September 25 2008

The USA is Going Broke Because We’re Stupid

The current financial crises has me thinking about my food storage. I’m watching CNN right now, and my feelings reflect what the nation is feeling – anger, and some fear. The three main causes of this mess:

  1. Deregulation
  2. Greedy lenders
  3. Stupid borrowers

I can’t believe we’re all paying for this stupidity of the few. Now were seeing a stalling, power play in Congress while they agree on a bailout plan, which of course adds to my anger.  They’re still arguing over whether these corporate executives get a golden parachute? How about a jail sentence instead?

It seemed impossible that our global image could drop any farther, but then we decided to wreck the word’s economy. Wonderful.

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