Re: economy of Yes vs. economy of No

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Posted by Jerry I on November 06, 2009 at 08:30:02:

In Reply to: Re: economy of Yes vs. economy of No posted by rono on November 06, 2009 at 08:19:17:

: Howdy,

: For a few years now there have been two parallel economies that I've referred to as Yes and No.

: If you and spouse are working with benefits, retirement, 401K, have an IRA and some savings, fixed mortgage, kids are in school . . . life is pretty good.

: If you worked at the plant that shipped your job overseas, and then in construction until the housing market puked, you have no benefits or retirement, you cashed out your 401 to pay the mortgage as long as it lasted, wifey works at Walmart making $10 an hour, no IRA, no savings, home in foreclosure, son on drugs and daughter preggo . . . life sucks.

: Alas and alack, too many people in the latter category and what's worse, most in the former don't even realize the latter exists.

: peace,

: rono

Right on. And the remaining few with pensions (primarily public employees)and employer paid health care have no idea how lucky they are.

Follow Ups:

MI teachers in our area still not sure about a wage freeze...ya, right...and catch22 09:00:21 11/06/09 (0)
You'd better believe that we know how lucky we are... Old Joe 08:44:53 11/06/09 (0)

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Comments: : : Howdy, : : For a few years now there have been two parallel economies that I've referred to as Yes and No. : : If you and spouse are working with benefits, retirement, 401K, have an IRA and some savings, fixed mortgage, kids are in school . . . life is pretty good. : : If you worked at the plant that shipped your job overseas, and then in construction until the housing market puked, you have no benefits or retirement, you cashed out your 401 to pay the mortgage as long as it lasted, wifey works at Walmart making $10 an hour, no IRA, no savings, home in foreclosure, son on drugs and daughter preggo . . . life sucks. : : Alas and alack, too many people in the latter category and what's worse, most in the former don't even realize the latter exists. : : peace, : : rono : Right on. And the remaining few with pensions (primarily public employees)and employer paid health care have no idea how lucky they are.

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Comments:	: : Howdy, : : For a few years now there have been two parallel economies that I've referred to as Yes and No. : : If you and spouse are working with benefits, retirement, 401K, have an IRA and some savings, fixed mortgage, kids are in school . . . life is pretty good. : : If you worked at the plant that shipped your job overseas, and then in construction until the housing market puked, you have no benefits or retirement, you cashed out your 401 to pay the mortgage as long as it lasted, wifey works at Walmart making $10 an hour, no IRA, no savings, home in foreclosure, son on drugs and daughter preggo . . . life sucks. : : Alas and alack, too many people in the latter category and what's worse, most in the former don't even realize the latter exists. : : peace, : : rono : Right on. And the remaining few with pensions (primarily public employees)and employer paid health care have no idea how lucky they are.
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