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Ya just try that in today's America, when one or both wage earners lose their steady pay checks for 3 weeks in a row....You're done....Ya can't pay your insurance, car payments, credit card payments, rent, ya can't pay your mortgage, you sky high utilities go unpaid, repair bills, and all the other typical expenses go unpaid...After 6 weeks of loss of income, their unemployment check covers none of this...

So the lesson is, when times are good, buy less expensive cars, don't have four big-screen TVs in your house, and buy a smaller house. And have at least six months of living expenses saved up. I bet if these people had only done that instead of spending their entire paycheck when times were good, they wouldn't have been in this situation. But NOoooooo, they had to "keep up with the Joneses."

As soon as gas prices started going up, people started doing what you said. Stopped buying stuff.

That was a huge contributor to the economy crashing harder than it would’ve otherwise. There’s no easy answers here except for a few like stop H1B’s, kick out illegals (and especially enforce hiring laws on them), and help the offshoring issue with tariffs and/or diplmacy to turn ‘free trade’ into more ‘fair trade’.

Ya just try that in today's America, when one or both wage earners lose their steady pay checks for 3 weeks in a row....You're done....Ya can't pay your insurance, car payments, credit card payments, rent, ya can't pay your mortgage, you sky high utilities go unpaid, repair bills, and all the other typical expenses go unpaid...After 6 weeks of loss of income, their unemployment check covers none of this...

So the lesson is, when times are good, buy less expensive cars, don't have four big-screen TVs in your house, and buy a smaller house. And have at least six months of living expenses saved up. I bet if these people had only done that instead of spending their entire paycheck when times were good, they wouldn't have been in this situation. But NOoooooo, they had to "keep up with the Joneses."

Ya know what is funny about you're comment...Is when Bush was in power and the economy started sliding off a cliff during his last year in office......

What was it the Republicans all said?

"Buy buy buy...Be patriotic, I'm doing my part to help the economy and I'm spending!!!

Now, it's, "You all should have saved your money, you stupid fools".......

I love it!

lol...

And have at least six months of living expenses saved up.

Oh sure....Everyone in the private sector can save up $15,000 or so in cash just for those little emergencies like losing your income....

Too funny!