04-11-2008, 08:14 PM
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lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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Quote:
Originally Posted by Pleasurepays
"everyone wants Capitalism when they think it works and Socialism when they think it doesn't"
1) credit card companies dont just arbitrarily raise rates (double them) "just because they feel like it" .... only a moron would make a remark like that to make a point about broader economic issues.
2) jobs offshore? its a global economy. adapt or die. you can't subsidize buggy whips just because you are losing to cars. the choice is to remain competitive or lose. end of story.
3) losing their houses? really? did something happen that they didn't agree to in a massively long contract and process that takes days to go through?
God forbid the United States of America look to free markets and the ingenuity of people to solve problems.... and please... please... lets not hold individuals accountable for buying homes they couldn't afford and the fact that no one feels they can live without absurd amounts of debt.

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http://abcnews.go.com/WNT/FinancialS...=129664&page=1
http://www.creditbloggers.com/2008/0...aack-bank.html
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