Why You So Mean, Credit Crunch?

Submitted by: davymid 8 years ago in

In honor of the US budget deficit hitting $1 Trill for the first time in history recently. Turns out, it"s our fault.
There are 48 comments:
Female 178
haggling is not in our culture =(
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Male 2,591
and STFU lukas, your country`s people are just as spoiled as our brats.
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Male 2,591
nobody needs a credit card.. i`ve always been able to get almost any reasonable thing ever needed/wanted by saving up for it.
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Male 1,623
Your economic system fails miserably.
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Male 58
"The USA still has way too much money for it`s own good. People moaning because they have to move out of their 5 bedroom suburban detached house to a 4 bedroom semi-detached or because they can only afford an Xbox360 instead of a PS3. Big deal. Seriously, you got is easy compared to most other countries in the world. I mean we aren`t exactly starving in Britain, but middle class people are still losing their jobs and housing."

Good job.. Fact is, there is no middle class in the states... one is either upper or lower nowadays. Those that have the 5 bedroom suburban or better are actually having a pretty good time not worrying about a damn thing, while the rest of the country is scrounging to keep a roof over their heads and food on the table. I live in Forbes magazines` worst rated economy small city three months in a row, with friends that are college graduates unable to get a job stocking groceries on third shift.

You make comments you know nothing about.
Who wants

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Female 82
"The USA still has way too much money for it`s own good. People moaning because they have to move out of their 5 bedroom suburban detached house to a 4 bedroom semi-detached or because they can only afford an Xbox360 instead of a PS3. Big deal. Seriously, you got is easy compared to most other countries in the world. I mean we aren`t exactly starving in Britain, but middle class people are still losing their jobs and housing."

WoW-jealous much???? That`s how you sound like a jealous little child. ummm-the unemployment rate where I live is 11%. I have my masters degree and have been unemployed for three months. I can`t even get minimum wage jobs and I am facing losing my car and maybe my home. Yeah...I`m a real big baby. Although I still have it way better than some, I don`t go hungry. When I hear people from other countries make comments like that-I find it disgusting. (and it sounds like jealously to me,)

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Male 3,755
"The USA still has way too much money for it`s own good. People moaning because they have to move out of their 5 bedroom suburban detached house to a 4 bedroom semi-detached or because they can only afford an Xbox360 instead of a PS3. Big deal. Seriously, you got is easy compared to most other countries in the world. I mean we aren`t exactly starving in Britain, but middle class people are still losing their jobs and housing."

First of all, how do you know? Second, no offense, but that`s pretty moronic statement. You`re right we really shouldn`t be complaining because we`re still better of than most, but you negated your whole comment with the last sentence. What do you think`s going on here? We`re keeping our houses and not losing jobs?

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Male 702
That was great.
But realistically, that`s not how simple the cause of the problem is.
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Female 118
That was confusing, but entertaining for the most part.
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Male 3,425
The USA still has way too much money for it`s own good. People moaning because they have to move out of their 5 bedroom suburban detached house to a 4 bedroom semi-detached or because they can only afford an Xbox360 instead of a PS3. Big deal. Seriously, you got is easy compared to most other countries in the world. I mean we aren`t exactly starving in Britain, but middle class people are still losing their jobs and housing.
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Female 965
I think I would like this more if I understood the credit crunch better. I don`t really know much about it.
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Male 97
i respect you don11817
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Male 150
I liked it.
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Female 507
Hey, SuperSmash, what`s wrong with Siberia :( they rule!
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Female 5,222
:P
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Male 86
I have no debt. No Credit Cards. No house payment. No car loans. No Medical--just my daily living expenses. However, because the economy has taken a serious dive, my industry (Electrical construction) has come to a near screeching halt as builders, developers etc. cannot obtain financing to start or complete their projects. So, I am directly affected because my income has taken a sharp hit. Where`s my bailout? I have done everything right--no debt, I have paid off over $1million in assets in the last 15 years--2 houses, 4 cars and medical bills for my parents an family... I need help making my monthly bills-- but guess what--I don;t qualify. I`ve been too good. If I had a few charge-offs, a bankruptcy and maybe a a ARM on my house I could get all the assistance you would ever want--but because I have refused to live that way I can`t get a ounce of help.

Guess what? I don`t want any help either. I will continue to thrive in spite of all this...

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Male 3,755
AliveoutofSp, I agree that some people were just innocent victims of a huge recession. But, many of those innocent victims can blame other people who fell for a A.R.M. without doing any of the math themselves or understanding how things like that work. So, greed + stupidity = giant recession. Among other factors, of course.
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Male 182
Don`t blame me, I don`t have credit, and after the last time, I don`t want another, thank you. Complete waste of money.

If you want something bad enough, save up for it. You will pay less in the end.

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Male 1,231
Never a lender nor borrower be...
The single most important piece of advice i have ever been given.
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Male 5,620
@ AliveoutofSp: Bull. I have been building houses for 14 years now. The last 3 before the credit crunch people started building houses they could not afford. Like the librarian married to a forest ranger (combined income 65k a year), who built a house that costs 750k. The house payments were 2549 a month. It took his ENTIRE paycheck to make the monthly payments.

They lost the house. Surprise Surprise. I have seen this over and over. People just want a big fancy house that compares to the neighbor`s. (By the way that is a sin, "thou shalt not covet".)

If people would have tried to live at what they could afford as opposed to what they wanted to have because the neighbor has something better, you would still be assembling the regular old made in China crap you was before the slump.

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Male 13
@SuperSmash-
It`s not so much that they couldn`t afford a house (believe me, were I to buy a house, I`d make sure it was within budget before closing), it`s just the recession hit, and hit hard. The people that were able to afford nice things previously, can`t.
And my job is directly affected...I assemble stuff as a 3rd party `contractor` for large retail stores, and it hit so bad I had to move back in with my Dad. F*ckin` lame, huh?
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Male 285
sums it up about right. shouldnt be treating the government like our second set of parents.
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Male 382
Studentofman...damn funny comment old chap lol.
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Male 3,755
That`s good stuff. If you`re one of the morons who bought a house you knew you couldn`t afford you should be shipped off to Siberia.
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Male 345
Seems about right. I dunno FatNinja01, I always laugh at people like that.

It`s just like watching some guy being interviewed who intends on jumping 30 cars on a lawnmower, you know he doesn`t have a clue, you know if he actually gave it some thought he wouldn`t do it, you know he`s gonna fail, but god it`s fun to watch them flipping across the ground knowing every hit, ever snap, every thud is accompanied by grave regret...

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Male 382
Well acted...and yes it is our fault.
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Male 25,416
Umm . . . I understood the joke but it wasnt funny. I was waiting but the funny bits never came!
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Male 1,140
i once saw a dude getting into an argument over something in a drug store, i think it was cigs. anyways pretty funny vid
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Male 1,064
lol, my mom pulls this sh*t all the time and i tell her to stop but she won`t
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Male 1,086
Not the satire of course.
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Male 1,086
Very clever, yes. I throughly enjoyed that. Oh and freddy, it`s called satire, and goverments do it all the time - `cause they can.
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Male 265
america has bad credit and a black man is in the white house. Go figure.

(pfft..it`s funny..maybe racist, but screw you if ya can`t take a joke.)

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Male 13,630
Oh really?, dayum, must tell my bossman, he owes me two pay rises
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Male 541
oh well if Newsweek said it then it`s obviously over
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Male 142
Don`t you guys read Newsweek? The recession is over
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Male 2,440
The government does the same thing.

"Oh damn. The economy is in the crapper and we`re up to our eyeballs in debt? Hmmmmm, let`s spend even more and keep saying that we need to do it! Why be fiscally responsible when you can spend like there`s no tomorrow and give the debt to the next generation?"

Thank you, Washington D.C., for spending more than you have, wasting my tax dollars on programs that are complete sinkholes, and for disregarding the Constitution.

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Male 1,918
JUST MAKE SURE YOU HAVE MONEY! geeze
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Male 891
Male 2,506
what?
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Female 414
Whatever happened to living in a capitalist economy? Where the government didn`t help huge businesses bail out. No one takes responsibility for their own actions any more. And then hard working people can`t find jobs, and end up homeless... go me!
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Male 108
@ freddtferret - Actually, people do. I work at a smoke shop and people try to talk me down in price for our products ALL the time. I`ve had people ask for cartons at $35 when they`re $50, people try and offer me $12 on a $20 glass pipe, and even people who want to grab a beer and "I`ll get you tomorrow".

Saying no one would seriously do this just tells me you don`t work in retail. People are always trying to pay less than what the tag says.

However, it also tells me that *you* don`t do that, and for that - THANK YOU!!!!!! :)

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Male 490
"That was pretty dumb. I get the point but no one would seriously do that stuff. It was a bad attempt at humor."

Are you sure you get it?
Do you know what humor is? I wasn`t aware it had to involve realistic situations.

The video portrays AT LEAST this:
How no other business or institution would allow such a ridiculous credit system, but the financial district had no issues giving out loans to very unreliable people. (And then the financial district froze, leading to our lovely economy as is now.)

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Male 1,375
why do all spammers have 10 posts???
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Female 688
Ehhh... ... ... Not that interesting, to me.
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Male 1,148
Yup. That`s pretty much how it happened.

There was a huge boom before the recession, but it was just hot air so to speak.

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Male 11,739
That was pretty dumb. I get the point but no one would seriously do that stuff. It was a bad attempt at humor.
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Male 51
God Bless America..
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Male 12,138
Link: Why You So Mean, Credit Crunch? [Rate Link] - In honor of the US budget deficit hitting $1 Trill for the first time in history recently. Turns out, it`s our fault.
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