Give it a break Karl Denninger

Karl Denninger over at http://market-ticker.denninger.net/ has just let out a tirade. He says that we've been basically screwed over by the fed, the government, Wall Street. (I'm paraphrasing, but that's the jist).

Karl, give it a break.

Nobody was force-fed any of these McMansions, Lexus, iPods, credit cards, HELOCs, exotic mortgages, or credit in general.

Americans did this to themselves. We asked for it. It's our material culture. And now it's our debtor culture. Good morning.

We (most of us) pay attention to the news, what, fifteen minutes a week? How many voting Americans do you think paid more than ten minutes a week attention during the last two presidential elections?

Very few.

We voted for "a religious man." And that's what we got. Someone who said he'd bring "honor" to Washington. We also got the worst president ever. A miserable failure and a miserable excuse for a president. We got what we deserved.

As for our declining standard of living, where have you been these past forty years? Our standard of living has BEEN declining! This is nothing new, or of the past 8 years even.

So, Karl, get off it. You, and all those like you, tire me.

J