Apr 20 2008
American Joe Ii
Bubbles, bubbles are everywhere.
Where is reality or old fashioned classical fiscal responsibility? I am not going to dis Ronny Reagan and his deregulation but it has gone too far and to the detriment of the good of the United States both domestically and internationally. A house built on rock stands and a house built on sand is washed away.
It has somehow become impossible for the average Joe in America to attain the American Dream whatever that used to be. At one point in time, it used be to own your own home. I cannot with my limited financial means buy a $400,000 single family house in one of NYC’s boroughs of Staten Island. That is a low end price.