July 23, 2010 at 2:22 am
#699518
JoB
Participant
DP..
the problem with our economy isn’t credit and people who abuse it.. tho that is what some would have you believe..
there are two problems…
there are too many non-producing profit centers between goods and customers.., including our highly inflated financial sector…
and when you increase profits to make those profit centers happy by decreasing employee costs and moving manufacturing overseas… you ultimately deprive yourself of customers.
when the largest industry in the United States became the service industry.. it was only a matter of time before the entire house of cards collapsed.
that easy credit is what kept our economy from collapsing earlier :(
it has now tightened too far.