You’d think we were in the midst of an profitable downturn. Default rates on mortgages are soaring, and our President is engineering a taxpayer funded bailout of folks who are having trouble keeping up with their mortgages.

So how soon after, I ask, is it that humans can apparently still afford to blow money on new televisions, video games, and all kinds of other consumer electronics knickknacks?

According to Sony (NYSE: SNE) CEO Howard Stringer, the shaky economy “has not affected electronics in the U.S … Black Friday turned out to be very good for consumer electronics sales, and very good for PS3 (PlayStation 3) sales,

If public are struggling so much, why are they still spending so much money on PS3s and PSPs? Before we commit to a giant taxpayer funded bailout, shouldn’t we look for signs that consumers are cutting corners themselves? Why are we bailing out public who are still spending on consumer electronics like drunken sailors on shore leave?

It’s all very confusing. But for now it looks like, mortgages be damned, folks still want to buy video games.

Original post by Zac Bissonnette

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