rudyrsr8 said:
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You have no idea what you're talking about. You sound like you just repeated what some talking head told you on TV. I love when people quote the "low unemployment" as a sign that the economy is doing well. Most misleading statistic ever. Fact of the matter is, yes, "new jobs" are being added every month; but if you pay close attention to what these jobs are, you'll see they're very basic "service" jobs for the most part. These jobs are not very stable and don't exactly pay well, which many of the jobs these jobs are replacing did pay well (ever wonder why things go overseas? Because it's actually cheaper, despite all the energy costs for shipping, to make products overseas. Why? well, we don't have pay them anything near what the American workers were getting paid before they moved the jobs overseas). My point is this: yes new jobs are being added very regularly. But the jobs suck ass and don't pay anything like the jobs they replaced did. It's a misleading statistic because what is really happening is the middle class is disappearing and people are living above their means majorly (next topic).
The "sub-prime situation" is really not the issue here. It's really more of a side-effect of the real problem: Severe over-spending. It has been a big problem for a long time in this country, and the country still has a problem with it. When you're spending more money then you're making/brining in, of course there are going to be problems. Finally, though, after years of this behavior it's starting to catch up to people. A good deal of these people that have been living way above their means realize they can't keep that pace up for too long. Or these people are being forced to stop their behavior (foreclosures, for example). There are still tons of people over-spending though and living above what they make; and these people far outweigh the people that realize they can't keep living at that spending pace. I'm sorry if you don't see this happening, but it is a problem.
Can you really blame the people doing this though? It's just part of our culture to consume and spend. We have all been raised that way, and have been fed commercials telling us why we need to buy things our entire lives. It's hard to convince someone to not get something when "everyone else" is getting that stuff (thing is, everyone else can't afford it either...vicious cycle). Now that the middle class is disappearing, though, we're finally seeing the effects. People can't afford that lifestyle anymore, and this is why things like sub-prime fiasco have occurred. I hope things improve soon though because I don't like it one bit.
