There Is NO Economic Recovery HappeningMarket Ticker
Jan. 10, 2010
1.New York & California Move to Ban The Sale of Current iPhones Because They Protect Your Data
2.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
3.Jeb Bush Wore High Heels To Look Taller Than Trump [Pic]
4.Trump Calls Out Bush WMD Lies: 'They Knew There Were None, They Lied'
5.Feds Push New Plan For Home Visits to Check On Parents
6.Ted Nugent Replies 'Eat Me' to Critics of 'Anti-Semitic' Gun Control Post
7.VIDEO: Workers Rage After Being Told They're Losing Their Jobs to Mexico
8.Feds Pouring Money Into a Project to Create a Database to Track "Suspicious" Internet Memes
Look folks, this is really quite simple.
Economic Stability and Recovery = Credit Expansion.
We cannot recover until we purge the excess debt from the system, and the longer we take to do that, the longer the pain will last and the worse it will be.
President Obama and Tim Geithner know this - that's why they are constantly harping on banks to "lend more."
Well, they may want banks to lend more but the people are fed up with being debt slaves and are borrowing less.