Saturday, January 12, 2008
Couldn't believe the pictures of Cleveland
As I watch the economy tank I take note of how this is effecting real communities. Let's see, gas is over $3 a gallon and heading higher. The stock market has only had one up day this year (down 246 on Friday). The dollar is down and the price of gold is over $900. Unemployment is up (7.4% in Michigan). People are foregoing paying their credit cards and phone bills. And even the Shrub in chief is talking about trying to help (God help us all. You know he'll screw it up). Remember all of the safety nets that had been cut years ago have now been eliminated. I just wonder how really bad it will get in the months to come.
They showed some shots of Cleveland on the news. One homeowner in that area noted that when homes go abandoned (forclosed) squatters move in bringing drugs and prostitution. The mayor is concerned as the tax base falls. There are over 10,000 forclosures in that city. With a falling tax base police and fire departments must be cut adding to the problems.