Thread: One year and -4,906 points later
10-09-2008, 08:37 PM
You play the Mr. Geeko Casino - I'll play the beach rental. ;)At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
- Join Date
- May 2008
- In my own private Alamo on The Mountain in Georgia
10-10-2008, 03:57 PMBe Not Afraid.
10-10-2008, 04:00 PM
10-10-2008, 06:53 PM
Back in the early 50’s it was just Diners Club and other than cash, it was the only way you could pay your tab at most restaurants.
Then the gasoline and department store charge cards came along - soon followed by Visa and Mastercard. People looked for that little sticker in the window of shops or restaurants and made a big deal of impressing their friends when they took them out for dinner and dropped that little piece of plastic in the tray.
Eventually, credit cards could be used for many food and household items, at the super market and the ‘just one more thing I need’ impulse started. "Brew 102? Nah - get Bud. Oh, chips are on sale. And of course we’ll need some dip. But that wasn’t on Mom’s list! That’s okay - we’ll just put it on the card."
Then fast food started the same sales driven cycle. Even at the drive-thru. "You want cash back with that? Sure!" And so on and so on and so on.
Finally, we arrived at the home owner’s "Credit Line" portion of our program. "Mom, would you like a new $50,000 kitchen? No - that’s too nice for me. Come on Honey, you deserve it after all these years of raising the kids, and besides - I can pick up the plasma screen I’ve always wanted (needed)."
That’s how we got here - from there, and Wall Street was playing its own game all along and encouraging the same idiotic irresponsibility in their part of the universe.
The president encouraged us to go right out and shop after 9/11 - and we did. And then he followed suit - blowing a trillion - chasing down and killing the bad man that tried to kill his Daddy.
And now the Piper has come for payment.
GoldwaterGuest10-10-2008, 08:38 PM
Businessmen are not at fault, they just got drunk on the low interest rates that led to this. The huge debt and inability for any government to balance a budget also helped fuel the fire.
10-10-2008, 09:02 PM
- Join Date
- May 2008
Like LP said, the American taxpayer and business's needs to get back to reality that the good times will never last forever. Saving for a rainy day and paying cash is foreign to most people and business's.
10-10-2008, 09:38 PM
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