Politics
Out of context: Reply #5769
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One thing that struck me the wrong way about Obama's address was the fact that he kept talking about loosening up credit and lending. I understand this is a fundamental to a strong economy, but wasn't loose lending promoted by the dems (Community Redevelopment Act and others) a major factor in this whole crisis? He made specific comments on young couples buying their first home, or people getting loans for cars......how about saving your money and not overspending? I fear that the message being sent is not a good one. I am concerned that Americans will continue to live off credit and live outside their means. We need to get off this pipe dream that being "American" entitles us to a nice home, cars, piles of useless gadgets and other material junk that we don't need, and can't afford. End consumerism. The ever-expanding consumption of goods on plastic money(aka credit) is not advantageous to the economy.
In some sense I feel like we have been given a healthy reality check that our current way of living cannot continue...in another sense I feel like the government is sending the opposite message by their actions.