Re: Mr. now and Mr.Later

Posted by paul on November 20, 2008 at 07:42:00 from (66.60.197.219):

In Reply to: Re: Mr. now and Mr.Later posted by tlak on November 20, 2008 at 02:13:55:

You think things will get better?

The new guy will say, well, things weren't this bad when I was campaigning, have to forget about all my campaign promises, taxes need to go up up up.

Congress will be busy blaming the other party & do - nothing.

We are on our own. We all knew there were bubbles in the ecconomy; housing does not go up in value every year in double digit inflation. Grain prices do not triple in price in a 18 months without repercussions. Loans to people who can't afford to pay them back will have repercussions. Wall Street will generally inflate in value, but there are always corrections every 20 years or so. Part of this is way back on the internet/tech bubble from long ago. We thought we had easy money.

Duh.

You & I should know those simple things, and not join the crowd like lemmings to the sea.

We shoulda curbed the inflating house values 5 years ago. Congress decided to spur them higher.

We all know that will not work forever. Some folks took care of themselves & prepared for that. Most folks cheered it on higher & higher....

It's you & I & our neighbor. We need to live our lives, and be aware of what is going on around us, take care of ourselves.

Blaming one person? That is silly. That is just anger & frustration because you were not taking care of yourself like you should have.

I say congress let us down; but I'm not gonna BLAME them for any ills coming along. It is just natural market reactions to what all we - you & I & the next fella - have been doing the past decade or 2.

It's our fault. Congress coulda stood up & gentley helped correct it over the decades - but folks like you woulda pissed & moaned about that, wanted the cheap pretend loans, etc. and would not have allowed it. (Or if you think the Pres coulda done something - folks would not have allowed that to happen - same story!)

Well, now here we are, gotta deal with our mess. We loaned too much money to those who didn't deserve a loan; we bid housing & housing materials too high because we were greedy; we put more & more savings into investements that were really pyrimid schemes, not sound investments. We went for the big easy bucks, and it is coming home to roost.

You & I, bud, you & I. The president didn't give or take nothing from me. You & I did.

Congress has some power to regulate all of the above, and did nothing about it - as usual, I don't expect any more from them.

It's easy to just hate on one person, and pretend that is the root of all evil. It is much harder to be responsible for yourself, and own up to your own actions, and take care of your own messes. Hating on one person is the easy way out. Not my fault, it's all because of.....

Yea, right.

--->Paul

Replies:

• Re: Mr. now and Mr.Later tlak 11:00:00 11/20/08 (0)
• Re: Mr. now and Mr.Later trucker40 10:59:32 11/20/08 (0)

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