The subprime mortgage crisis that is creating a cottage industry for downward arrows for graphs and creating a red ink shortage the likes of which we have not seen since the 1970’s Toner Crisis has forced millions of Americans to actually read about major economic and business matters gripping this country. Normally, Joe and Samantha Q. Citizen have been able to blow right past the news of dollars and cents, shooting straight to the middle of the newspaper to catch up on Beetle Bailey or find out whether or not a gaseous ball of fire trillions of miles away thinks today could be a “day for keeping your cool.”
But now that the economy has gone and thrown it all to hell, the front pages are filled with very precise, detail-laden stories about all sorts of boring business crud, to the point that you feel like you need to be wearing a designer suit and boning your mistress just to find out what page the got durn TV guide is on. Is Price Is Right new, that’s all I wanna know, newspaper, stop making me feel like I fed my dog a homework assignment and will have to beat an impending letter from the principal home by cutting through Old Lady Cramberfield’s rose garden.
I know it’s tough to admit, but the cold, hard grip of business news on the front pages of America’s newspapers is here to stay, at least for a while. So it would probably be in your best interest to try and understand some of it, so when your colleagues gather around the water cooler or other corporate-approved fluid socializing device, you can contribute more to the conversation than just scratching and making motorboat noises.
I’m not asking you to suddenly develop an overwhelming knowledge of the U.S. Economy, with brainpower at such an absurd level you’re forced to moonlight as some sort of Ben Steinian Superhero, let’s just get the basics down. I want to explain to you subprime mortgages.
Subprime mortgages are like giving guns to 3-year olds. For purposes of this analogy, we will assume the toddler has bulletproof skin, to ensure the follow commentary can maintain an appropriately sufficient level of cheekiness.
They are items that say, “Hello, friend, please enjoy this thing that you for a variety of factually and common sense based reasons you probably should not enjoy.”
Guns certainly have their place in society, as do mortgages. Also, some people (perhaps not me) would contend that possessing both is part of the American Dream and what makes this country great and not at all like France.
Now, we can’t really blame the three-year old for having a gun; they can be very shiny and toddlers can be very grabby. No, instead, somewhere along the gun-giving process, somebody with more knowledge and expertise to such scenarios should have stepped in and said, “You know, I don’t think handing a deadly weapon to a person who is still struggling to coax their own bladder into submission is the most prudent plan of action at this point.” If you tell a toddler he can have a gun, he will have a gun, and disaster will strike.
At the same time, we cannot weep for the toddler that cries when righter heads prevail and his gun is taken away from him. Certainly the 3-year old will weep for the loss of his gun, as he had grown attached to it and had even let it sit and drive his Tonka truck, but the key thing to remember is that a 3-year old should never have a gun in the first place. Its removal is simply a much-needed adjustment to make things as they should be in the universe. And to ensure you don’t get shot in the shins.
To summarize, because people who should have known better thought it was a good idea to hand out Glocks to small children, the country is not struggling with roving gangs of sticky-faced toddlers armed to the teeth, weaving a swath of hyperactive destruction across the countryside and leaving nothing but expended shells and Hot Wheels in their wake.