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["Wendy" <crazygardens AT verizon.net>]

Bob, your first paragraph is what is normal for this country.  What you are 
describing is what "business as usual" has brought us.  The people who are 
being tossed out of their homes are those who bought homes they could not 
afford in the first place.  They will just go back to renting.  The large 
unemployment numbers are from the financial sector tossing off their 
top-heavy load of math juggling staff ie. the life suckers.  Businesses are 
failing due to bad business practices ie extending excessive credit and 
living on leverage to prop up the books. There are a few real causalities 
(there were far more causalities from the high oil prices caused by the 
life-sucking speculators), but I don't think more than have been in the past 
and I think lots less than have fallen due to the big boys using leverage to 
force out the smaller, but solid, businesses.

The good hard working people will come out of this better than ever.  Gas is 
now affordable.  Property values are falling to where those in the income 
bracket who lost their over-valued homes due to shoddy lending practices 
will be able to afford housing again.  (BTW we have only seen the tip of the 
iceberg here.  More to come in the next 18mo.)  Small businesses will be 
able to start and operate again.  (yes, start-up funding will still be 
available to legitimate businesses with tangible assets.)  I'm excited.

There is a lot of scare tactics going on now.  Those who make millions by 
juggling the books are crapping themselves.  It is their panic that is 
spilling over to us all.  They want us to panic and force congress to give 
them the money to prop up their house of cards.  They want us to believe 
that only by MORE deficit spending sent their way can we survive.  Relax. 
Things will be better for common Joe because of this.  Don't let the mass 
hysteria at the top get to you.

Wendy



> I understand what you are saying , Lynn, and philisophically don't 
> dis-agree.  I simply do not want to see children going hungry; citizens 
> sick and dying because of inadequate access to decent health-care; homeless 
> numbers expanding; and all of the consequential social ills that follow 
> catacysmic economic turmoil and social disorder.
>
> Either way, I will survive, and will try to flourish and prosper.  But a 
> lot of people are three or four paychecks away from complete destitution. 
> The 'system' is not fair, it is 'instead' cruel and antithetic to social 
> good.  I do not wish ill fortune on the hard working citizens of my 
> country; and they are exactly the ones who will be hurt most.  The system 
> needs to be changed , but not on the already bent backs of the good and 
> decent working people.
>
> --------------------------------------------------------------------------
>
>
> --- On Mon, 12/29/08, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:
>
> > From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
> > Subject: Re: [Homestead] Sky-is-falling forecasts
> > To: homestead AT lists.ibiblio.org
> > Date: Monday, December 29, 2008, 11:50 AM
> > > I hope I am completely wrong and that the economy is
> > back to normal in 2-3
> > > years.
> >
> > Bob; I think that is why many of us feel that we are of a
> > different mindset
> > than you. I, at least, don't think "back to
> > normal" is a good thing. The
> > false economy, as you have pointed out, rewards the rich
> > and punishes the
> > people who actually do the work (which is most of us on
> > this list). In the
> > 'good years', things were inflated far beyond their
> > actual value. Now that
> > the entire country and everyone in it is in debt,
> > 'they' are bemoaning the
> > fact that people are *gasp* not spending money they
> > don't have. Something is
> > terribly wrong with that picture. I think the whole economy
> > has to come
> > tumbling down enough to bring even the rich to their knees,
> > then it can be
> > rebuilt, valuing REAL productivity, NOT paper shuffling or
> > monitoring
> > electronic blips.
> >
> > Lynn Wigglesworth
> >
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>
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