01-23-2008, 07:40 AM
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Analyst
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Join Date: Mar 2005
Posts: 3,185
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You know I keep hearing the model for economics, and being told it couldn’t be this or that because that goes against the logical model all the time? Yet here we are;
Paying more & more for products that are being made cheaper & cheaper every day?
Watching credit cards being sent to people who have little or no way or manner in which to pay the debt back?
People who make a $100 a month and getting an adjustable loan with payments starting at $90 a month?
I see these loaning Banks & agencies refusing to give loans on lower valued homes but jumping at the chance to give people something they know they can’t afford?
Banks & loan agencies coaxing people into these situations, insisting that with the rise in the economy, that wages will increase to match, even though wages are stagnating under most conditions, and little if any average workers today get increases in pay based on the profits their work help create?
This is the same thing that happened to the farmers. A farmer needed $5000.00 to repair his tractor to make it through the year and the bank says "NO" we can’t loan you $5000.00 to fix your perfectly good old tractor, but we can loan you $250,000.00 to buy a new tractor you really don’t need. Then when the farmer can’t pay the loan and interest on a $250,000.00 loan they come and get the land. From there they went into cahoots with developers and Walla we got $45,000.00 homes being sold for $200,000.00 to people who don’t make $25,000.00 annually.
I know why they ripped off the farmers! So they could get the land!
Where is the benefit here? Who knows, unless the government bails them out, and they will, it seems to defeat any real purpose & defies all logic.
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There are only two things wrong with this great nation of ours, democrats and republicans! 
Not necessarily in that order. 
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