Erstwhile Hermeneutical Brain Trust: Tony Campolo: Energy, Consumerism, and the Economic Crisis

Wednesday, October 15, 2008

Hutchie Bear said...: "It is popular these days to blame our economic troubles on the greed of corporate CEOs, Wall Street’s manipulators, and government irresponsibility. Few, if any, of us are pointing our fingers back at those of us who live on Main Street. Yet we have to face up to the reality that we are ourselves major culprits in the financial fiasco that has befallen the nation and the world.

Seduced by brilliant advertising, we are a people who have bought into affluent lifestyles that have us living beyond our means. We spend almost all that we earn and save very little.

What is worse is that, with our credit cards and ATM machines, we spend money that we don’t even have—borrowing from hoped-for future earnings."

- Fantastic. Simply we live beyond our means. Whenever i hear the president and congress talk about the need for liquidity so that everyone can get the loans they need i cringe. We need more money flowing so that people can continue to purchase things that they can't afford based on the amount of money we are making? It is assumed you have to do that for college and to buy a house. As terrible as that is already they should cap that. The whole credit system allows people to ruin their lives over getting shiny new things that don't bring a whole lot of joy in the long run.; October 16, 2008 at 7:54 AM

Wednesday, October 15, 2008