CBS News Pumping The Idea of Consumer Credit as the answer....

[lib2DaBone]

..CBS News says that if people can get more credit.. they will spend and the Depression will be over.

The only problem.. if no one has a job.. how can they get credit?

What am I missing here? How come the media makes this sound so easy but yet I have no job so I can't consume? WTF?

[MercutioATC]

1. Hmmm...isn't that how we got into this mess?

People are going to have to realize that this recovery is going to hurt. It's going to hurt a lot.

Loosening credit standards now is like giving a junkie a fix because he's going through withdrawal...it makes him feel better in the short term, but it makes his recovery that much more difficult and painful.

[lxlxlxl]

2. They are talking about upper middle class or upper class people's credit

Its not credit for people without jobs trust me.

The only way the government will stimulate spending is by letting people that CAN borrow, borrow more.

[bemildred]

3. Gotta keep the old game alive, somehow ... nt

[lib2DaBone]

4. So True. Gotta Keep the Game Alive...but Bush's 1% have shut their spending a long time ago.

[girl gone mad]

5. You're not missing anything.

They're completely out of touch.

[aquart]

6. No one will spend until jobs are plentiful and secure.

Funny how these geniuses never thought of that.

[Crankie Avalon]

7. Running up even more debt, THAT'S the answer!!! n/t

[LSparkle]

8. Credit = DEBT! We don't need more debt, we need WAGES!

The biggest problem in our economy is that consumer
spending has been built on DEBT for 30 years, while
wages have been stagnant. We need people to buy
things that they OWN, not things they OWE ON ...
and sometime down the line, they have to turn to
their home equity (if they have any) to pay off
those debts ... Vicious cycle ...