PurpleSunset comments

DrBombay, that is an interesting experiment, thank you for posting it. But what is totally wrong with that evaluation is that Obama doesn't want to take money from restaurant servers to give to homeless people. Obama wants the millionaires to give money to both that server and the homeless guy. There is enough money at the top to help many people on the bottom. That additional tax is hardly going to affect those people on top, but will greatly help the people on bottom.

I'm absolutely no economist, but I can give a super American human perspective on the topic. I hope now that these companies will realize that you can't give a loan to every person that walks in the office. The average American knows little about finances. For several years mortgages and credit cards were being passed out like candy to people who couldn't afford them. [As a college student/waitress, I had more credit in credit cards than money I earned in two years! And I could have had plenty more if I would have accepted the 3 offers I received in the mail everyday!] People gladly signed on for excessive amounts of money because it was the first time in their lives that they had ever gotten approved for anything. The freedom of not living under a landord anymore, or not driving a 10 year old beater anymore is inticing. It's too difficult for most to calculate what those kinds of loans can do to a person when the economy is shaken or gas prices skyrocket. How many middle/lower middle class people have a savings account more than a couple of hundred (or even 1000) bucks? You really can't blame the consumer for their ignorance; economy was not a mandatory class in school. I'm not sure you can blame the company, capitalism demands them to make the maximum amount of money, right?. But I do think that it is irresponsible to loan money to people who don't know what to do with it.