475 TIMES as much! Corporate Greed

[midcan5]

I've always marveled at how righties defend and praise greed and corruption. It used to be considered a cardinal sin, now in the republican world it is considered the greatest good. We ate last night overlooking the bay in one of the richest shore areas in New Jersey and I have to say I marvel at the wealth. Not because of any sense of jealousy, as we have done very well, but because of the large discrepancies in our nation today. Third world nations are defined in part by the separation of rich to the rest, we are almost there.


Corporate Greed Condemns America

"In the 1950’s the American Dream became a reality. This was a time when a working man could support a family, own a house and maybe a new car, and send his kids to college. This was the dream of American GI’s, the people who risked their lives in World War II and saved the world for Democracy. It was what they thought about when they were spending those long, terrifying nights in muddy foxholes.

This was a time of economic balance in the country. Worker’s salaries were miniscule compared with today’s compensation packages, but a salary of less than $100 a week was enough for a person to buy a home and take care of his family. The house was probably a tract home, with four bedrooms, two baths, a yard and attached garage – nothing fancy, but a place the family could call home. It probably cost around $12,000 and the mere fact that you had a job meant you could qualify for a loan."

http://viewfromthemeadow.com/corporategreed.html

[Hobbit]

You've got to be kidding me. In the 1950's, the average house of the 'working man' was half the size of welfare houses now, and everybody had, at most, 1 TV and 1 car. Now, most POOR households have multiple TVs, internet access, a DVD player, more than 1 car, a house...I could go on. Comparing us to third world countries? Please. In third world countries, the poor can't afford food. Here, they're the most likely to be obese.

[fj1200]

I've always marveled at how righties defend and praise greed and corruption. It used to be considered a cardinal sin, now in the republican world it is considered the greatest good. We ate last night overlooking the bay in one of the richest shore areas in New Jersey and I have to say I marvel at the wealth. Not because of any sense of jealousy, as we have done very well, but because of the large discrepancies in our nation today. Third world nations are defined in part by the separation of rich to the rest, we are almost there.


Corporate Greed Condemns America


http://viewfromthemeadow.com/corporategreed.html

Nice job of describing inflation and how simple things were before globalization and excessive government regulation.

[Yurt]

and obama lied about public financing...remind me why....

[Joe Steel]

You've got to be kidding me. In the 1950's, the average house of the 'working man' was half the size of welfare houses now, and everybody had, at most, 1 TV and 1 car. Now, most POOR households have multiple TVs, internet access, a DVD player, more than 1 car, a house...I could go on.

Good. You'll have to continue, preferably with something of substance. Cheap imported electronics, second-rate internet access and old cars don't define economic stability much less affluence. What about health care, education and a stay-at-home parent? Most of the baby-boomers had that when they were growing-up. Today's kids don't.

[PostmodernProphet]

I have to agree....I can remember the days when you could buy a nice house for $10k, a brand new car for $4k, gas for 25 cents a gallon.....but all that was before Carter became president........

[Joe Steel]

I have to agree....I can remember the days when you could buy a nice house for $10k, a brand new car for $4k, gas for 25 cents a gallon.....but all that was before Carter became president........

Carter?

He must be a truly great man, then. Eight years of Reagan, eight years of Clinton, eight years of Bush2 and four years of Bush1 haven't been enough to undo what he did.

What do you think it was about his policies that made them the bedrock of our economy for all time?

[Gaffer]

The homes of the 50's were three bed rooms, small bed rooms. There was a kitchen and a living room. That was it. The heat was a small oil burning stove in the living room. These cracker box houses cost about $2000 in 1950. It was the G.I. loans that allowed people to buy homes. It's when the government first went into the loan guarantee business. It was the expansion of loans to non-vets that things began to go haywire.

It use to be the standard for a home loan was, you had to make enough money that only a quarter of your earnings would make the house payment. That began changing in the 70's.

Banks loved giving loans on property back then because they could foreclose and resell the property, having made money from the original borrower and the new owner. Now days, foreclosure has become expensive and complicated. Mostly due to government regulations.

The majority of property in this country is not owned by individuals, it's owned by banks. And when you buy a house your just signing a 15, 20 or 30 year lease. Don't make the payment, you get evicted.

[PostmodernProphet]

What do you think it was about his policies that made them the bedrock of our economy for all time?

the fact that it's easier to break a bowl than to fix it?.....

[theHawk]

I've always marveled at how righties defend and praise greed and corruption. It used to be considered a cardinal sin, now in the republican world it is considered the greatest good. We ate last night overlooking the bay in one of the richest shore areas in New Jersey and I have to say I marvel at the wealth. Not because of any sense of jealousy, as we have done very well, but because of the large discrepancies in our nation today. Third world nations are defined in part by the separation of rich to the rest, we are almost there.]

I've always marveled at how lefties defend and praise big government greed and corruption. Big government used to be considered a cardinal sin, now in the democrats' world it is considered the greatest good.

Third world nations are defined by the absence of economic freedom due to government controlling all the wealth and resources, with the election of another socialist liberal, we'll be there.

[actsnoblemartin]

I think you have some excellent points here

Good. You'll have to continue, preferably with something of substance. Cheap imported electronics, second-rate internet access and old cars don't define economic stability much less affluence. What about health care, education and a stay-at-home parent? Most of the baby-boomers had that when they were growing-up. Today's kids don't.

[crin63]

I've always marveled at how righties defend and praise greed and corruption. It used to be considered a cardinal sin, now in the republican world it is considered the greatest good. We ate last night overlooking the bay in one of the richest shore areas in New Jersey and I have to say I marvel at the wealth. Not because of any sense of jealousy, as we have done very well, but because of the large discrepancies in our nation today. Third world nations are defined in part by the separation of rich to the rest, we are almost there.

I'm just curious midcan, what percentage of your income goes to charitable giving? How much do you personally help out those poor folk? I'm more than willing to tell you mine if you want.

[actsnoblemartin]

I've always marveled at how lefties defend and praise big government greed and corruption. Big government used to be considered a cardinal sin, now in the democrats' world it is considered the greatest good.

Third world nations are defined by the absence of economic freedom due to government controlling all the wealth and resources, with the election of another socialist liberal, we'll be there.

excellent point as well

[actsnoblemartin]

excellent education you just gave us

The homes of the 50's were three bed rooms, small bed rooms. There was a kitchen and a living room. That was it. The heat was a small oil burning stove in the living room. These cracker box houses cost about $2000 in 1950. It was the G.I. loans that allowed people to buy homes. It's when the government first went into the loan guarantee business. It was the expansion of loans to non-vets that things began to go haywire.

It use to be the standard for a home loan was, you had to make enough money that only a quarter of your earnings would make the house payment. That began changing in the 70's.

Banks loved giving loans on property back then because they could foreclose and resell the property, having made money from the original borrower and the new owner. Now days, foreclosure has become expensive and complicated. Mostly due to government regulations.

The majority of property in this country is not owned by individuals, it's owned by banks. And when you buy a house your just signing a 15, 20 or 30 year lease. Don't make the payment, you get evicted.