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The consumers were not at fault. The banking industry issued toxic mortgages. The $700 billions lent them went for everything else but curing the credit crunch. Consequently,consumers and small business lack the credit to go forward. Thus, the threat of being homeless and jobless causes most Americans to see a bleak future. Of course, increased spending by them is not in the cards.
The average citizen needs a good job with the assurance it will continue. Job creation results when small business see a ready market and a chance for prosperity.
We need solid products that fulfill a real need not just paper shuffling. Over 40 years of artificial bubbles, get rich schemes and criminal enterprises have robbed the nation of common sense, innovation and resourcefulness.
