DesolateCarnage.net
Members
|
Search
Hey Guest
Options Menu
DC Forums
→
General Archive - 2009
→ Quick Blame The Victim
Quick Blame The Victim
Archived | Views: 1394 | Replies: 7 | Started 15 years, 8 months ago
#454956 |
Thu - Feb 12 2009 - 12:53:04
HCL
Group: Guest
Posts: 2,404
Joined: Oct 7 2008
Contact:
Offline
PM
Points
:
113.43
Warn: 10%
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
Sgull
Group: Members
Posts: 60,630
Joined: Aug 30 2006
Contact:
Offline
PM
Points
:
75,457.20
#454971 |
Thu - Feb 12 2009 - 13:54:00
HCL
Group: Guest
Posts: 2,404
Joined: Oct 7 2008
Contact:
Offline
PM
Points
:
113.43
Warn: 10%
Quote (Sgull @ Feb 12 2009 - 13:02:27)
#454975 |
Thu - Feb 12 2009 - 13:55:08
Vogan
Group: Members
Posts: 30,246
Joined: Oct 5 2007
Contact:
Offline
PM
Points
:
3,287.80
Quote (HCL @ Feb 12 2009 - 13:54:00)
Quote (Sgull @ Feb 12 2009 - 13:02:27)
#454980 |
Thu - Feb 12 2009 - 13:59:06
Norse
Group: Guest
Posts: 11,851
Joined: Feb 2 2009
Contact:
Offline
PM
Points
:
3,248.50
Quote (Vogan @ Feb 12 2009 - 20:55:08)
Quote (HCL @ Feb 12 2009 - 13:54:00)
Quote (Sgull @ Feb 12 2009 - 13:02:27)
#454985 |
Thu - Feb 12 2009 - 14:29:31
BBQ
Group: Members
Posts: 7,812
Joined: Feb 24 2008
Contact:
Offline
PM
Points
:
2,703.25
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)
#454988 |
Thu - Feb 12 2009 - 14:36:38
xstakemx
Group: Members
Posts: 50,465
Joined: Mar 29 2008
Contact:
Offline
PM
Points
:
9,628.10
So what are you telling me?
#455020 |
Thu - Feb 12 2009 - 14:58:42
___
Group: Members
Posts: 26,993
Joined: Aug 30 2006
Contact:
Offline
PM
Points
:
1,959.57
whats going on here
Archived | Views: 1394 | Replies: 7 |
General Archive - 2009 Topic List
Quit the Internet
DC Forums powered by
___
and
3rror.org
© 2006-2015