I view \u201cdoom and gloom\u201d pseudo economics in much the same way I view the \u201cend of the worlders\u201d. I don’t have a degree in economics but I do have observations of a half a century or so.<\/p>\n
From their reasoning I have seen the end of the American Way many times in my lifetime. Most of these \u201cdoom and gloom\u201d pseudo economists use the price of gasoline as the proof. Well when I first bought a gallon of gas it was 8 cents a gallon even though the national average appears to have been about 23 cents a gallon. Prices fluctuated a lot depending on where you were and sometimes the \u201cgas wars\u201d would bring the price down below the cost.<\/p>\n
Americans and the rest of the world have faced many economic crises and have managed to weather them quite well. Do things change? Yeah, some things change and the way we do things change also. We have recently faced the biggest economic crisis since the \u201cgreat depression\u201d and have been pulled back from the brink. In the face of this, can we do things the way we used to? No. But we learn and continue on anyway.<\/p>\n
My dad was working class. He worked in a John Deere factory in a small Iowa town. He belonged to the United Auto Workers union. Because of this he had complete medical coverage for himself and all of us. Home visits by our family doctor were even covered.<\/p>\n
He was able to buy a lot and build a house on it. He built it himself and as our family grew he added on. He bought a new car about every two or three years. He would keep it until the warranty expired and then would trade it in on a new one.<\/p>\n
We were the working poor and lived quite well. Back then there was a real middle class. They were much better off than us. Unions were strong back then.<\/p>\n
Since then, many states have passed what they call \u201cright to work\u201d laws that were in reality union busting laws. Since then the working class has gotten poorer barely able to put food on the table. The middle class has disappeared.<\/p>\n
Now today, we have a working poor that cannot pay their bills and non-existent middle class and an increase of rich people who don’t pay taxes.<\/p>\n
Can we go back to the way things were? Probably not. Can we weather our new storm? Probably. We are a strong people.<\/p>\n","protected":false},"excerpt":{"rendered":"
I view \u201cdoom and gloom\u201d pseudo economics in much the same way I view the \u201cend of the worlders\u201d. I don’t have a degree in economics but I do have observations of a half a century or so. From their reasoning I have seen the end of the American Way many times in my lifetime. […]<\/p>\n","protected":false},"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,19,1428],"tags":[],"class_list":["post-34745","post","type-post","status-publish","format-standard","hentry","category-life","category-lifestyles","category-politics-2"],"_links":{"self":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/34745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/comments?post=34745"}],"version-history":[{"count":0,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/34745\/revisions"}],"wp:attachment":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/media?parent=34745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/categories?post=34745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/tags?post=34745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}