative financing methods like ARMs and interest-only loans to afford the payments. Families become priced out of cities and are forced to move further and further into the burbs, like what is happening in Austin today.

Dan get over it. Life is not fair. Never was, never will be and government
cannot level the playing field. Whatever "leveling" is suppose to mean.
More re-distribution of wealth. Remember that plan?

[Guru of Nothing]

Dan get over it. Life is not fair. Never was, never will be and government
cannot level the playing field. Whatever "leveling" is suppose to mean.
More re-distribution of wealth. Remember that plan?

I'll see your two fish and raise you five loaves of bread.

[RuffnReadyOzStyle]

Do you have to make sense to post on here?

That's a bit rich coming from you, Ray.