Morals Vs Mortgages - A Timeline of The Past Century [infographic] »

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  hyperbola5 months, 2 weeks ago

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  Well, this "timeline" is right out the right-wing propaganda bubble! Imagine characterising this as a breakdown in family values: "women became financially independent". Or this: "the 1960s led to generation X and asking what can my community do for me". Typical right-wing "slogans" for the gullible.
  
  Of course, what is not discussed here at all is the transfer of Americans wealth to the super-rich starting with Reagan. Remember that half of American families lost their savings and became net debtors during the Reagan administration. Remember that at the same time taxes were RAISED (twice) on average Americans, but lowered for the super-rich. Remember that Reagan was when our "elite" got serious about bleeding America for their military imperialism wet dreams. Remember that Reagan over saw the first "soaking" of the taxpayers to pay off "corrupt financial oligarchs" (Savings and Loan Scandal - no accident that all the Bush brothers made out like bandits at the time). Remember that Reagan also produced other major "financial breakdowns" (1987 market crash). Remember that Reagan (and sidekicks Cheney, Wolfowitz, Rumsfeld, Abrams, Gates ....) corrupted the CIA, got involved with narcotrafficking, right-wing illegal arms merchants, andright-wing death squads (Iran-Contra).
  
  The simple-minded pablum and slogans represented by this "timeline" is how the gullible are kept dumb, docile and under control.

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    cleare5 months, 2 weeks ago

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    looks like it was drawn by phyllis schafly in 1979.
    
    the 'greed" of the average american desiring their own home; which incidentally is the foundation stone of a family's wealth, is minuscule compared to the greed of mortgage brokers and de-regulated or un-regulated financial institutions.
    
    typical conservative "blame the victim" mentality.

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      chevydog5 months, 1 week ago

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      Yeah, some of it looked pretty loopy. It's OK to tell people that they should read the fine print; and true. But one is also obligated by good business practice to explain all the relevant parts of something one is signing to a person. So it's a two-way street.
      
      Home ownership may be the ideal, but it hasn't always been common. I forget how long it's been that mortgage interest has been tax deductible--a subsidy to ownership. In the area where I grew up (eastern and central PA), renting was more the norm. Parts of my Mom's family once rented the same house for something like 75 years. When my parents (Dad was a small-town businesman) decided to buy a house around 1960, the family business actually suffered a little from it. The town residents were apparently of the opinion that owning a house was too upper crust for a businessman.

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