I still can't understand our collective abhorrence towards underwater mortgages. There were a few news reports today regarding how the end isn't near, how by 2011 there will be more underwater than today.
I can't understand it as we intentionally drive Americans further into debt with this stupid fucking Consumer Assistance to Recycle and Save Act of 2009.
Do you suppose, for a minute, that each of these "consumers" who were rewarded $4500 for making a bad purchase in the past paid cash for their new cars? No! They used the $4500 as a down payment and financed the rest! And the second they drove it off the lot last Saturday they were immediately underwater...even after posting $4500 down.
We accept being underwater on all our "vehicular investments" but somehow can't tolerate being underwater on our housal units. And if we are, Mother of God...we gotta build a federal program to subsidize these shitheads to modify their terms, decrease their principal, what have you...
I have noticed an increase in my vulgar language as of late. I suppose it's the only way I know to provide written emphasis on the things that I find wrong with my America. And there isn't a shortage of things that piss me off. Truthfully, I enjoy blogging about our wretched environments, our lack of culture, our shitty architecture, our idolatry towards technology, and our wrecked urban layouts...and I'm smart enough to know that I don't have any power to change all you who just mindlessly go about consuming, go about commuting. But I'm OK with that. This blog is my outlet for expressing myself; I enjoy the hell out of it, and I know I'm right 96% of the time.
I will enjoy watching you all fall to pieces; perhaps just a small piece at a time like what's going down with this recession, but I do expect much worse, and I am cheering it on like a pig-tailed pep-squad teenage girl. I wake up each morning with an expectation that I'm going to have a good day, going to be happy regardless, and I won't be any happier watching our Way Uv Life turn to liquid shit once resource scarcity occurs, or once other nations fail to continue to support our debt-based hyper-consumptive non-producing lifestyles. Our fall might be quick and sudden, or long and obvious; but trust me...on our current trajectory...we will fall.
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