All these doom and gloom false articles are pissing me off.
Americans don't save and never will so whatever they can spend they will. Consumer credit is flowing freely and is not being cut off to credit worthy people.
The people who shouldn't have any credit are being cut off but not 95% of the consumers.
Local Banks and credit unions are lending like they were a year ago so they aren't under duress because they didn't do sub-prime lending !
The sky isn't falling and for 90% of us it's business as usual !
You have a lot to learn about this economic crisis. You will learn, probably the hard way.
Same here, and what really gets me is how they lie about America at the same time they support it Obama's power grab. The fact is that since the beginning of this so-called recession, our gdp has expanded by a half trillion dollars. Some recession.