Uncle Ben
Well-Known Member
But they ARE buying things, at least here in Texas.Yep; subsidize the destruction of America's middle class and then wonder why they won't be good little consumers and keep buying things?
In general the middle class never grew out of the recession which is localized.... like Baltimore, Detroit, St. Louis, all of Arkansas state, etc. In Texas and in particular, places like Houston, Dallas, Austin metroplex, the hill country, Lubbock, McAllen area....is booming. The "middle class" (not sure what that means) has lots of money and they are buying land, cars, houses at a record pace. My local city's lodging revenues, retail sales tax income paid to the County and City has gone up EVERY year for the last 15 years, even thru the recent "recession".
Slowest:
- Cleveland, Ohio, at -3.9 percent;
- the Detroit-Warren-Livonia area of Michigan at -3.7 percent;
- Buffalo, N.Y., at -3.0 percent;
- Pittsburgh, Pa., at -2.8 percent;
- Providence, R.I./Mass., at 0.9 percent;
- Rochester, N.Y., at 1.5 percent;
- Milwaukee, Wis., at 4.3 percent;
http://www.chron.com/national/article/Texas-pretty-much-dominated-the-fastest-growing-6735896.php
It appears more people took a Davy Crockett approach to their living situations this year - "You can all go to hell and I'm going to Texas."