So, let me just string a few things together: (1) We, as a nation, put ourselves in debt by over-consuming. (2) Financial engineering, one of the U.S.'s primary exportable innovations in recent years, exacerbates this behavior by giving Americans ATM-like access to their home equity. Even sub-prime borrowers were included in the game because their loans could be sliced, diced, and securitized until the risks were well-contained...or so we thought. (3) This house of cards crashes, because nobody, financial wizards included, new how to appropriately price the risks involved. A global financial crisis ensues. (4) To top it all off, three people die--die!--shopping on Black Friday, a 'holiday' whose newly relevant name was supposed to bring hope to our faltering economy. We look like a bunch of idiots.
American consumer: YOU FAIL.
Saturday, November 29
Tuesday, November 25
Sunday, November 23
Tuesday, November 11
Monday, November 10
Worth reading (both the comments on Digg and the original article): "Undeniable proof that Arkansas is a backwards hellhole!!!"
Hate has prevailed...for now.
Hate has prevailed...for now.
Wednesday, November 5
Ahhh...feels good not to be ashamed of our President.
This thread from Reddit says it quite effectively, I believe:
This thread from Reddit says it quite effectively, I believe:
Dear Rest of The World
We didn't f*** it up
Signed,
America
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