Credit Crunch on Middle American Dreams
September 3, 2007 by IrishSpacemonk
Ah, if only the American Dream purchased on easy credit were so simple to leave behind.
With the previous tightening of the bankruptcy laws (aimed to protect big banks and their questionable lending practices) many American’s won’t find it so easy to excuse themselves of debt this time around.
The cycle of easy credit with an easy escape (either by refinancing an appreciated property or Chapter 7 bankruptcy that previously allowed many to walk away from unsecured debt for only a few hundred bucks) is no longer an option. It’s also a situation the economy hasn’t faced before and any recession caused by the current housing market slowdown, could be prolonged by the difficulty the middle class will have getting back on stable financial feet.
Of course, in a country where welfare is viewed negatively by capital idealists, there’s pretty much a guarantee that any trouble by the big corporations will find some sort of corporate welfare so they survive.
(6 votes, average: 4.67 out of 5)
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I like it.
Just getting started on my site.
I have been doing political activism for years.
Not a total crazy
I would like to post a link on my site if possible.
I happened onto your site my happenstance I clicked on something and up it came.
What is weird is the content was exactly what I was looking for.
Keep it up
dray
Hello!
I just wanted to let you know that I’ve used your cartoon to illustrate a post on the Change to Win blog, CtW Connect:
http://www.changetowin.org/connect/2008/06/yes_virginia_the_american_drea.html
Thanks for your work, and for your generosity in making your cartoons available under a Creative Commons license!
Hey Jason, thanks for the link. This is probably my most popular cartoon, but very few, if any have used it on their blog. It feels good to know someone finally has.
Huh, that’s surprising. Glad we could help out though.
One thing that comes to mind that might be worth trying out is to provide embedding code on the page with the entry. I know how to make an tag, but lots of people don’t so giving them code they can cut and paste into their blog makes it easier. A good example of doing this is I Can Has Cheezeburger, which provides embed code for every pic:
http://icanhascheezburger.com/
I dunno how much upside there would be for you, but there’s not much downside so it might be worth a try…
Thanks. Great suggestion. I’ll try to look at some options to do that.
used this in: http://www.thecreditcruncher.com/2008/08/economy-fuelled-by-debt.html
Thanks – linked the photo back to your story…
Hello. I am a sociology instructor at a small community college in Michigan. I use a lot of powerpoints in my teaching and I was wondering if I could get your permission to use some of the photos you have here in my teaching. Specifically, the Credit-Crunch image you have here.
Marx and inequality are discussed routinely throughout the course and these images would be great. Please let me know if this possible, or what process is required to use these.
Thanks. Your blog is great.
Mike Young
Hi Mike,
Sure, you’re welcome to use the any of the cartoons for non-commercial purposes. Thanks.