Free Rent
A sign of the times is now appearing in Fleming Island, close to where I live. In the morning I pass by a few new commercial buildings. Many units have never been occupied and today I noticed two signs stating "Free Rent". They are large signs with bold color and they are indicative of the severe financial condition of the owners.
I have not seen anything like this since the Carter Administration in the early eighties. At that time even homes had such signs and I guess that is where we are heading now. Carter admitted that "there is a malaise in the land" and was at a loss as to what to do. In 1977 Carter had tried Keynesian Economics to improve the condition he had inherited from Johnson, Nixon and Ford (the same thing Obama is now doing) and it did not work. He cancelled high-tech weapon systems (the same thing Obama is now doing) and made the USSR very happy.
It took Regan to come in and make changes to the economy, halt Keynesian attempts to spend us out of recession, and put us on the right track to prosperity.
posted by Marcel at
12:43 PM
2 Comments:
I recall during the 2008 campaign season there was an interview with a woman who stated her intent to vote for Obama. She claimed that when Obama is elected she would get a free car and no longer have to pay rent. Conservatives (read Beck) mocked her statements. Well it looks like her predictions are coming true!!
By
John Beauregard, at 6:55 AM
such as the iPhone,of. is an north face sale of the famous Half Dome rock formation in Yosemite National Park,Outlet.The North Face expanded in the 1980′s to to create a line of extreme skiwear,Wholesale North Face Jackets. suitcases,Spyder Jackets.
By
Anonymous, at 9:43 PM
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