“…why don’t people understand that this is not simply a situation where we can bailout the ‘bad banks’ and then all is sweetness and light …”
For exactly the same reasons they believed that house prices would appreciate forever and well beyond income levels. Take a good look around you and ask someone what their definition of inflation is and listen carefully to their answer. Then ask them about their favorite football or baseball team. See how much they know about it and how passionate they are. Alternatively, ask them about their favorite TV shows.
That is your answer…..we have grown weak and soft as a voting public. We are no longer represented in Washington. Every MF’er who voted for this bailout needs to be ousted immediately or at least voted out of office.
