As I sit here watching Andrew Sullivan spout his fact that the economy is in the horrible condition it is in is because Americans have been greedy and overextended themselves.
Now he is not alone in this argument. Many talking head pundits have spouted this theory over the past week or so.
I, however am in a unique situation to see this from a different point of view.
Six years ago when I had my house built, I put down 10% cash on my house and my mortgage payments were 1/5, (20%) of our income. If my realtor and mortgage broker had their way, I would have purchased a home in a country club community that pushed 40% of our income. We knew that it was a bad deal, no matter how hard the banker and realtor pushed for a higher commission. But that's beside the point.
A lot has changed for my family in the last six years. My husband's job situation has changed dramatically, and his income has nearly been cut in half. Even with me working part time online while I still homeschool my kids, our mortgage is now nearly 40% of our income. Things are tight. Had we followed the advice of all the people (friends and co-workers included) who insisted that we were making a mistake and living beneath our status, we would be living on he street right now.
If you think about it, while the housing bubble, and mortgages, and even realtors have a hand in the current state of the economy, the loss of jobs, that no one seems to want to talk about is the biggest culprit. We are shipping thousands of new workers into the country every day to take jobs that Americans are not "qualified" to have. (Look up H1-B Visas). This includes teachers from Spanish speaking countries who are taking jobs from "unqualified American Teachers". This includes tech jobs and programmers where many Americans are now back in school training for a different trade. And then there are the jobs that are being shipped overseas.
No friends, the problem is not the greed of the average American person. It is the greed of the corporate giants who have made sure that our schools are substandard, so that they can call us unqualified and give our jobs away to people they can pay less.
Keep homeschooling your kids and teach them to start their own businesses because there is no guarantee of jobs. God bless.
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