The U.S. consumer faces a constant drumbeat of bad news. Housing prices are falling, gas prices are rising, good new jobs are getting scarcer than hens teeth, and credit card terms are getting tougher, even as the Federal Reserve makes credit to banks cheaper. Bank deposits are not nearly enough to carry the U.S. housing market. Much the same applies for loans to businesses. |
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At counterpunch.com
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.