I was thinking the other day what happened to our economy. The easy way out is saying both the Democrats and Republicans spent too much, the American people Spent too much, and most importantly it was Bush, Clinton and Obama's fault.
But I found the root of this problem. We have to travel back in time around 1994 for the answer. I was born in the 80s so I can remember most of the 90s. In the early 90s I remember my parents saying, no we can't afford a new Super Nintendo, nor a Mongoose bike, or even a new jacket from Marshalls. But what I did learn was that you have to work for the things you want.
But this is the year everything changed. Economic Super Villon #1 came about. I'm not talking about Bernake, Geitner, Soros, Bush, Obama, Greenspan or even The Fed. I'm talking about Puff Daddy aka Diddy, aka Sean Combs, aka the original Versace Hottie himself.
As a people, we were content we didn't want much. We wanted to be Responsible and save and buy things we can afford. But when Puff Daddy hit MTV with Biggie wearing Versace and D&G, that was the day everything went downhill for our country. All of a sudden kids wanted Versace Shades and Moschino t-shirtS. Obviously these are clothes that nobody could afford, but since credit was good for over a decade, people bought these liabilities and the worst part is, it didn't stop with clothes. It began with cars, then vacations and most importantly houses. The problem was that it didn't just infect the kids, it infected our parents. All of a sudden our parents were saying "Hey credit will always be there so let me buy a new house and buy a new car." How were the Baby Boomers going to act when they can get everything they ever wanted since their parents the WW2 and Depression era citizens kept telling them they couldn't afford things. So us and our parents got everything we ever wanted for that time.
Then all of a sudden there's no more credit, no more money and no more Jobs. Even though I used Diddy as an escape goat, the lifestyle he lives is HIS, not ours. He did work hard for it and fulfilled his American Dream, but we can't compare ourselves to anyone except for what YOU Want in this precious life of ours. I respect Diddy and all the entrepreneurs out there, but he is still an individual who wants to act this way in his life. Also he can obviously afford it.
My final thoughts on this post is that we need to be responsible for our actions and our way of life. I know it is hard, owning our own business is a ticket to insanity or enlightenment but everyday I struggle to be responsible for all our actions in our business. Also my generation was infected by Diddy's lifestyle and everyday I regret buying those Versace sunglasses 10 years ago.
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