Slip sliding away, slip sliding away You know the nearer your destination, the more you slip sliding away Whoah God only knows, God makes his plan The informations unavailable to the mortal man Were workin our jobs, collect our pay Believe were gliding down the highway, when in fact were slip sliding away Slip sliding away, slip sliding away You know the nearer your destination, the more you slip sliding away 2x Paul Simon 1977 When you look historically at 1977 it really wasn’t a bad year, or a good year, but a couple of years down the road, we could clearly see that the minstrel prophet had pretty much nailed the year when things began slip, sliding away. Some gremlin called stagflation was raising its head, hence Paul Volcker’s predicessor at the Federal Reserve, G. William Miller only lasted 16 months (March 8, 1978 – August 6,1979). It was about that time in Seattle the housing prices began to skyrocket. The so-called Boeing Bust was over. We found a bungalow in the Wallingford district of Seattle and made on offer and it was accepted before the house actually came on the market. At that time, I assume before the Community Investment Act of 1977, you could only use one income to qualify for a loan, which my job as a young Boeing Engineer just made the threshold. Things got rather dicey when at closing we were told that we had to pay for all the oil in the 675-gallon oil tank, which supplied the oil furnace. Back then being asked to unexpectedly come up with almost $900 was not spare change you had lying around. The point being, when we sold the house just before the Reagan election the price had more than doubled. The only upgrade we did was to install a new 200 Amp electrical service entrance; lest I forget 2 incomes could then qualify for a home loan. A little Internet research doesn’t take long to find some rather well done articles about how the United States has been slip sliding away since the late 1970s, especially when the focus is on American politicians love affair of getting people into owner occupied dwellings. Housing prices upward forever, well at least about 30 years. The real difference between the past slip sliding away, is in the past there always seemed to be generally only one greased slope instigator. In September 2014 there seems to be too many to count, and a few of those could basically end life in the United States in the form American’s have come to expect. Last Wednesday night I had a meeting in Spokane, and by the time I got home, I really wasn’t interested in what the President’s speech on ISIS-ISIL might have contained. The next morning when I read some of the analyses of his proposals, I got out a ladder, climbed to the top of the roof and screamed at the top of my lungs, “You’ve got to be kidding.” Barack Obama was about as seriously focused as he has ever been in his presidency, yet this can quickly slip and slide into a quagmire where options really no longer exist. wondersprings.org/files/slipslidingaway091714.php
Posted on: Wed, 17 Sep 2014 22:37:33 +0000
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