[DonaldC]

Sooner or later, the economy will level out despite Obama.. imho

[Slapshot68]

“The small increase came mainly from the category that includes credit cards, which rose at a 1.2 percent rate in January after dropping 9.5 percent in December.”

Not surprising. With more people out of work, people are resorting to using their cards to replace their incomes.

[griswold3]

Consumers need to take this opportunity to deleverage.

[Moonman62]

Consumer spending accounts for about 70 percent of U.S. economic activity.

And most consumers get their money from jobs that come from the supply side of the economy, which politicians always ignore.

[fightinJAG]

Duh. We were just in a conference call with our financial advisor today and he said, basically, the world has changed; we’ve never done this before, but we’re telling people to get a loan, let a little more float on your credit cards if it means not having to withdraw from your retirement account right now; even paying interest on a money will cost you less than cashing in your investments right now.

This is a bad sign, not a good sign.

[SouthTexas]

Why not if you don’t have to pay it back.