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Default Bloomberg opinion paints a grim future for America



"Bod" wrote in message
...
On 09/08/2020 06:07, Bod wrote:
On 09/08/2020 06:06, wrote:
On Sun, 9 Aug 2020 05:34:06 +0100, Bod wrote:

'Without fixes for infrastructure, education, health care and
government, the U.S. will resemble a developing nation in a few
decades'.

The U.S.s decline started with little things that people got used to.
Americans drove past empty construction sites and didnt even think
about why the workers werent working, then wondered why roads and
buildings took so long to finish.
They got used to avoiding hospitals because of the unpredictable and
enormous bills theyd receive. They paid 6% real-estate commissions,
never realizing that Australians were paying 2%. They grumbled about
high taxes and high health-insurance premiums and potholed roads, but
rarely imagined what it would be like to live in a system that worked
better.

https://www.bloomberg.com/opinion/ar...ut-in-the-open

Agree/disagree.....Opinions?

Other than the inaccuracies I suppose it is OK.
Maybe Mikey should spend more time in Flyover land.
I called my village about a pot hole in the road, they were out there
the next day, cut out about 5 feet of road, edge to edge, fixed the
drain pipe that caused it and repaved it 3 days later when the
concrete on the pipe had set.
RE commissions are typically 3-3.5%.
Construction is booming here, even during the Covid.
I agree the health insurance is high but the government is making that
worse, not better and the lawyers are a big part of the problem.

Fair enough.

What about the Rust Belt? Seems pretty grim.


There will always be some of that in any modern first
world country as some industry stops being viable.

It even happens in France even tho you lot pay a lot more
for your food to prop up very inefficient French farmers.

https://en.wikipedia.org/wiki/Rust_Belt#:~:text="Rust%20Belt"%20is%20an%20inform al,industrial%20decline%20starting%20around%201980 .&text=Rust%20refers%20to%20the%20deindustrializat ion,its%20once-powerful%20industrial%20sector.