Al Lawoor

http://www.allawoorblog.com

1 Comment

    • From Housing to Employment: We're in Big Trouble [view article]
      I was expecting this way back in the late 90's when the boom in the stock market and the housing market was artificially raising peoples equity in their houses and stock holdings. Unscrupulous brokers were asking older folks who had paid of their mortgages on their houses to put them back on mortgage and borrow money and invest the same in the stock market. In fact I had called a talk show and said that this was not right and moral but who listens to sound advice. Another problem was the factories closing and sending productive work to other countries. This could be ok if the finished products returned to the US was sold at the price levels of the producing countries no the big profiteers cannot expect that kind of logic but the people who lost their jobs were no more able to purchase a product produced in third world countries and sold at first world prices. The problem with the profiteers is that they are greedy and short sighted - never look for the long term. They are so foolish to cut the trunk they are sitting on just as long as they can get the fruit from the tree without bearing the consequences. This will take time and as you have said in the article our kids can only down load music and movies but can not mow land because their hands are too soft for that kind of work and even their fathers did not do any digging. I still think education and hard work goes hand in hand its not true that education does not pay but it helps to reason if one can reason to have a better life. I live in Central Europe where companies do not respect older employees. Its a taboo for banks and corporations to hire somebody above 40 years of age. Experience comes after the age of 35 and 40 and they prefer the young as its cheaper but they are willing to take losses from the kids who do not understand the markets or respect the people with grey hair as grey hair and wrinkles for them is something to look down on and not respect as we did in our generation. So this was coming to us and we should now enjoy the raw fruits with a smile on our faces. I do not like to be sarcastic but this is the true nature of life and am not sure if even God will be willing to take us out of this mess. We have sold ourselves to the devil. Even the weather these days is depressing, we are in Spring and it looks like winter.
      Al Lawoor       Apr 30 10:48 AM
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