Quote:
Originally Posted by ralok_j
The consumer is strapped and has no more to spend, business can't obtain loans to spend, and the government is giving away billions of tax dollars to any company with their hand out. Yep, we're screwed.
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Looks like Hank realized the consumer is strapped and wants to help out:
http://biz.yahoo.com/ap/081112/financial_meltdown.html
The consumer is not going to follow suit. They can not expect the consumer to spend our way out of this financial mess. I agree that liquidity must be maintained, but it's going to take acts of Congress to really get things moving. Congress will need to legislate tax law to change behaviors.