And banks aren’t lending because Justice continues to accuse them of “redlining.” Somebody tell Holder (and the Prez) that credit scores have no skin color.
No lending means no small business start ups. That means no employment growth, and BIG DEMOCRAT LOSSES in 2012!!!!!
Unfortunately, the Libs haven’t figured out how the system works, yet.
I have heard them mention the banks and liquidity but nothing happens.
In my view, one of the major reasons banks are not lending is that there is no demand.
There’s been a severe and sustained contraction in discretionary consumer spending and that leads to a contraction in the real economy.
Very few businesses have the demand to justify building new infrastructure, replacing equipment, etc.
Except, of course, Boeing.