|
I do not think it is so much the spoiled American mindset, there are alot of hard working Americans with excellent educations going to complete waste.
goto the local Hardware store and see for yourself, ya will find people in them with college degree's that can not find work suited to thier educations.
American Labor Forces have suffered intensely as jobs have shifted over sea's. Union jobs even!
Auto manufacturing for example has been huge in jobs for America and was a staple income for many thousands if not hundreds of thousands of families.
With less money in our economy, and exhorbant credit debt rates going beyond 24% in many cases along with Mortage problems the Average American is absolutly getting screwed. I think Sub Prime mortgage thing would not be a problem if more Americans had a dependable income. In many cases people that experienced Sub Prime Mortgage had the ability to refinance on another lender unfortunatly income was and still is the main problem not the credit standing for a better home loan rate.
This has been happening for quite some time now and this is why I think the Economy is beginning to fold to recession. Well Recession has been on for almost a year now in my opinion.
Just re-iterating that just because unemployment is down does not mean that it bides for a good economy when most people are taking jobs is small mini mall's and food services.
|