Thursday, January 1, 2009

I want an Oompa Loompa now, Daddy

That line comes from the character Verucca Salt in Charlie and the Chocolate Factory.

Verucca is an overindulged little girl who wants what she wants when she wants it.

She reminds me of the American public - they wanted their Oompa Loompa (cute little man to play with - in the story, but one can insert SUV, larger home, huge TV's, vacations etc - you get the picture).

We are a nation of consumers and have become so ad nauseum in recent years. We are having to learn difficult lessons now. Our homes are no longer cash machines - the equity line of credit is no more for many Americans - going to the bank to purchase homes, vehicles and other large items are no longer walks in the park, a la Washington Mutual and others who preyed on consumers offering sub prime loans to those who could ill afford them.

We should not expect to live on an average salary and have a half a million dollar lifestyle - that is simply not realistic and is incredibly irresponsible.

The Oompa Loompa is gone - the bust is here and now we have to pay the piper.

No comments: