Reply #66: This is why I still question the conventional wisdom that the housing market [View All]

[Tansy_Gold]

is the foundation of the economy. Someone was just on NPR this morning talking about it -- I only caught part of hte interview so I don't know who it was -- and saying that the first priority would be to stablize the housing market, keep people in their homes, and get them buying new ones.

EXCUSE ME -- but don't they need JOBS to do that?

I know I've been kind of not here recently. My brain was in paralysis over the election and now I'm trying to catch up on all the essential work that slid while I was in emotional meltdown, but the world didn't change all that much in the past few weeks, did it? Jobs are still the basis of the economy, aren't they? And it's manufacturing jobs that create wealth, aren't they?

The idea of rebuilding the national infrastructure as a way to get people back to work is good, but then when they have wages to spend, won't they need goods to spend them on? And if there are no local manufacturing jobs to produce those goods, won't we ultimately end up right back where we were in August/September '08?



Tansy Gold, who needs to just do some laundry and stop thinking so much