HA!!! I told you so....

Discussion in 'Current Events' started by PatekPhilippe, May 7, 2010.

  1. PatekPhilippe
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    PatekPhilippe Senior Member

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    Consumer borrowing unexpectedly rises!!!!
    Is getting into tens of thousands of dollars in debt the cure for our ailing economy? Apparently so according to the Fed...the cycle continues....
     
  2. JWBooth
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    JWBooth Gold Member

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    What the hell are these guys getting paid for? Certainly not their expertise. Everything is "unexpected" with them. They dumped billions in funny money into the economy to spur consumer borrowing and spending then are "surprised" when it takes place.
     
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  3. PatekPhilippe
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    PatekPhilippe Senior Member

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  4. saveliberty
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    saveliberty Diamond Member

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    Credit cards...America's answer to crack. Addictive, yet legal.
     
  5. NYcarbineer
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    NYcarbineer Diamond Member

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    Do they count mortgages in that? Car loans?
     
  6. JWBooth
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    JWBooth Gold Member

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    The American people, simply following their government's fiscal example....
     
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  7. PatekPhilippe
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    PatekPhilippe Senior Member

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    Car loans yes...mortgages no. Revolving credit accounts.
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    Yes it would be nice if Americans would not borrow so much money, buy so much crap, and spend beyond their means.

    Unfortunately you have a massive force of multi-billion dollar enterprises taking the other side of that argument, because it's in their interests to get Americans to do the opposite.
     
  9. PatekPhilippe
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    PatekPhilippe Senior Member

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    I would rather see Americans save money than borrow it. Buying things on credit and borrowing from unscrupulous lenders is what got us into trouble...we don't need to see a repeat of this crisis again do we?
     
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  10. Dr.House
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    Dr.House Lives on in syndication!

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    They see Barry and the D's spending money they don't have, so it seems logical to them that they can do it too...


    Barry buys healthscare reform we can't afford and the consumer buys the 60 inch flatscreen they can't afford...
     

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