Sometimes, I am amazed at how short sighted people are. In addition to being short sighted, some people are very selfish and lack any personal responsibility. A perfect example of this is the video clip below.
According to these idiots, if you purchase something on credit and it begins to depreciate, you should stop paying the loan back. This is totally broken logic. People today are trying to keep up with the other guy and spend way more money than they have.
I believe this attitude and behavior is going to collapse the economy. I think we are safe for another 6-12 months but it could get really bad by the winter of 2009. Below is some food for thought.
John.
them are some good ole cali-forninans there