Bailout or Not, Credit Will Be Crunched

The bailout could go a long way in stemming the freefall of financial asset prices, helping to stabilize banks and Wall Street firms. Unfortunately, that won't be enough to truly stoke lending or ease the economic vise that's squeezing American businesses and consumers.

Webmaster's Commentary: 

Yeah, funny how we get left behind ... again.

Credit was never the problem. The problem was that the US Government gave hefty tax incentives to US corporations to make it EASIER to send high-paying manufacturing jobs overseas. If you loan people a bunch of money, then after they are making payments you take away their jobs, multiplied by hundreds of millions of citizens, you have created a huge problem.

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