I suppose it depends on the POV. The late 70's blew, we had the oil crisis, the Iranian hostage situation, ridiculously high inflation, etc.... Not a good time for anyone that lived in the time (as I did as a kid with vienna sausages for breakfast and a nice 3 present Christmas, with perhaps 1 present for your birthday - overall a very overrated experience). Still, there was hope for the future and it manifested itself in the 80's.
Today, no one is starving, if anything kids are getting too fat and Americans are complicit in basking in their consumer goods that were subsidized by a government-encouraged trade debt. Yet, as Sleeper pointed out, the jobs outlook is the bleakest in many generations, we have a growing younger class that are drowning in debt and what hope do they have? How do you address a college graduate with $20,000 of debt and no job opportunities? How about one with $100,000 of debt?
Retirement? This is a pipe dream for any American that isn't getting a gold-plated pension (again, funded by debt).
Manhattan Buckeye
Senior Member
M
7,566
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M
Manhattan Buckeye
Senior Member
7,566
posts
Wed, Jan 18, 2012 10:09 AM
Jan 18, 2012 10:09 AM
Jan 18, 2012 10:09am