Understanding the current economic situation - Toyota Yaris Forums

supmet · 02-21-2009, 06:01 PM

Pretty much the entire world started taking stupid pills somewhere in the late 90s.

Banks - giving a $500,000 dollar loan to someone making $40,000 dollars a year is stupid
Car Industry - continuing production on hummers and large trucks when gas hit 4 dollars a gallon is stupid.
Consumers - buying a $500,000 dollar house when you make 40k a year is stupid. buying a hummer when gas is 4 bucks a gallon is stupid.

Talking about government is pointless, and blaming specific politicians or groups is ridiculous. The politicians are just puppets, bought out by corporations. America is a plutocracy/corpocracy. If you think it is a democracy, you haven't even begun to see the problems.

Blame who you want, but there are very few people who didn't play a part in getting us into this mess. No one forced banks to give out retarded loans. No one forced consumers to buy way outside their means. When I was 14 - FOURTEEN YEARS OLD - I saw houses double in price seemingly overnight. I knew something was wrong, and preached to everyone I could about the impending bubble burst. Somehow all PHD economists in the world missed the point a child could see.

The problem now is, the banks are using their last bits of money to control the media into portraying this as the next great depression. I got news for everyone - we have more people and better technology than we did 10-20 years ago. 10% of the population in hot water over bad decisions isn't the end of the world. A lot of dumb people lost a lot of money, yes. Other countries still need our products, and we still have ways to make money. We need to stop giving money to people who let greed get them into this spot, learn our lessons, and move on with our lives. The market will settle itself out eventually, and artificial interference will only prolong the symptoms we are experiencing.

02-21-2009, 06:01 PM	#10
supmet Banned View User's Garage Drives: 2007 4 Door Yaris Join Date: Jan 2009 Location: Southern California Posts: 1,357	Pretty much the entire world started taking stupid pills somewhere in the late 90s. Banks - giving a $500,000 dollar loan to someone making $40,000 dollars a year is stupid Car Industry - continuing production on hummers and large trucks when gas hit 4 dollars a gallon is stupid. Consumers - buying a $500,000 dollar house when you make 40k a year is stupid. buying a hummer when gas is 4 bucks a gallon is stupid. Talking about government is pointless, and blaming specific politicians or groups is ridiculous. The politicians are just puppets, bought out by corporations. America is a plutocracy/corpocracy. If you think it is a democracy, you haven't even begun to see the problems. Blame who you want, but there are very few people who didn't play a part in getting us into this mess. No one forced banks to give out retarded loans. No one forced consumers to buy way outside their means. When I was 14 - FOURTEEN YEARS OLD - I saw houses double in price seemingly overnight. I knew something was wrong, and preached to everyone I could about the impending bubble burst. Somehow all PHD economists in the world missed the point a child could see. The problem now is, the banks are using their last bits of money to control the media into portraying this as the next great depression. I got news for everyone - we have more people and better technology than we did 10-20 years ago. 10% of the population in hot water over bad decisions isn't the end of the world. A lot of dumb people lost a lot of money, yes. Other countries still need our products, and we still have ways to make money. We need to stop giving money to people who let greed get them into this spot, learn our lessons, and move on with our lives. The market will settle itself out eventually, and artificial interference will only prolong the symptoms we are experiencing.