Sunday, September 28, 2008

More on the financial mess

"many would never have gotten homes they couldn't afford if lending standards had been reasonable, and "exotic" mortgages hadn't been vogue."

"Anybody remember decades ago, when -- gasp! horrors! -- children sometimes shared bedrooms, fought over one TV (or in later years, one computer), and the typical family home had only one or one-and-a-half bathrooms?"

I guess some people must think that sounds like living in the woods or something, huh? When did we all go nuts?

We may be in for one giant economic spanking, but I kind of suspect it's deserved and will happen eventually, regardless.

"How much would our economy have grown since 2001 without all the debt-fueled spending? I feel like the real message right now is that the party's over, but nobody wants it to be."

It is best we get the spanking over with so we can move forward from the realistic solid foundation. Hopefully in a few years I want remeber the spanking!

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