DENISE BARRANT: My parents owned a house. Their parents owned a house. I'm just trying to live the standard of living that I grew up with. But they have outsourced our jobs, or they have -- they have just said, you know, we don't need you. And the top people are still making a lot of money and then congratulating themselves at how efficient they have been.
PAUL SOLMAN: Meanwhile, her negative net worth just keeps getting more negative, due to debt.
DENISE BARRANT: Just being able to provide for yourself and your family, you have to live on credit. And so, if you have less of an income, they charge you more interest, which means the money you borrow actually costs you more. The fees for your accounts are more, because you don't have the minimum balances that they require. Everything costs more.
It's a very important story and I'm really surprised that The NewsHour was the one to touch this story. I wish they would do a multi-part series.
I feel really guilty. So many of our friends are having problems with money. And we're not. And I don't make a point to open with that, but I do feel bad.
What people sometimes miss is that with 8 kids, we were always counting every penny. We were a two-check, two-parent home with 8 kids and never enough money. My husband took a youth group from our church to the park once and, getting back into the van, the pocket of his shorts (it was summer) got caught on the door release and ripped. A pair of shorts. Big deal, right?
It was a big deal. I couldn't sew it. The way it tore, those shorts were dead. He had one other pair of shorts he could wear.
And my brother, trying to be nice, suggested he just buy another pair. Not getting that we couldn't afford it. I'll be honest, both pairs of shorts came from Goodwill. Nearly all of my clothes and his clothes did. We'd let the kids get new clothes (plus use their hand-me-downs) but we never bought anything new. When you've bought used shoes over and over, I think you know from hard times.
So that was then. Our kids are grown now. It's like we're rich. For the first time we're not always in a panic about what's going to hit the bank when.
So that's been a big improvement.
But if we still had our eight kids, we'd be on the streets.
It is amazing how little Barack has done to fix the economy.
This is C.I.'s "Iraq snapshot" for Thursday: