Economy, Engineered Collapse?

[damith]

My point of view

My point of view
To find out what is the underlying problem of this financial crisis, one has to go back to the 1800. American people work hard and got paid and as the country went forward new industries were created and American workers’ salaries grew every year accordingly. People had enough money to purchase the things that they want and they enjoyed it very much. Over the years people got so use to it and that “buying power” created one of the most successful economies of our time.
What happened over the past 30 years was that ever increasing salary hikes which were enjoyed by the Americans were either completely stopped or slow downed by the corporate owners. Now that is the first step toward this mess.
Our people got so much use to the practice of buy things and compare one self to his/her neighbor and compete, people could not stop that habit even though they can not afford (remember their salaries aren’t growing as it used to be). Now people have less money so to make more money they started to find ways to get more money. How did they do it? They started working more and more hours, more jobs (I know some people do 3 jobs), found ways perform more, invented equipments to perform more . Now what do we have? We have a population which is over worked, unhealthy, and use over the counter pills for god know what illness and employers who enjoy ever growing profits due to increased production.
In the meantime lending, credits, and credits card companies come to the pictures. These companies provided a way to the American people to continue their buying habits even though now people can not afford. Now people started working more, and more hours ever before to keep up with mortgages, credit card bills, loan payments.,,ect. In the process, people accumulated so much debt now there is no way they can pay back because there is no way we can earn more money. Why because, people reached their maximum limit of how many hours they can perform their duties on a day (24h a day and how much one can work right?)
This is where we are right now. We can not pay the banks, and banks have no money, therefore banks file bankruptcy (the easy way out) and we have a government which is struggling to come up with a solution.
So who is to blame?
I think 85% of the blame should go to the greedy corporations which only cared about their profits and completely forgot about the well-being of its employees.

[rwh11385]

I am working feverishly at finding one.

* i DO however collect unemployment... potential price?

$17,500 is not an acceptable price!

[Farbin Kaiber]

If you had a job, I know of someone selling potentially...

* no mice included, just spiders

I am working feverishly at finding one.

* i DO however collect unemployment... potential price?

[rwh11385]

And still only 8 miles in my e30. I think I need to buy another one.

* still unemployeed, I'm sure there is a joke there somewhere

If you had a job, I know of someone selling potentially...

* no mice included, just spiders

[Aptyp]

I'd rip you for many reasons, but unemployment sucks. Especially in a thread about collapsing economy.

[Farbin Kaiber]

You're quickly on your way to 10,000 posts, I would hope some were winners.

And still only 8 miles in my e30. I think I need to buy another one.

* still unemployeed, I'm sure there is a joke there somewhere

[rwh11385]

Law of Averages, every once and a while I'm bound to pull something off.

You're quickly on your way to 10,000 posts, I would hope some were winners.

* for anyone from the South, please recognize the proper use of "you're" and "your"

[Farbin Kaiber]

roffle. that's it, Farbin's stock is rising in my book - you're coming off my ignore list.

Law of Averages, every once and a while I'm bound to pull something off.

[rwh11385]

Wow you can use spell check good for you I had firefox once too.

Last time I checked, Firefox does not have grammar check... or it would give your "sentence" a green underline for sure.

[rwh11385]

But he soley repealed fedral law in Austin. Give him a break.

roffle. that's it, Farbin's stock is rising in my book - you're coming off my ignore list.

[homegrone30]

But he soley repealed fedral law in Austin. Give him a break.

Actually Alex Jones soley repealed the patriot act.

[Farbin Kaiber]

Wow you can use spell check good for you I had firefox once too.

I form good sentences in IE7.

[homegrone30]

Wow you can use spell check good for you I had firefox once too.

[Farbin Kaiber]

I'm happy to say I have a superior ability to form proper English sentences as opposed to your run-on drivel.

But he soley repealed fedral law in Austin. Give him a break.

[rwh11385]

Wow I missed out on alot....
But really who turned this into a pissing contest over our fucked up government? rwh11385 dont judge people soley because were from the south that has nothing to do with anything, if anything your more of an ignorant asshole for that. Im proud to say that I live in a city that the patriot act is null and void. (do a little research any city can throw out any federal law) And if you want to chalk that up to being an stoned inbred redneck thats fine you are entitled to your opinion. So you can sit back and believe all this is bullshit and mabey it is, but when we go into a state of martial law you can get rounded up with the rest of the herd and walk your ass to the slaughter house.But im going to stay right where im at, you all have seen my gun collection Im not going without a fight.

I'm happy to say I have a superior ability to form proper English sentences as opposed to your run-on drivel.