President Obama decried the short-sighted greed that landed the United States in this economic mess, and prior to the mess, "left millions behind" during the period of economic boom during a speech at Notre Dame.
Please remember that traditional American values do not include debt or flashy expenditures. Traditional American values are hard work for an honest days pay, and Americans were naturally suspicious of easy money or making money off of the sweat of others. That's traditional American values.
In a call to reject the "greed and short-term thinking" the President asks us to actually return to the values that once defined America. I guess we all just forgot that's what America used to stand for. Remember the phrase "Greed is Good" from the Eighties? It signaled a change in how Americans viewed themselves and their values. The emphasis shifted from working hard to materialism.
The American Dream wasn't in the material wealth we could accumulate. It was in the opportunity to worship freely and the chance to work hard and get ahead based on our own honest efforts.
Barack Obama, Credit Card Industry, Credit Cards, Credit Crisis, Economic Crisis, Economy, Elizabeth Warren, Financial Crisis, Obama Administration, Obama Economy, Real Time With Bill Maher, Ryan Grim, Usury, Politics News