Current scorecard:
1) We had 10% U-3 unemployment and 20% U-6 unemployment in CA.
2) An average house (say 2000SF) is $600-$800K in SD County. Well out of reach of the average joe
3) Local leaders voted thru a 15% bump in pay for themselves while rank and file govt workers take unpaid days
4) We’ve bailed out the banks who created the bad loans (only one CEO being forced out) and banker bonuses were up 17% from last year
5) We’re trying to bail out people who treated real estate like a speculative stock
6) We’re NOT pursing the agents of the bubble – agents, mortgage bankers
7) We’re NOT forcing people to face up for bad decisions
8) Housing prices were up in 2009 from 2008
9) Our currency is a real danger of becoming worthless as hyperinflation will likely come with any real recovery
10) We are spending so much money in stimulus but it is top down stimulus.
If you lived responsibly, you’ve gotten the short end of the stick
1) less chance at a good job, let alone a salary increase
2) housing still unaffordable
3) a huge increase in your share of the national debt and a faint glimmer of a social security check (at age 80 when that will kick in)
We argue about Republicans and Democrats but this has become a power and money grab by the rich and the pols that depend on them.
There is no hope because there is no change. Obama can’t do it; Palin can’t do it.
