Drudge Retort: The Other Side of the News

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Catdog

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Whys is it that none in the Trump Administration believe their leader's lies about the state of the US economy? If the economy is 'the envy of the world' then why do interest rates need to fall? If unemployment is low, then why are workers looking for jobs and employers searching for skilled workers?

In 1993 I refinanced my house to a 15-year mortgage at 6.25%, the same rate and loan structure my parents had 25 years prior. I never thought rates for home loans would be lower, but I was wrong. Home loan rates are again in the low 6% range, and if borrowers cannot afford such, there is a much larger problem.

The CEO of Ford Motor Company reports his company has 5,000 openings for mechanics, but the company cannot find educated workers, and the jobs pay six figures.

Administration hacks are lying when they say that illegals are buying up all the homes and getting all the loans that should go to 'Americans' (pronounced: white people). Yet, the National Association of Realtors reports 1.1MM homes for sale, up 12% from a year ago, yet homes are sitting on the market longer.

My conclusions: Americans have been poorly educated for decades and it's coming home to roost. People don't have the education to get good, steady, high paying jobs, so cannot afford hosues on their wages from WalMart or the local Amazon fulfillment center. The work Americans qualify for has been done by illegals (e.g., construction, roofing, landscaping, food service) and with many of those folks gone or underground, Americans are not stepping up to take those jobs, because Americans refuse to do such work because it's hard, sweaty, repetitive dead-end work, or so they say.

Thanks Trump and MAGA--you built this...

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