Thursday, September 4, 2008

Economic Reality- Middle Class Forced to Sleep in Cars


"There are 12 parking lots across Santa Barbara that have been set up to accommodate the growing middle-class homelessness. These lots are believed to be part of the first program of its kind in the United States, according to organizers."

When I read that I almost died. I am starting a series in addition to my regular blog titled Economic reality. So in 2008 it has come to this. A parking lot for people to park their cars to sleep in...a modified version of a mobile home lodging...wow. Stats show that foreclosure filings are up 70%..unprecedented. The country is in a recession and I dont think we have seen the worst yet. Gas and Oil prices continue to go up every single day. Getting a loan now is like trying to cut through a brick unless you have near perfect credit. The job market in slow to say the least and the cost of basic foods are going up. America is becoming a third world country. We may the strongest, the richest and the biggest but every day citizens are starting to feel the burden of economic woes that are plaguing us.

When will this end? When will be able to live half normal lives again? Some say these prices are here to stay, and if that is so, then God Bless America. A better question is how do we solve this? Clearly someone is getting rich off the oil prices. We have asked the Saudis to increase shipments but they denied us that. I think even the government is a bit taken back. Taking on big corps like OPEC is an idea but a drawn out solution..it could take years to throughly investigate a company of that caliber and resources. Is there a solution?

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