A good part of what kept republicans in office in my opinion has been prosperity. A lot of people in the exurbs and suburbs got a big ass house, a big ass TV, two porsche SUVs and a trip to Mexico. That prosperity has been largely financed by cheap credit. People that make a household income of $70k have been buying $600,000 houses. But it looks like the party might be over.

I don’t know enough about this to know what comes next, but one has to imagine that an entire nation this deep in debt is not in a sustainable situation.

This entry was posted on Friday, September 7th, 2007 at 23:08 and is filed under Boring, non-political crap. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.