What a real economy looks like
When I graduated from college in 1965, the US economy was
still expanding and jobs were available for everybody and all new grads were
hired within a month. This included high
school grads and college grads and there were plenty of jobs for students. I
got to work my way through college with no student loans and bought my own car.
Moms typically didn’t work outside the home.
Dads made enough to buy a house and support the family.
Virtually all manufacturing was done in the US. Productivity continued to increase and that produced
a healthy economy because revenue increased and allowed for increases in wages
and salaries. This economy lasted
through the short-term recessions in the 1970s until 2008 and then it
died.
The 2008 Meltdown was caused by the Community Reinvestment
Act of 1993 and HUD anti-discrimination rules that forced lenders to give
mortgages to unqualified buyers. When
these mortgages foreclosed, losses were in the $trillions. That killed the US economy.
What a dead economy looks like
The US economy after 2008 was dead. New grads couldn’t get jobs. All the jobs student had done were being
filled by legal and illegal immigrants.
The excessive immigration that began in 1989 soaked up all the jobs that
were available except for engineering jobs with very narrow specifications.
How do we get our economy back
First we should have Congress repeal the Community
Reinvestment Act of 1993 and repeal HUD anti-discrimination rules. That hasn’t been done. Next we should have Congress repeal Obamacare
and freeze all immigration, so Americans can get jobs and reverse EPA air and
water rules, so electric bills don’t explode.
We also need to export US oil, natural gas and coal and get out of bad
open borders trade deals. We need to
close all unconstitutional government departments, agencies and programs to
save $1 trillion a year, so we can begin to pay off our $20 trillion government
debt.
Norb Leahy, Dunwoody GA Tea Party Leader
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