Lilred's Rant of the Week- The American Public

[Rocky Raab]

It's really not much different now, Billy.

When a blue-collar person made $6,000 a year, that worked out to about $3 per hour. Today, a blue-collar guy gets as much as $30 an hour. His salary is ten times "back then."

Guess what? Gas is $3 a gallon versus 30 cents, milk is $2 versus 20 cents, bread is a buck eighty compared to 18 cents. The Marlin 336 went for $39, and today goes for $390. A can of 2400 powder sold for $1.85 and today goes for $18.50.

The real difference is that back then, a new family would be happy to move into a two-bedroom, single bath tract $5,000 house as a "starter home." But today a young couple has to have a 7,000 sq-foot McMansion with a pool, a ski boat, two ATVs, two sports cars and an RV - as their FIRST home.

They're happy to buy now and pay later - but they have no clue what that payment is going to be; and brother, it's going to smack them big time.