On Sun, 08 Feb 2009 13:39:26 GMT, "Tom Littleton"
wrote:

Also, I give Calif.Bill credit for one part of his argument, the
observations on PERSONAL sacrifice and responsibility. I note that Louie
chose not to respond on that matter, when I brought up the BMW driving food
bank patrons. A great deal of this problem was brought on by the conduct of
the citizenry, and a bit of sacrifice by us all will be needed to get out of
this problem.

Horse caca. The couple with the BMW lost their jobs. Perhaps they
too couldn't afford a BMW, like the homes sold to thousands that
couldn't afford it, via F and F. Remember how excited you were when
you bought your first home? The loan officer at the bank went over
everything about your income and how you could pay for it. And, it
turned out he was right. When F and F got involved with loans they
KNEW the people could not repay, THEY - F and F - were irresponsible.
I agree if the folks borring the money had any modicum of common sense
they wouldn't have entered into the contract. But F and F wanted to
loan them the money, did, and billions have been lost because of it.

The couple with the BMW, Cambodian imigrants, btw, will probably sell
the BMW, or at least they should if they are relying on others to feed
them. They seemed like respectable, honest, hard working people who
are just caught up in the present economical problems.

BTW, today's economy is nowhere near as bad as it was in the lat 70s
when we had double digit inflation, unemployment, and interest rates.
Are you old enough to remember those horrible years under Carter? We
got through those years without trillion dollar "stimulus" packages.

Dave