
I use the car wreck analogy because as businesses like the auto industry, which is topical, are bailed out, even if you and I don't agree, the consumer certainly isn't going to be out buying cars and, worse, many just can't. Consumers now suffer from 30-60-90-120 day lates on their credit reports. Consumers are unemployed and with an Obama program of "Great Works," the consumers supporting the economy will find themselves under-employed even if they go build bridges and roads. May be great for job numbers and political equity, but overall for the economy it will fail to meet the massive waves of chaos that have hit our shores and will continue to drown many industry sectors. [more...]
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