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Politics : View from the Center and Left
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To: Mary Cluney who wrote (125536)11/25/2009 11:43:13 AM
From: RetiredNow  Read Replies (1) of 543303
 
But is it sustainable demand? For example, if there's a guy who's really poor and wants a 65 inch flat panel TV, well the demand exists, but can he really afford it? With cheap, permissive financing, he may be able to buy it, but is that really the kind of "house of cards" economy we want to perpetuate?

I say, no. We need an economy built on solid, sustainable demand that doesn't require ridiculous levels of borrowing. It's a balance. We've gone too far in with the pendulum over the last 9 years and it's time to bring that pendulum back to center.
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