Benny The B Can't Have It Both Ways
Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the economy is on the verge of growing again.......
But he conceded that consumers and businesses are still having trouble getting loans, even though the financial system is gradually stabilizing.
Sorry Benny, you can't have it both ways. The economy can't grow if consumers and businesses are still having trouble getting loans. Didn't anyone tell you that consumers and businesses are the primary driver of America's capitalistic economy?
Unless Benny has plans to change the fundemental structure of our economy, it is mathematically impossible to grow the American economy if consumers and businesses can't get credit. But Benny knows this, heck, if he didn't hand out thousands of dollars of free money and relaxed credit qualifications to many who would have never qualified to otherwise purchase a new car, we would barely be selling any new cars these days. Subprime redux, when will they ever learn?
The problem Benny is simple, and you know it.....those that need credit do not qualify and those that qualify for credit have no need to borrow. For an economy dependent on credit to function, that is a BIG problem.
Have fun solving this problem without restructuring existing debt....or do you know Mr. B that an event is about to occur that will relieve you of accountiblity of the above inconsistent statements.
9.09 is getting closer. Think folks, it really is not that hard if you try.....at least for most of you.....the Alstrybaters?.....there is not much hope for you at this point if you can't see it already.