Friday, December 28, 2007

Good Luck in the New Year

George Bush says there is no inflation. Go look for yourself. Check out the price of a dozen eggs, a quart of milk, a pound of hamburger. Compare your utility bills with what they were a decade ago. Put 20 gallons of gas into your pickup truck and read the bottom line on your receipt. After you've done that, then look at you're paycheck.

It isn't exactly true that George Bush is a lying little cocksucker. On the one hand, you'll find that you are living on about the same amount of money year after year. That's what George is talking about. On the other hand, you are paying a lot more for the stuff you need. George is rich and he's President. He never handles money, so he doesn't have a fuckin' clue.

The big news for you, is that the price of your house is going down. At the end of this year, which is rapidly approaching and you find that your credit card debt has started to get out of hand again, your choices are going to be limited. Banks are not going to line up to refinance your house and give you the money you need to pay off the plastic and the 20+ percent interest rates that come with it. They are worried now that you can't afford the payments on the mortgage you already have. They might be willing to make some sort of adjustment about that, especially if they don't think they can sell your house for anything like you owe but they aren't going to give you any more money. Even if you can stay off the plastic, which is unlikely, they compound that 20 percent interest daily. Make your minimum payments and in a couple of years you'll owe them half again what you owed them when you charged the last item and they'll want every cent of that before you're off the hook.

If you are like most of the people in this country, you make your living by doing something for somebody. They pay you to do it because they don't want to do it themselves. As money gets tighter, competition kicks in and you will find yourself having to do whatever it is you are doing for less money. There could be a real possibility that eventually, nobody will need you to do it at all. If fewer people are running to Walmart every day, it stands to reason they're going to need a lot fewer greeters.

When they finally kick you out of your house, you can sell your stuff but who is going to want to buy it. Maybe you've got rich relatives that will help you out, I don't. Maybe your family still has a little farm somewhere you can go to, mine doesn't.

Maybe I'm just deranged and everything is going to work out great. Maybe George Bush is not a lying little cocksucker. I hope so. I'm not any better off than most people. I've had a little more experience living on the street than some. It's not recent experience though and my back gets all twingy in the cold.

1 comment:

Anonymous said...

Yes, there is inflation - no one is denying that. It's about 3%. But Dubbya doesn't control that - the FED does. They control the money supply, which is the source of inflation. Prices are only an indication, a symptom of inflation. Bush and the rest of the gov't, including the Democrat controlled Congress, has no control over the Federal Reserve, and it does as it pleases. The proof of which is that it has successfully rebuffed every attempt of an audit by Congress.

As for the how the current standard of living goes, I'm doing much better now and my standard of living is much higher, despite inflation... than say during the end of Clinton administration when I was on WIC and foodstamps as an E-6 in the military. That's because of Bush's tax cuts. Let's just put things in proper perspective, salted with some truth, shall we?