Desolate Carnage
 
Quick Blame The Victim
Archived | Views: 1426 | Replies: 7 | Started 15 years, 10 months ago
 
#454956 | Thu - Feb 12 2009 - 12:53:04
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http://www.time.com/time/specials/packages...1877319,00.html

Blameworthy
The American Consumer

In the third quarter of 2008, Americans began saving more and spending less. Hurray! That only took 40 years to happen. We've been borrowing, borrowing, borrowing, living off, and believing in the "wealth effect," first in stocks, which ended badly, then in real estate, which has ended even worse. Now we are out of bubbles. We have a lot less wealth. And a lot more effect. Household debt in the U.S. — the money we owe as individuals — zoomed to more than 130% of income in 2007, up from about 60% in 1982. We enjoyed living beyond our means — no wonder we wanted to believe it would never end.

Who the hell "runs" the economy and builds the system of incentives? The government. And who the fuck supports the government? The voters. Kill the voters.
 
#454962 | Thu - Feb 12 2009 - 13:02:27
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:k:
 
#454971 | Thu - Feb 12 2009 - 13:54:00
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Quote (Sgull @ Feb 12 2009 - 13:02:27)
:k:


 
#454975 | Thu - Feb 12 2009 - 13:55:08
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Quote (HCL @ Feb 12 2009 - 13:54:00)
Quote (Sgull @ Feb 12 2009 - 13:02:27)
:k:


 
#454980 | Thu - Feb 12 2009 - 13:59:06
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Quote (Vogan @ Feb 12 2009 - 20:55:08)
Quote (HCL @ Feb 12 2009 - 13:54:00)
Quote (Sgull @ Feb 12 2009 - 13:02:27)
:k:


 
#454985 | Thu - Feb 12 2009 - 14:29:31
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Quote (Norse @ Feb 12 2009 - 13:59:06)
Quote (Vogan @ Feb 12 2009 - 20:55:08)
Quote (HCL @ Feb 12 2009 - 13:54:00)
Quote (Sgull @ Feb 12 2009 - 13:02:27)
:k:


 
#454988 | Thu - Feb 12 2009 - 14:36:38
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So what are you telling me?
 
#455020 | Thu - Feb 12 2009 - 14:58:42
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whats going on here
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