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about today's economy

I luv Calvin and Hobbs.

Originally posted by Doom and Gloom
about today's economy



The cartoon will be funny after this shit passes.

It's funny now cause thats how it is/ was and theres nothing us normal people can do.

'Normal' people can stop going into frigging debt all the time to pay for luxuries and holidays.

Originally posted by Ushgarak
'Normal' people can stop going tinto friggign debt all the time to pay for luxuries and holidays.

It's true.
But when i said normal i didn't include morons in that

but i see what you mean.

i like how it has that "lemon Socialism" double entendre

Originally posted by Ushgarak
'Normal' people can stop going into friggign debt all the time to pay for luxuries and holidays.

Well said...I'm suffering now because of idiots who've borrowed far too much money despite my only debt being my student loan.

Originally posted by jaden101
Well said...I'm suffering now because of idiots who've borrowed far too much money despite my only debt being my student loan.

Maybe you shouldn't have taken out a student loan?

You shouldn't act so high and mighty as if you are smarter than all those people who were "hoodwinked" essentially by companies promising amazing rates and deals.

Your arrogance blinds you Master Jaden.

Originally posted by bogen
It's funny now cause thats how it is/ was and theres nothing us normal people can do. This cartoon includes "normal" people as well, as employees.

Originally posted by Grand-Moff-Gav
You shouldn't act so high and mighty as if you are smarter than all those people who were "hoodwinked" essentially by companies promising amazing rates and deals.
All it would take is some small analysis to see those amazing rates weren't so amazing.

no one forced them?..lol.. you are not married are u boss dude?

Originally posted by Ushgarak


By agreeing to take the loan, the people were agreeing to owe the bank money. No-one forced them.

You are absolutely right, but tell me, why should the government force them to pay it back? On the same note no one forced the bank to lend the money.

I like that but I feel an ouch coming on..lol..

Originally posted by Doom and Gloom
\why should the government force them to pay it back?

binding contractual agreements

Originally posted by Grand-Moff-Gav
Maybe you shouldn't have taken out a student loan?

You shouldn't act so high and mighty as if you are smarter than all those people who were "hoodwinked" essentially by companies promising amazing rates and deals.

Your arrogance blinds you Master Jaden.

I have no idea what his case is all about. However, I'm about to pay off my wife's student loan. We had no problems and it was really really awesome doing business with them. NO problems: they gave us random rate reductions for paying on tim, When we over paid by $1000 (on purpose), they gave a 12 month break off the loan, we could always pay online, and they were very prompt in sending us our tax documents.

So Jaden must have gotten into business with some real dicks.

ahh this was the thread...umm what I said in the other thread? ahh who cares Im starting to see double keyboards...almost naptime...but about tax documents I no longer receive mine from direct wtf?...oh well..Im on unemployment they might get $10 next month..lol

Originally posted by Doom and Gloom
You are absolutely right, but tell me, why should the government force them to pay it back? On the same note no one forced the bank to lend the money.

Totallly irrelevant- as said, it's a simple contractual agreement. Your comment imples that people should just be able to take free money from banks, which frankly makes banking a somewhat less than desierable sector.

so much discussions for a 15 year old toon.

Originally posted by Ushgarak

It is ridiculous to try and remove the responsibility from those who borrowed beyond their means, and a heck of a lot of 'normal' people did that to buy stuff they did not need. It was simple greed and hedonism. Yes, the banks encouraged it, but it takes two to tango.

The banks lent money to people whom they should have known were in danger of default. People making $50,000 a year should not be able to get a loan for a $400,000 to $500,000 house but just a few years ago that was commonplace here in Las Vegas. We now have the highest forclosure rate in the US and as a result a housing crash of almost biblical proportions.

Along the same line people making $30,000 a year, or even less, should not have multiple credit cards with a combine credit limit higher than their annual salary, yet this is commonplace also.

Now with the economy bad and people ubable to pay the banks a crying foul and running to the government for a taxpayer funded bailout which will eventually spur hyperinflation and peobably crash the US dollar as well while doing nothing to spur the economy which is continuing to degrade.

So...who's the real villian here? As you say, it takes two to tango but the larger blame has to lie with the banks, who should be allowed to fail for their bad risk.

bump

Stupidity on every end of the spectrum caused it.

Originally posted by The Dark Cloud
The banks lent money to people whom they should have known were in danger of default. People making $50,000 a year should not be able to get a loan for a $400,000 to $500,000 house but just a few years ago that was commonplace here in Las Vegas. We now have the highest forclosure rate in the US and as a result a housing crash of almost biblical proportions.

Along the same line people making $30,000 a year, or even less, should not have multiple credit cards with a combine credit limit higher than their annual salary, yet this is commonplace also.

Now with the economy bad and people ubable to pay the banks a crying foul and running to the government for a taxpayer funded bailout which will eventually spur hyperinflation and peobably crash the US dollar as well while doing nothing to spur the economy which is continuing to degrade.

So...who's the real villian here? As you say, it takes two to tango but the larger blame has to lie with the banks, who should be allowed to fail for their bad risk.

Relax, Obama's gonna fix it up right.