All of our elected officials in Washington are oblivious to the real problem facing our economy. Until they realize that they can’t fix a credit-related problem with more credit, no amount of stimulus money or bailout is going to help.
Consumer spending is slow because people are mired in huge amounts of debt they already can’t pay, and they couldn’t obtain more credit even if it were available.
Until the government controls the amount of interest the credit industry may charge and allows consumers to rid themselves of their current debt, without accruing more, our economy will never recover.
Brian Acker
Kansas City
People should stop living above their means, that's the problem.
Obama says we need to get more buried in credit debt.
Posted by: NoMoreMrNiceGuy | March 07, 2009 at 01:00 PM
Whispering to kc, I think you should take all of those offers immediately. There could be a bail out in your future...
Posted by: Roger Lambert | March 07, 2009 at 08:16 AM
There's no credit problem in America today. I'm receiving many regular "credit card checks" in the mail.
"It's your choice, use these checks however you want. Promotional 0% APR (3% convenience charge applied when cashed) until 6/31/09".
Of course, after next June, the rate goes to 30% but until then the money's almost free and they'll give me as much as I want!!
The banker is your friend. Predatory borrowers are destroying the economy.
Posted by: whispering_to_kc | March 07, 2009 at 01:20 AM
Some tines I have trouble believing what I have just read. This is a spoof, right?
Posted by: Engineer | March 06, 2009 at 11:09 PM