Tuesday, September 30, 2008

Credit bailout makes no sense to me

Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay. - Charles Dickens

Explain to me why credit is so vital to everything? If I don't have access to fast and loose credit anymore, how is this bad for me? Credit is often misused anyway. People now think that wants are needs (eating-out=need, car=need, education=need, house=need, vacation=need, ) and a good old fashioned recession could correct that misconception. Our real needs are:
  • oxygen
  • hydration
  • nutrition
  • shelter plus basic utilities for water and heat
  • clothing
  • hygiene items
  • medications
  • video games
See how easy that was! pared down to the basics I tell ya.

4 comments:

  1. AnonymousSeptember 30, 2008 at 4:05 PM

    I think Linc would have to agree with you here.

    ReplyDelete
  2. ChristinaOctober 1, 2008 at 5:22 AM

    Show off. Can I substitute piano for video games? And add family, because I need my family, even if I live on the other side of the country!

    ReplyDelete
  3. HillaryOctober 1, 2008 at 9:28 AM

    It makes no sense to me either. Bad decisions = bad consequences. Period. The End. For the people who got loans they couldn't afford and for those who wrote the loans.

    ReplyDelete
  4. JonathanOctober 5, 2008 at 9:16 AM

    That is what caused houses to cost so much. The prices are coming down now.

    ReplyDelete