I live here near Houston, and the economy looks fine to me. I've been making more money since 2007 than ever before in my life, working as a lawyer/consultant in the energy sector.
Where, exactly, can I see this "economic crisis?" On a day to day basis, I see a regular, healthy economy churning along. I see freeways still packed with SUVs and trucks towing boats/ATVs. I just had an extension installed on my garage, and the contractor seems to have plenty of business.
Think about the gap between your own life and what the media claims is happening:
-Do you, personally, know anyone with a house in foreclosure? No; you don't.
-Do you, personally, know people who are unemployed? Nope. You do not.
-Do you, personally, know anybody facing "financial ruin" because of healthcare/education/credit card debt costs? Again - no, you probably don't.
See what I mean? Why is the media lying about the economy? Just to sell newspapers and get viewers?
Nice you live in a rosy little world. I live in Sullivan County, NY where we have 27% unemployment and that doesn't count the people, such as me, who lost their jobs a decade ago and haven't been able to find one. I will be forced to take early retirement simply to survive. Do I personally know anyone whose house is in foreclosure?: Yes, many. I was in foreclosure myself last year. No I personally know anyone unemployed. Yes, I for one, and dozens others. Do I know of anyone facing financial ruin? If you mean $45K in debt because of absurd credit card practices and having to file bankruptcy, yes, my brother is there right now.
Open your eyes.
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