Reply to America is in an economic tailspin. Why does life feel so normal?

Forum Index » Off-Topic

Reply to "America is in an economic tailspin. Why does life feel so normal?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]All the economic metrics show us at Great Depression levels yet life seems so normal.  I know DC is always more insulated from economic downturns but stories from my relatives in other cities bely a sense or normalcy.  Why is that?  My grandparents had depression era stories of long bread lines, wearing tattered clothes, shantytowns popping up in cities, etc.  Are we just too early in this cycle to see the worst effects?  [/quote]

Democrats wants you to believe we are in such a disaster. We were tried to buy another house within last two month, and it is almost impossible, everything is flying out of the market. [/quote]

In your bubble.  The reasons you aren't seeing the impact thus far are, you live in a bubble, evictions and foreclosure were put on hold and the extra $600 in unemployment benefits.  When the no eviction/foreclosure orders and the extra $600 in unemployment go away, the far reaching impact of this will be evident.  The rent isn't being forgiven, it's still owed.  That means people are going to owe multiple months of rent when the restrictions lift.  A house in my neighborhood sold within hours on the market for above asking price but that's because many people in this area aren't impacted by the economic effects of the pandemic because they can telework and are getting fully paid.  There are other segments of society who can't telework and who've lost their jobs.  I know people who have gotten rid of their nannies and housekeepers because they don't need childcare while teleworking and don't want unnecessary exposure from workers coming into their homes.  The people getting rid of the nannies and house keepers are fine financially, the workers are not.  What's going to happen to the janitors, cafeteria workers, bus drivers....now that many school districts are going DL in the new school year.  This really is a disaster for some families.  Count your blessings that you can actually believe its democratic propaganda.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics