The problem now seems to be a lack of failure.
I graduated high school in 99, and when I was "in" (kinda sounds like prison ....), I drove a $500 piece of **** Chevy Beretta. But it was mine. I paid for it, I fixed it, I paid the gas and insurance, etc.
Another guy's dad bought him a brand new Trans Am that year. Well, two of them actually, then an Explorer. Why three cars? Because he totaled both Trans Ams in the span of about 5 months.
I ran into this fellow a couple of months ago. Can you guess which one of us is still self sufficient?
My point is, some people simply don't learn unless they are aloud to fall flat on their faces. I stumbled. I made STUPID decisions and choices, ON MY OWN. The key is, I learned from them and did not repeat them. But those same people still learn things when they are propped up. All of these failing executives are learning now that they don't need to make sound business decisions, they dont need to be responsible and accountable to their employees/share holders/the public. Run the company straight into the ground, raping and pillaging all the way, then when you cant go any further, let the government step in to take care of you.
Same with home owners. Listen, certain people are simply not cut out to be home owners. Period. Some have no desire to do the work necessary to maintain a home, some are unable to take on the financial aspect of it, and a lot more are both.
When you work at McDonald's and make $30k a year, you probably dont have any business owning any house, let alone some of the houses that these people somehow "qualified" for. But again, no need to be responsible. The bank says you are "pre-approved" for $300,000?? You could just take $150,000 and get a nice place .... nah, take it all!! You could NOT buy the biggest HD TV you can find, and new $40k SUVs .... but your neighbor has them, so you have to get them too. Don't worry, the government (and through the force of government, I) will be there to bail you out.
It might sound cold, and cruel, and in this wussified culture, insensitive, but I really don't care. I'm tired of success in this country being punished, meanwhile rewarding FAILURE.
Don't think I'm leavng the scum bag politicians out of this. They are as much to blame (on BOTH sides) for pandering and basically buying votes through welfare programs. Unfortunately, as long as we let any idiot continue to vote and make decisions for the rest of us, this is what we get. I'm hungry, and this is getting long.