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Thursday, October 9, 2008

Financial crisis: What me worry

Everyone knows that the stock market is taking a nose dive and the outlook for the U.S. Economy looks bleak. Financial panic is spreading across this nation, but is it really that big of a financial crisis? Of course it is, yet bad spending habits die hard. Are people cutting back on things that bring entertainment and small doses of happiness like movies or a starbucks latte? Not so much. Beverly Hills Chihuahua was the number one movie at the box office this week making over 29 million dollars. The movie got awful reviews with a 42 percent rating on Rotten Tomatoes, but still people took their kids to see Paris Hiltons talking purse pets chatter away in bad Hispanic accents. Maybe the majority of those seeing this movie are at the top of the wealth elite in this country, but I highly doubt it.

This is America and we're going to keep paying 6 dollars for Milk duds on our credit cards and seeing bad movies like the upcoming unnecessary High School Musical 3. So suck it Fannie and Freddie, stick it where the sun don't shine Lehman brothers, and hit the road you failed banks like Washington mutual cause main street missed your freeway off ramp of shame. What's another 80 trillion in debt? I'll pay you back tomorrow China I swear it right after the Gap clearance sale ends.

9 comments:

john b said...

You got it Tim! People don't seem to get it! I was in one of those electronics wonderland stores last week picking up a cell charger for work. Big screen LCD's were rolling out the door like you wouldn't believe. It looked like Christmas... on a September Tuesday at 2:00PM. I hope everyone in there was paying cash, but I doubt it. It's sad really, I think things are going to get a whole lot worse before they get any better. All these folks who have over extended themselves are going to be in big trouble down the road.

HEALTH NUT WANNABEE MOM said...

It is true that most people won't stop spending until they are tapped out. Fortunately for me I don't have credit cards anymore (been there done that). great post as usual!

ssgreylord said...

i love how you can combine the dire situation our financial state is in with a little dry humor, and still make such an excellent point about spending. thanks, tim, you show you're a man of many talents...

GetSmartGal said...

“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” ~Thomas Jefferson

Kimmylyn said...

Dang.. I was at Gap clearance yesterday.. LOL I KID I KID.. it is so true.. great post..

PS.. blog rolling is still down.. I will get you up there.. :)

Eve Grey said...

We are all addicted to spending!!! We're headed to a recession here in Canada and the mall parking lots are still full. It drives me nuts!

Momo Fali said...

I think that movie being number one again, just proves people are sick and tired of serious stuff. Thank goodness there are blogs like mine to provide mindless drivel also.

lewp said...

I don't think the average consumer has any idea what depressing news another depression involves. I'm very concerned about our nation and it's financial woes. Perhaps I will post a story about stories of the Great Depression of the 1930's.

Theresa Ayers said...

Isn’t that what makes America great. Our completely self absorbed unrealistic view of the world and our place in it. I mean isn’t that why everyone loves Americans. We the life of the party man….