We are partially to blame for the problems today. Too many people spend beyond their limits.
I can understand going in debt to buy a house....but don't go beyond what you can afford comfortably. Someone will be approved for a 400k loan and they want the 500k or 600k house
I can understand going in debt to buy a car... again don't go beyond what you can afford. If you can get a new Nissan Sentra... don't push for the Nissan 350z
Too many people put shit on credit instead of waiting until they can afford it without using credit. Delayed gratification people... hello
Why do you think stores put offers out saying don't pay until 2010.... they want you to go in debt and get you to buy so they can stay in business.
It's fucking simple.... stop trying to keep up with everyone else and buy what you can afford.
As far as this whole bailout situation....
It is setting a bad precedent. Let a company make bad business decisions without fear because our tax dollars will save them.
AIG is given what 80 billion and they go on a $500,000 vacation
AIG gets another 60 billion and they go on another $300,000 vacation
Our money paying for a company that made bad business decisions
Now the car makers are crying. I understand the number of jobs on the line and it makes me sick that the situation is there but there is a reason why they can't compete with the other car makers.... higher overhead, lower quality, higher vehicle cost, to name a few.
I don't think helping the car makers will fix the problem, it will only prolong the inevitable.
Should we help Circuit City too because they owe Hewlett-Packard Co 118 million? Help them because they owe 116 million to Samsung? Help them pay the 60 million they owe to Sony.
Where does it end?
I don't pretend to know it all but that is my
