Dead on! But I do agree with another poster it isn't just limited to liberals. It's across the board. Now if we could only teach people common sense and personal responsibility. Is it that hard to read the mortgage agreement? How about creating a household buget to make sure you will be able to afford the payments over the next 30 years? Or one of my all time favorites. Let's pay off the family cars with the equity in our house, only to trade them in tomorrow and buy brand spanking new ones. Forget the fact that we were completely upside down in the loans and we are now holding that debt in our mortgage!

Nice post SWWeiss.
Used to be the logic was to save for what you needed. Requires thought and planning. Now the logic is "you've got to owe before you own'. So just go sign for it now, and worry later. It is officially later.
Being a car guy, I have seen this:
Used to be when you saw a guy in a Cadillac, you knew he had something on the ball. Now it's "sign and drive". And everyone wants a new car.
If you can't save up a down payment, what makes you think you deserve a new car? Nothing really shameful about driving an older model, except in the fevered imaginings portrayed by madison avenue. You know the ones. You'll undoubtably have all kinds of hip friends and hot dates if you simply buy a new car. A modern car should go 200,000 with normal maintenance, and a few notable bills. Do you really require a new car, or is vanity talking?
I have never had a new car, never plan to get one. You would be amazed at the money I don't spend every month.

I think it follows suit with the thinking of many Americans-buy now-figure it out later. Kids live what they learn and we aren't teaching them that a penny saved is a penny earned anymore. It's all about instant gratification nowadays.

It's all about "to be the biggest and the best, you have to have the biggest and the best", even if you don't own it. My neighbor has it, so I have to go out and get it too, even if I don't have the money to pay for it. To many wanna-be people in this country. I mean what the hell, if I can't pay for it someone will bail me out and be stuck with the bill

My financial life is simple. I don't try to keep up with the Joneseseses'. I just keep up with the Simpsons.

The big banks still have boatloads of assets. They need to do what the rest of us would do in the situation they're in, sell some stuff before the repo man comes to get all of it.

This is business, like nature, the business world is sometimes very cruel. Like somebody else said, some of us have to sit on the curb and wave, we can't all be in the parade, and it's not the gov'ts job to put everybody on a float.