General Discussion
In reply to the discussion: WTF? China, Mexico and India??? [View all]Urchin
(248 posts)Those voters who have been counting on their bubble-ized 401K's and bubble-ized homes they own, to support themselves in retirement because they otherwise spent most of their lives borrowing and spending instead of producing and saving.
So those voters don't want to see a fair economy, an economy in which asset values return to normal, so that young people might better be able to afford to buy their own houses.
As it now stands, if a young person buys a house, they must pay an unfair artificially inflated price for the house, the older home seller benefitting by taking more of the young person's hard-earned money than they would get if asset prices were allowed to normalize.
So those older asset holders want our distorted economy to continue at any cost, no matter anything else, and are happy to keep voting for the same kind of candidate to keep getting what we all have been getting.