It's Good To Be The King!

Just yesterday in the Denver Post there was an interesting article about how foreclosures were running at a record high in Adams and Weld Counties. These are all low to low-middle income houses. There are also record rates in Douglas County, also known as rich, white Christian county (remember when Castle Rock voted down affordable housing--good to have Hispanic gardeners and housekeepers, just don't want to live by them). People bought on ARMs and as the rates raise, they lose their homes. Simple. Pay rates for low and middle class have not raised with the Cost of Living. They have remained stagnant, while worker productivity has increased.

Today's headlines in the same paper? A Sales Surge for Digs Over $1,000,000. Hmmm. There is no shortage of people who can afford over $1,000,000 and those people, some of whom may be rich enough to be Monkeyboy's base-"What an impressive crowd: the haves, and the have-mores. Some people call you the elite, I call you my base.", can't find adequate housing. There is dearth of $1,000,000 plus homes.

Let's see. Worker productivity up. Worker salaries stagnant for 5 years. CEO and executive pay rising at incredible rates compared to worker salaries. Hmmm. Trickle down economics at its finest.

rojo