http://wonkroom.thinkprogress.org/2008/06/13/mccain-housing-gimmick/ Mon, 23 Nov 2009 22:17:53 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://wonkroom.thinkprogress.org/2008/06/13/mccain-housing-gimmick/comment-page-1/#comment-1370 christopher wiwi Fri, 13 Jun 2008 16:43:24 +0000 http://thinkprogress.org/wonkroom/2008/06/13/mccain-housing-gimmick/#comment-1370 “Home ownership in America may be up today, but in a nasty flip side to that coin, foreclosures are also on the rise, forcing Americans into financial disaster. . . First, skyrocketing costs across the board — health care, education, retirement - combined with lower wages are leaving many Americans in financially precarious positions. . . Second, blame predatory lenders. Just like credit card companies, which make their big bucks by aggressively marketing their products to high-risk consumers– such as college students, low wage workers and the newly bankrupt, mortgage brokers and banks have been marketing riskier ways for Americans to buy homes".As American companies ship more and more jobs overseas we will continues this cycle of low wages because we`ll only have service industry jobs left and they don`t pay enough to keep our houses and affordable health care put food on the table and gas in the tank.As a whole our country is being run ona Las Vegas style economy and that`s a CRAP SHOOT at best, if we don`t manufacture anything we don`t have much of a chance at making a good decent wage to live our lives as it should be. “Home ownership in America may be up today, but in a nasty flip side to that coin, foreclosures are also on the rise, forcing Americans into financial disaster. . . First, skyrocketing costs across the board — health care, education, retirement – combined with lower wages are leaving many Americans in financially precarious positions. . . Second, blame predatory lenders. Just like credit card companies, which make their big bucks by aggressively marketing their products to high-risk consumers– such as college students, low wage workers and the newly bankrupt, mortgage brokers and banks have been marketing riskier ways for Americans to buy homes”.As American companies ship more and more jobs overseas we will continues this cycle of low wages because we`ll only have service industry jobs left and they don`t pay enough to keep our houses and affordable health care put food on the table and gas in the tank.As a whole our country is being run ona Las Vegas style economy and that`s a CRAP SHOOT at best, if we don`t manufacture anything we don`t have much of a chance at making a good decent wage to live our lives as it should be.

]]>