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Halting of Foreclosures

I haven't read the news, but just the headline sparks some questions. Do all those people who bought more house than they could afford and then lost their jobs get to keep their houses? Doesn't it make some sense to allow the economic contraction to force families to condense and become cooperative again? We have become so scattered and "independent" that we have no safety net anymore, except for the government, but is that how we really want our lives to be? Certainly a reduction in government payouts to the populace would cause some crises, but it takes some crises to change society at a fundamental level, and that is what is coming down the pipe whether we do it on purpose or wait for it to be done to us. We the people are bleeding our government which is in turn bleeding us. Won't be much left behind when the pretend money runs out. We'll have to figure out how to grow food again, how to barter for what we need and how to hibernate in the winter. Our bipartisan political system and the corporatocracy that runs it are not going to save us.

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( 2 comments — Leave a comment )
hausfrauatu
Oct. 8th, 2010 11:13 pm (UTC)
Because sharing is Socialism, silly! :)

I remember as a child seeing a suburban block organized on efficient principals. There was a common building in the center with a washer and dryer, tools, a lawn mower, a snowblower. All of the big stuff that is very nice to have around but you don't use all of the time. There would be little to no inconvenience or decline in quality of life.

People are so chained to the American Dream, they have no idea that it can be a nightmare trying to support so much consumption.

Some of the BOA customers may have been ripped off. So they deserve a break. Plus where are all of these people going? I'm shocked that there hasn't been rioting in the streets. This is a long term contraction that I and my husband have prepared for. Not very well, but I suspect we are doing better than many others. It wouldn't take a lot to wipe us out, though.
liveonearth
Oct. 8th, 2010 11:20 pm (UTC)
Yep. I saw this coming years ago too...but I am no farther from being a beggar on the street than the next kid living off student loans. My investments weren't very good investments, all told. Rioting in the streets may come, but I wonder if Americans could be sneakier and more subversive than the French--as in, more armed robbery and gradual bleeding of workplaces, less parading around public places and shouting. The story is yet to be told, but it is guaranteed to get more interesting.
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