Well, good. It was their pre-recession lifestyle that led to the post-pre-recession mess we're in now, isn't it?
Liberalism is stupid.
The ‘pre-recession’ lifestyle was simply borrowed money. If you count the interest on the assets, there was nothing gained.
At the rate that Obama & the Fed are debasing the currency it might not be possible to emerge from this “Recession” using the same tried & true methods. We simply don’t have the ability to borrow if the dollar ceases to be the world’s reserve currency.
Obama’s borrowing spree to bailout his friends is certainly to blame for drawing out this economic malaise. That & the hazy picture presented by Obamacare.
People need to remember that the Depression didn’t really kick-in until a few years after the 1929 Stock Market crash. IOW’s Hoover AND FDR’s policies made things much, much worse than they ever had to be.