Quote:
Originally Posted by Frank Lee
I know people would like for the "bubbles" of this or that (.com, housing, whatever) to be the normal, but that isn't realistic. From time to time, living beyond one's means (from the smallest micro level to the biggest macro) catches up with 'em and things have to balance out. I think we've been living on credit and other forms of borrowed time for long enough that a correction is both necessary and good.
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I do agree with you on this. Personal responsibility has been absent for too long. The nanny-state type legislation does have much to do with this. We are animals, and nature seeks path of least resistance. Politicians use irresponsibility as the "candy" in front of the baby. The banks and some business have also done the same.