As I've said for years, America needed an enema. And boy, are they getting one.
People equated debt with wealth. America became a nation of spenders and not savers. Houses became lottery tickets and not homes. Frugality and live-within-your-means were seen as laughable traits. Poor people thought they should and could live like rock stars. Payola to Congress became the accepted. Liars were quoted in the MSM as if they were truthtellers, and truthtellers were portrayed as liars. Keeping up with the neighbors became a consuming passion, instead of helping the neighbors. And a nation sold out its morality and reputation for a quick buck.
And then the Great Housing Crash hit.
And hopefully, everything changed.
So, what good will come about because of this economic collapse? What lessons will be learned? What behavior will change?
October 20, 2008
Redemption. Reform. Renewal. Change. It may be too early to see now but good things will come out of this Great Unwinding. What will they be?
Posted by blogger at 10/20/2008