Sadly, I can't agree - Reader comments at The New York Sun

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Cheer Up

Submitted by Uncertain, Jan 25, 2008 09:47

You are correct - there are many happy things to report.

I disagree with the wall street bonuses and million dollar manhatten homes, though. Housing has accelerated beyond the norm of affordability in most market due to real estate speculation. And while it warms my heart that wall street execs are getting bonuses that are triple a typical family's income, remember that money had to come from somewhere. I don't have the energy to try and explain it, other than tell you that wall street gets richer when average americans get poorer. Wall street execs were spending their bonus money, while average americans are spending BORROWED money. Guess who collects the interest? It's in those bonuses. It is so depressing that you don't get that.

But home prices are now coming down fast, and that is very good news. Because now people will once again buy a home to live in and not to do cash-out refinancing with.

We need to stop being a nation of borrowers.

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Other reader comments on this article

Comment	By	Date
Thankfully, The New York Sun truly is a bright light which shines above negativity and pessimism! Please continue to tell... [MORE]	Marc Solomon	Jan 25, 2008 23:24
Thank you so much. Some people seem to be living in a Bizarro America in a Bizarro World. A report... [MORE]	SortaSeattle	Jan 25, 2008 19:09
You can bet that if Democrat were President, the gloom and doom would be as scarce as a cheap Manhattan... [MORE]	NightFire	Jan 25, 2008 17:04
Too many posters have only lived in golden times and have no idea how tight ordinary people lived just 40-50... [MORE]	Margaret	Jan 25, 2008 16:50
But how large were the bonuses for the homeless unemployed ? Have the prices of cardboard box homes risen in Manhatten... [MORE]	Walter	Jan 25, 2008 15:44
Much of the pessimism is driven by Democrats in the media who have a political agenda. Were George Bush a... [MORE]	devan95	Jan 25, 2008 13:47
How do we spread this spirit of greatness to our population? We seem to spend so much time accentuating the... [MORE]	Jim Harper	Jan 25, 2008 12:48
I am e-mailing this article to all my friends. This was the subject of conversation between my friend and i... [MORE]	Deane Pradzinski	Jan 25, 2008 11:54
The folks at the Times really ought to consider anti-depressants. I'm told the newest ones are very effective. [MORE]	Mindy Dallas	Jan 25, 2008 10:12
Hip, Hip, Hooray. How refreshing, my NY Sun!. Thank you. However, as long as our journalistic prophets' words of 'doom and... [MORE]	Carole Wurster	Jan 25, 2008 10:02
In all that pessimism, where's the mention of Iraq? Now that progress in Iraq is undeniable, even to the biased... [MORE]	edh	Jan 25, 2008 09:47
You are correct - there are many happy things to report. I disagree with the wall street bonuses and million dollar...	Uncertain	Jan 25, 2008 09:47
Thanks for the good attempt to put things in proper perspective. When most of the news focuses on the negative,... [MORE]	W. A, Smith	Jan 25, 2008 08:38
For the last 8 years, since the demos failed to steal the election in 2000, they have been solidly negative... [MORE]	Jack L. Kinch(1uncle)	Jan 25, 2008 19:08
This country used to be strong! The workers in the factories, etc. were able to bank savings in all the... [MORE]	Dale	Jan 25, 2008 08:28
An inspring editorial! Another example of why I seriously question your support of Mayor Bloomberg. [MORE]	hj brando	Jan 25, 2008 07:45
Liberals in this great country make their living being focused on the negative. They, in general, are the most miserable... [MORE]	Kestrel	Jan 25, 2008 07:44
Just a friendly wake up call to the author of this article. Not everyone works on Wall Street. Not everyone... [MORE]	BUDDY IN PA	Jan 25, 2008 07:17
Good editorial. The NY Times is a highly partisan paper that keeps losing readership. Giuliani was such a good Mayor... [MORE]	lee tabin	Jan 25, 2008 06:40