Great News—the Economy picks up

That’s what I just heard on the radio station I listen to and why pray tell, what is it they say is the reason for this? well, because it seems that one of America’s largest corporate employers is hiring and when they say hiring, they mean hiring—50,000 jobs to fill they say. And who would this be you might ask?  Why McDonald’s, of course, who else—maybe Wal-Mart? At least Wal-Mart sells something besides calorie-ridden, cholesterol-laden, fatty hamburgers, cheeseburgers, Big Mac’s and of course lest we forget the kiddies—Happy Meals. Great, just what this economy has been waiting for—50,000 minimum wage, self-esteem destroying, fast-food jobs that provide absolutely nothing to the majority of its employees but a feeling that their lives are heading for a desolation of 60 and 70-hour work-weeks just so that they can eat and provide for their families.

I speak from personal experience when I state the fact that in 1978-81, we, Realtors, of which I was one in Sacramento, California at the time, sold homes to employees of McDonalds who made little more than $700 a month and were “qualified” by mortgage brokers for payments of $500-600 a month. Um-hmm-sound familiar, and now we are headed for??? Hey, I hear Wells-Fargo’s approving 550 FICO scores and doing no-doc loans again? Where is this heading? Hmmm, I wonder?

Peace,
Keith G.