Originally Posted by queenofpith
Part of the problems with our current economic state is:
1. Companies looking at those with bad credit as potential money makers.
2. People with bad credit wanting something for nothing.
3. People with nothing trying to live the American dream without realizing that it takes work to achieve that dream.
4. The government putting its hands in everything and trying to save ourselves from ourselves.

There is more I know, but that is the basics as I see it.

1. Companies looking at those with bad credit as potential money makers.
Not any more. I'm in the market for a house. Credit must be pristine. Income must be pristine. Credit standards have tightened immensely.

2. People with bad credit wanting something for nothing.
People with GOOD credit want something for nothing. People with MONEY want something for nothing

3. People with nothing trying to live the American dream without realizing that it takes work to achieve that dream.
That's over - if they haven't already ruined their credit or walked away from their upside down mortgage, credit has tightened to the extent that this group is eliminated from the get-go in the pre-qual processes.

4. The government putting its hands in everything and trying to save ourselves from ourselves.
That's why GWB is being labled a psudeo conservative - by conservatives.

Contrarian, extraordinaire