Skip to comments.Despite strong economy, some struggle to get ahead
Posted on 10/26/2006 6:18:46 PM PDT by mustang buff
WASHINGTON - When he was asked recently why Americans aren't delighted by their strong economy, Treasury Secretary Henry Paulson called that the $64,000 question.
(Excerpt) Read more at startribune.com ...
It's funny we never hear about them "stuggling to get ahead" during the Clintonista regime's "boomin' economy." Communist propaganda.
This is shocking. Who ever would have thought that in a competitive economy, some people will outperform others and, gasp, some people will be outperformed. My perception of the world around me has been turned upside down.
Women and children hardest hit, right?
Is necessary to talk the economy down, at least before Nov. 7
You are so right. The proper liberal propagandist must always, always, find the dark lining in any cloud, when forecasting for Republicans, and must always diligently pick for the tiniest speck of hope in the darkest moment for any Democrat. To them, that is journalism.
We'll all be hurting if Democrats get control of the House and they manage to raise taxes. I think Bush would veto, but do we really want to take that chance?
The End Times are nigh, I tell ya!
Uh? How about? 40% of the American population are partisan Dims, and being delighted about the current boom would only benefit the GOP?
The article seems to highlight energy and health care costs. In Maryland here the last all dem legislature(1999) signed on a deal to sell BG&E (Baltimore Gas and Electric). It came into effect last year and many home's energy bills have DOUBLED. Health care costs have numerous reasons. I wouldn't want to hijack a thread (illegal aliens forcing hospitals to shut down). So I'll just stick with the local energy issue. We need to drill, we need more power plants, we need more infrastructure and competition. The most likely party to advance these is the Republican party. /rant
Younger people starting out, who haven't had any reversals and don't really have any major obligations, seem to be sailing along just fine, however, and are effective exponents of a boom economy. Their biggest problem is deciding what to wear to a party.
The number people who really do have it in balance -- a decent life and a decent life style, is pretty small indeed.
Still, is it me, is it just New York, or is everyone stressed and overly touchy?
Nevermind, I know the answer.
Exactly! If you believe the MSM, this is the worst economy since the invention of money. And isn't it amazing how these stories start flying two weeks before an election?
Its an easy answer: many people are not capable of self-denial. Our family of 6 gets by on slightly more than the nat'l median income for a family of 4 just fine. Our only debt is a small mortgage and a small car payment. No credit card period, pay everything by check or cash. We still give the kids nice presents for birthdays and christmas, even manage to support two kid's interest in ice hockey (mucho $$$!). LAst time we bought a new car? 1996. Did we buy more house than we could afford? No. Do we have all the latest gadjets? No. Too many people who make decent incomes think they're entitled to live like the wealthy, rather than be content with the blessings they have.
Eh, anyone prepping their kids for scholarships for college is more than likely going to be disappointed. There are very few of those to go around.
The exception is at large state schools, but even then, only a limited percentage of kids are going to receive them, and it takes more than just an above average student to receive them.
Perhaps we'll see more kids entering needed and professional-geared fields like engineering as college becomes more of an investment..
"Despite strong economy, some struggle to get ahead..."
That is the briefest history lesson I ever read.
Economy Booms; Women and Minorities Hardest Hit
If the Dems win their will be no poor, no hungry, no infirm. The lame will walk. The blind will see.(BROTHER!)
ach, you beat me to it...
Couldn't agree with you more! Most people I know are like that guy in the Commercial, playing golf at his club, his great kids, a house in the suburbs, riding lawn mower and It's KILLING him!! hee, hee.. that's what happens when you are silly, self absorbed and want to impress others!
Out on a limb.
As it was with that long swim to the egg, "getting ahead in life" is supposed to be a "struggle".
This economy is just fine.....
Want more, then work harder. Don't work, don't support this country, don't follow the rule of law and do nothing but bitch and ask for handouts.........no problem....you can starve to death for all I care.
"Still, is it me, is it just New York, or is everyone stressed and overly touchy?"
Move to the Texas hill country, enjoy the hunting season and the awesome BBQ.
This is what happens when people are conditioned to believe that having 100% of the population on the right side of the bell curve (regardless of what is being measured) is mathematically possible.
Because some of us live in Michigan.
You may think this might sound a touch off subject, but how old are both of you? I am pushing 40 and honestly have never had it better in my life. Opportunity is huge! Interest rates are in the basement! The economy favors entrepreneurship like never before, and puts me right where I need to be fiscally. Why you guys find it sooooo tough is not because of the economy at all. Look a little closer to home to find out why your struggling, OK?
I live in NY too and everyone I know here is struggling including me. But basically it has to do with being in NY. High Rents, Mortgages, taxes, etc. Even with a good salary you just can't make ends meet. Its doesn't have anything to do with the overall economy its just NY. As long as you live here you will be struggling unless you are rich.
I am in my 40's and its really got to do with what state you live in. Try living in NY State and you will find yourself struggling and living from paycheck to paycheck. Its stinky NY.
I live like you do. Ain't it relaxing? I have a small house in a small city, older car (paid for), home-cooking, and pay off my credit card bill every month. I am paying tuition for one son at a state college. I am able to do all of this and work only 20 hours a week because I planned carefully for it. If I need money for something extra, I work more hours. Of course, none of this would be possible without the blessing of good health.
not to mention the necessities, HDTV wide screens, cell phones for each family member, high speed internet, $200 sneakers, new Dodge truck, Xbox 360, etc.
You and the Greek philosopher Epictetus (55-135 AD) would have been the best of friends.
Epictetus said: Wealth consists not in having great possessions, but in having few wants.
I admire your philosophy and try to apply it my own life.
Oh, and the truck, too -- though I'm a Ford man myself. LOL.
I buy one new vehicle every 12-14 years.
I'm retired and keeping my head above water only with the grace of God. That said, I planned ahead ten years ago when I was working and set money aside in a bond to buy a new car, if needed. Three weeks after the bond matured, my old car needed major repairs, so I bought a new car. The moral of the story - plan ahead so you can treat yourself to a needed expense when needed. Otherwise, live frugally and economize when you can.
I lived there for three years back in the early nineties. Yes, the cost of living is high, I agree.
Your point is valid but Florida also required a two-family income.
I'm not going to dice this idiotic comment into confetti in front of everyone like I'm tempted to.
I'll just point out that you have drawn a conclusion without any evidence and certainly without comprehending what was written about the subject.
A little closer to home, indeed.
"Too many people who make decent incomes think they're entitled to live like the wealthy, rather than be content with the blessings they have."
You just hit the nail on the head.
Madison Avenue has convinced way too many of us that we just CANNOT be happy without a big screen TV, a Porsche, and a 5000 square foot home.
People that buy into their hype will NEVER have enough money!
"Perhaps we'll see more kids entering needed and professional-geared fields like engineering as college becomes more of an investment.."
Don't bet on it. The outsourcing and H1B visa insourcing of engineering jobs is further decreasing an already low engineering enrollment in this country.
Engineering is one of the toughest curriculums there is.
Few people want to work that hard to have their careers truncated at age 40.
Yup and I don't even own a cellphone because I can't afford it. LOL Good thing there are lots of payphones in the city! LOL
People (quite naturally) think they are entitled to the lifestyles they see depicted as the norm on television. If they would turn off the TV, not only would the feelings of envy and economic discomfort diminish, but they wouldn't have to listen to Howard Dean ranting any more. ;)
You left out minorities.
or worse yet,...some of us live in Cleveland.
Natural gas and electric are outrageous too, especially on Long Island. The lower rates promised by allowing LIPA to take over LILCO was all a big fat lie.
Uh these are the boom years in NY. Average salaries on Wall Street are topping $300,000 and even bartenders are approaching six figures in many places.
Really, it's not going to get much better than this.
No, actually race baiters and Socialists hardest hit.
We live in Florida on one income so I can homeschool the kids. Real estate is expensive, but we bought a few years ago before it got really outrageous. Other than that, Florida's a bargain. I've lived in 9 states, and I would consider the cost of living in Florida, other than housing, to be on a par with the Midwest. No state income taxes and a cap on property taxes. Not having to heat your home in the winter. No expensive winter clothes or boots. No snow tires. The beach is cheap entertainment.
Most of the people we know here are homeschoolers. Incomes vary, but everyone's making it and no one's starving.
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