Paul Krugman, with The New York Times, wrote the article Revenge of Glut! I agree with Krugman's stance on how we all ended up in this horrid mess.
I just do not understand how long everyone involved really thought they could get away with this. Or maybe they knew it would catch up with them, just not this soon.
Can all the blame really be put off on the bankers and investers though? I think not. It is time for the american people to step up and own responsibilty for their own mistakes. You should know if you only make $10.00 per hour you can not afford a $200,000 home! Wake up, just because the bank is willing to LOAN you the money does not mean you can afford to PAY IT BACK! Yes people a loan is when you borrow money to pay back.
Everytime I go out to eat the places are packed out. You still have to wait to be seated at Olive Garden during lunch throughout the week. Things will turn around, when and only when, the american people realize how serious this thing really is!
