06.30.09
By John Ulzheimer
Ok look, I'm patient enough to at least listen to all of your conspiracy theories as to why the credit crunch happened. Black cats, walking under ladders, stepping on a crack... you name it, and I've heard it. But it looks like the whack jobs have almost run out of excuses, so now they're blaming a new group: retailers.
You know who I’m talking about, right? These are the guys who take your money when you buy something, like groceries, new shoes, or a set of radials. For some reason, their enticing marketing offers have some folks blaming them for separating us from our hard earned money. Seriously? Yes seriously. The latest targets in the blame game are those clever television ads, well thought-out display cases, and two-for-one drinks during happy hour. It’s 4:37 p.m. Eastern Standard Time on Tuesday June 23, 2009 and we’ve officially gone crazy.
It seems – to me, anyway – that we’ve pretty much blamed everyone else for our credit woes and now we’re just trying to find the latest entity to blame since we clearly have no responsibility (sic). So let’s just get it out on the table: We’re not going to take any responsibility, despite the fact that getting into
credit card debt is a completely voluntary act. This realization worries me more than any other aspect of the credit crunch.
If the fact that our home values are upside down, our 401k balances really look more like a 201k, credit card charge offs are approaching 10 percent, and unemployment might soon pass 8 percent doesn’t shock you into forced responsibility, nothing will. There – I said it. Many of us have reached our economic “Alamo,” and yet we’re still finding anyone else to blame for our problems. Come on people, enough is enough. Man up and admit that we’re all partially to blame for the meltdown.
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