New Normal? Hope Not.
|Kezar Lake after ice-out|
There’s not a lot of boat traffic on Kezar Lake either. It’s nice to have the beautiful lake to myself when I’m out there but it’s not good for my town. Boat traffic diminished considerably when Stephen King bought the Kezar Lake Camping Area and closed it down, but that was years ago and we absorbed it. Something else is happening now, and it isn’t good.
that grows the underground economy.
Driving other local roads I’ve traveled a thousand times in the past thirty-six years, I see homes going into disrepair, lawns overgrown, paint peeling, shingles missing, and “For Sale - Price Reduced” signs. I’ve never seen it so bad, and I wonder how many of their owners’ mortgages are underwater. I wonder how many have already been foreclosed on, but banks are reluctant to evict residents for fear the properties will deteriorate further. For the past year and a half I’ve been driving Route 302 twice a week. It’s the main east/west highway through southern Maine. As soon as I leave Portland and go into the rural hinterland I’m seeing the same thing - more “For Sale” signs and decaying properties, both residential and commercial.
the president said, “What is a danger is that we stay stuck in a new normal where unemployment rates stay high.” Looks like we’re there however - in spite of his record deficit spending for "economic stimulus."
Yeah, I hear that housing prices have bottomed out and sales are increasing, but how long will that last? It’s happening only because the Federal Reserve is creating digital dollars out of thin air at the rate of $85 billion per month and using much of that to purchase mortgage-backed securities.
used to have the highest per capita income in the United States back in 1962. Then progressive Democrats and their union supporters took over total control - and they’ve held that control for fifty years. Detroit is the end result of their policies. All of America is on that road when they’re driving, and they’ve got the wheel in Washington.
Democrats started growing government beginning with FDR. Then it was Johnson, Then Carter. Then Clinton - then Republicans under George W. Bush. He grew it even faster than Clinton did. But Obama makes them all look like pikers and he still claims it’ll all get better if he just spends more.
saying, “I promise you this: I won’t rest until things get better.” Well, he’s played 100 rounds of golf since that speech and 125 since being sworn in. He is the tenth president I remember in my lifetime and I don’t recall any of them taking as many vacations as he has. Last month it cost us all over $100 million to send him and his family to Africa - again - and it looks like they all had a great time.