Forum Discussion
JJBIRISH
Sep 30, 2013Explorer
much of the wealth and affluence that exist today is a result of government guarantees in housing through the GI bill and other programs from the 40’s, 50’s & 60’s and investing in R&D in new technologies, food and farming. and medical fields… it’s not the banks or industries that take the risk on new and unproven ideas…
new home construction in rural America the mid 60”s was largely subsidized with low to no down payments and mortgage payments adjusted to income… new home ownership only possible because of the programs, and almost all out of reach to the buyers alone… enough of them to keep me working 50, 60 or more hours a week for a long time… it was the equity in their home ownership that lifted them to places they never dreamed of, and in many cases educated their kids…
it did however force me to move farther away for the suburbanization…
Computers, the Internet, jet turbines, and other military-funded technologies would have taken decades longer to develop without government support, if they had been created at all…
It was the federal government funded land grant colleges to make agriculture more productive through better seeds, fertilizers and mechanization, that liberated millions of Americans from lives of hard agricultural labor, and it helped spark America's rise as an industrial power in many related industries…
Though we praise the late Steve Jobs for the iPhone, all of its core technologies, from the microchips to GPS to the voice-control application Siri, depended on years of Department of Defense funding.
The prosperity of the time led to consumerism like never seen before, that supported capitalism and creating millions of more good jobs… the difference here is the change to investor capitalism in the 80’s and the start of the economic downfall and income inequity
Yet through it all the government programs the banks did not exploited everyone they dealt with and didn’t until the hands were free to do so…
but ya it has forced on them… not something they saw as opportunistic…
new home construction in rural America the mid 60”s was largely subsidized with low to no down payments and mortgage payments adjusted to income… new home ownership only possible because of the programs, and almost all out of reach to the buyers alone… enough of them to keep me working 50, 60 or more hours a week for a long time… it was the equity in their home ownership that lifted them to places they never dreamed of, and in many cases educated their kids…
it did however force me to move farther away for the suburbanization…
Computers, the Internet, jet turbines, and other military-funded technologies would have taken decades longer to develop without government support, if they had been created at all…
It was the federal government funded land grant colleges to make agriculture more productive through better seeds, fertilizers and mechanization, that liberated millions of Americans from lives of hard agricultural labor, and it helped spark America's rise as an industrial power in many related industries…
Though we praise the late Steve Jobs for the iPhone, all of its core technologies, from the microchips to GPS to the voice-control application Siri, depended on years of Department of Defense funding.
The prosperity of the time led to consumerism like never seen before, that supported capitalism and creating millions of more good jobs… the difference here is the change to investor capitalism in the 80’s and the start of the economic downfall and income inequity
Yet through it all the government programs the banks did not exploited everyone they dealt with and didn’t until the hands were free to do so…
but ya it has forced on them… not something they saw as opportunistic…
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