Tuesday, September 21, 2010

The headline reads...........................

"Tight Consumer Credit Poses Obstacle
  to Recovery"

Full essay here. The accompanying chart looks like this:















Interesting quote:

     "Among the factors cited for the decline in consumer
     credit are the continued de-leveraging by creditworthy
     borrowers and the denial of credit to less qualified
     borrowers,  including many who remain unemployed or
     under-employed."

Editorial Comment:

Only in baby-boom America would paying off debt be considered
an impediment to a healthy economy.  Only in "entitled" America
would denial of credit to those who might be challenged to pay
the loan back be considered an "obstacle".

How about changing the headline to:

"National debt levels are shrinking,
creating strong and sustainable
foundation for economic recovery
and well-being."

Go ahead, call me a dreamer.

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