Is any one Politician really any better for us than any other? Is any one likely to really bring about change? I mean, real change?
Our system is set up to make change slow. Some argue this is bad. Maybe it’s good. I don’t claim to know. Sure, it frustrates me too when government makes a seemingly simple decision so complicated. But, who knows. Knee-jerk reactions aren’t good either.
We in America like to blame people. We like to blame the latest person in office for the state of the economy. Is it Bush’s Fault, or was it Cinton before that? Will Obama fix it or is McCain more likely to?
I say neither.
It’s our own fault. All of us.
Many people seem to want to demonize politicians as liars or crooks. I think, in reality, they all are just trying to work through a really complex system the best way they can. It’s become so unwieldy, that it’s impossible to stay on top of everything. We have helped make it that complex. And, we want to hear them blame someone. So, that’s what they do. Find someone to blame.
When housing goes up 300% (give or take, depending where you live) over 3 decades and real income doesn’t even come close, it doesn’t take a genius to figure out that eventually something has to give.
My father bought a house in 1985 for $30,000. He made $40,000.
A few years ago, in California, you would have had to make about $750,000 a year just to maintain that same income to debt ratio.
When I buy a house, and watch it go up in value so high that I can’t even afford to sell it and buy the same sized house across town because of the property tax increase, I don’t have to be a financial guru at some large firm in Manhattan to figure out the market is about to do something really unfavorable.
We, as a group, buy the houses at falsely inflated rates because we get sucked into the frenzy of “they are going to disappear and we will never buy one”.
Sure, you can blame the republicans for deregulation of large lending firms. Sure, you can blame Clinton for the setting up of our current global economy causing wages to decrease and jobs to go offshore.
But, when it comes right down to it. We are the ones buying into all this garbage. We vote for the laws that make it more difficult to manufacture here AND compete on price. We tell a company they have to abide by stricter labor laws and environmental laws and then go buy cheap crap made in third-world countries where the laws are looser.
And, we, as a group, buy houses we cannot afford and finance them 120%.
It’s all our fault. Everyone’s.
(this is just my 2 cents. Worth only about half a penny in today’s economy)