My aunts/sisters all have $1000-$2000 LV, Chanel bags. It is crazy. Some have more than one. They buy jeans that are around $150. The problem is that they all make less than $50K a year. My sister is thinking about buying a Lexus RX350 and trading in her still perfectly running 2004 ES330. Why do they think that they deserve these luxury products?
I don’t know what will happen to this country but I think the economic punishment (in term of inlation and higher taxes) is coming and it will be much worst than most people realize.
And our leaders, man, how many times did you hear Bush says “go out and spend to help the country”?