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Date: 07/29/09 10:00 AM

48 Responses to Why You So Mean, Credit Crunch?

  1. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    July 13, 2009 at 8:27 pm
    Link: Why You So Mean, Credit Crunch? - In honor of the US budget deficit hitting $1 Trill for the first time in history recently. Turns out, it`s our fault.
  2. Profile photo of PyroX7
    PyroX7 Male 18-29
    51 posts
    July 29, 2009 at 10:38 am
    God Bless America..
  3. Profile photo of freddyferret
    freddyferret Male 40-49
    11741 posts
    July 29, 2009 at 10:38 am
    That was pretty dumb. I get the point but no one would seriously do that stuff. It was a bad attempt at humor.
  4. Profile photo of The-Sentinel
    The-Sentinel Male 18-29
    1149 posts
    July 29, 2009 at 10:40 am
    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.

  5. Profile photo of maggierose78
    maggierose78 Female 18-29
    688 posts
    July 29, 2009 at 10:42 am
    Ehhh... ... ... Not that interesting, to me.
  6. Profile photo of Itsalwysunny
    Itsalwysunny Male 18-29
    1377 posts
    July 29, 2009 at 11:13 am
    why do all spammers have 10 posts???
  7. Profile photo of hwkiller
    hwkiller Male 18-29
    490 posts
    July 29, 2009 at 11:20 am
    "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.)

  8. Profile photo of DrHorrible
    DrHorrible Male 18-29
    108 posts
    July 29, 2009 at 11:21 am
    @ 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!!!!!! :)

  9. Profile photo of Zepher
    Zepher Female 18-29
    414 posts
    July 29, 2009 at 11:39 am
    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!
  10. Profile photo of Boredered
    Boredered Male 18-29
    2506 posts
    July 29, 2009 at 11:47 am
    what?
  11. Profile photo of duckinfuh
    duckinfuh Male 18-29
    891 posts
    July 29, 2009 at 12:23 pm
    and on that note

    http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff

  12. Profile photo of Dfaulted
    Dfaulted Male 13-17
    1920 posts
    July 29, 2009 at 12:34 pm
    JUST MAKE SURE YOU HAVE MONEY! geeze
  13. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    July 29, 2009 at 12:41 pm
    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.

  14. Profile photo of Guy6870
    Guy6870 Male 13-17
    142 posts
    July 29, 2009 at 12:51 pm
    Don`t you guys read Newsweek? The recession is over
  15. Profile photo of dave32891
    dave32891 Male 18-29
    542 posts
    July 29, 2009 at 1:02 pm
    oh well if Newsweek said it then it`s obviously over
  16. Profile photo of ferdyfred
    ferdyfred Male 40-49
    13631 posts
    July 29, 2009 at 1:18 pm
    Oh really?, dayum, must tell my bossman, he owes me two pay rises
  17. Profile photo of Tay-Dor
    Tay-Dor Male 40-49
    265 posts
    July 29, 2009 at 1:41 pm
    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.)

  18. Profile photo of quaintness
    quaintness Male 13-17
    1086 posts
    July 29, 2009 at 1:49 pm
    Very clever, yes. I throughly enjoyed that. Oh and freddy, it`s called satire, and goverments do it all the time - `cause they can.
  19. Profile photo of quaintness
    quaintness Male 13-17
    1086 posts
    July 29, 2009 at 1:49 pm
    Not the satire of course.
  20. Profile photo of PacoP42
    PacoP42 Male 13-17
    1064 posts
    July 29, 2009 at 1:52 pm
    lol, my mom pulls this sh*t all the time and i tell her to stop but she won`t
  21. Profile photo of eggsnham
    eggsnham Male 13-17
    1140 posts
    July 29, 2009 at 2:03 pm
    i once saw a dude getting into an argument over something in a drug store, i think it was cigs. anyways pretty funny vid
  22. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25420 posts
    July 29, 2009 at 2:15 pm
    Umm . . . I understood the joke but it wasnt funny. I was waiting but the funny bits never came!
  23. Profile photo of bikenutt
    bikenutt Male 30-39
    383 posts
    July 29, 2009 at 2:29 pm
    Well acted...and yes it is our fault.
  24. Profile photo of StudentOfMan
    StudentOfMan Male 40-49
    346 posts
    July 29, 2009 at 2:50 pm
    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...

  25. Profile photo of SuperSmash
    SuperSmash Male 18-29
    3758 posts
    July 29, 2009 at 3:04 pm
    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.
  26. Profile photo of bikenutt
    bikenutt Male 30-39
    383 posts
    July 29, 2009 at 3:30 pm
    Studentofman...damn funny comment old chap lol.
  27. Profile photo of phasoo
    phasoo Male 18-29
    285 posts
    July 29, 2009 at 4:24 pm
    sums it up about right. shouldnt be treating the government like our second set of parents.
  28. Profile photo of AliveoutofSp
    AliveoutofSp Male 18-29
    13 posts
    July 29, 2009 at 4:36 pm
    @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?
  29. Profile photo of elkingo
    elkingo Male 30-39
    5468 posts
    July 29, 2009 at 5:03 pm
    @ 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.

  30. Profile photo of mal_BB
    mal_BB Male 18-29
    1231 posts
    July 29, 2009 at 5:56 pm
    Never a lender nor borrower be...
    The single most important piece of advice i have ever been given.
  31. Profile photo of Khast
    Khast Male 30-39
    183 posts
    July 29, 2009 at 6:50 pm
    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.

  32. Profile photo of SuperSmash
    SuperSmash Male 18-29
    3758 posts
    July 29, 2009 at 6:52 pm
    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.
  33. Profile photo of don11817
    don11817 Male 30-39
    86 posts
    July 29, 2009 at 7:11 pm
    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...

  34. Profile photo of BunnyNaku
    BunnyNaku Female 18-29
    5224 posts
    July 29, 2009 at 7:35 pm
    :P
  35. Profile photo of GVP
    GVP Female 18-29
    507 posts
    July 29, 2009 at 7:37 pm
    Hey, SuperSmash, what`s wrong with Siberia :( they rule!
  36. Profile photo of imogenheep
    imogenheep Male 18-29
    150 posts
    July 29, 2009 at 9:10 pm
    I liked it.
  37. Profile photo of Ste08
    Ste08 Male 18-29
    97 posts
    July 30, 2009 at 12:03 am
    i respect you don11817
  38. Profile photo of heavenly15
    heavenly15 Female 13-17
    965 posts
    July 30, 2009 at 3:43 am
    I think I would like this more if I understood the credit crunch better. I don`t really know much about it.
  39. Profile photo of lukas1051
    lukas1051 Male 18-29
    3426 posts
    July 30, 2009 at 5:03 am
    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.
  40. Profile photo of Pieface90
    Pieface90 Female 13-17
    118 posts
    July 30, 2009 at 8:29 am
    That was confusing, but entertaining for the most part.
  41. Profile photo of kangoala
    kangoala Male 18-29
    702 posts
    July 30, 2009 at 11:58 am
    That was great.
    But realistically, that`s not how simple the cause of the problem is.
  42. Profile photo of SuperSmash
    SuperSmash Male 18-29
    3758 posts
    July 30, 2009 at 7:36 pm
    "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?

  43. Profile photo of toxic1
    toxic1 Female 18-29
    82 posts
    July 30, 2009 at 7:56 pm
    "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,)

  44. Profile photo of snukatoof
    snukatoof Male 18-29
    58 posts
    July 31, 2009 at 12:07 am
    "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

  45. Profile photo of kairobert
    kairobert Male 18-29
    1623 posts
    July 31, 2009 at 3:19 am
    Your economic system fails miserably.
  46. Profile photo of keith2
    keith2 Male 30-39
    2589 posts
    July 31, 2009 at 5:40 am
    nobody needs a credit card.. i`ve always been able to get almost any reasonable thing ever needed/wanted by saving up for it.
  47. Profile photo of keith2
    keith2 Male 30-39
    2589 posts
    July 31, 2009 at 5:43 am
    and STFU lukas, your country`s people are just as spoiled as our brats.
  48. Profile photo of 2353683
    2353683 Female 70 & Over
    178 posts
    July 31, 2009 at 10:05 am
    haggling is not in our culture =(

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