The reason why we are fat is because McDonalds does not serve healthier food. They do serve fruits and salads but they still serve a lot more burgers and all the advertisements are geared towards selling more burgers.
The reason why we are in this credit mess is because the government did not regulate the predatory lending practices that several mortgage lenders participated in. They should have known better not to allow such loans. It’s not the fault of the consumer that the practices allowed the borrower to buy a house that is way beyond their means.
The reason why gas prices are higher is because OPEC countries are conspiring to keep the prices up and maximize their profits. They should increase production and reduce the upward pressure on these high gas prices. The government should step in and warn these countries not to mess with us.
Today Phil Gramm said that we are a nation of “whiners”. Barack Obama jumped at the opportunity and said that the McCain campaign is out of touch with the economy. As much as I am a supporter of the Obama campaign, here is a sobering thought; Phil just might have hit the nail on the head.
We are fat because we eat whatever is cheap, tasty and easy. We are in this credit mess because we rode the bubble till it burst trying to make a killing. We have high gas prices because we drive 50 miles to work in an eight cylinder, four-wheel drive SUV.
So it just might be time to examine what Phil had to say. Though he is denying the interpretation of his statements, I think that a true recovery is hidden in accepting responsibility of our role in our own downfall and stop whining about it.
Mcain and Obama are both distancing themselves from these comments. But maybe the smarter thing to do is to embrace it and work with it. After all you wouldn’t let a kid get away with blaming other people for his or her problems at school. Then why should you let a nation get away with it.
Tough love might just be the right medicine.