Tuesday, December 4, 2007

I would gladly pay you Tuesday for a hamburger today

Popeye's friend Wimpy was always trying to con people into paying his way, and one phrase he is famous for - "I would gladly pay you Tuesday for a hamburger today" - could be our national motto, for that is the nature of the credit based society we live in today.

Clever advertising, crafted over the decades by retailers and credit card companies to convince Americans to buy now and pay later, and furthermore to convince them they "deserve" the things they want now but can't afford, is one of the main culprits in the current housing crisis and possible recession.

Banks and industries are unfortunately now reaping what they have sowed, and the indoctrinated consumer is getting the shaft, as they always do in an unregulated market.

Read the entire article at Outraged Citizen.