Why are they assuming "Main Street" wants more access to more credit?

going to fix it so you will have to borrow often to be able live.

get people WAY riled up. So much so that they will get even more pissed on the bailout. Check it out and let me know what you guys think:

http://www.dailypaul.com/node/65538

In a bad economy, most businesses, Wall Street and Main Street alike, depend on credit to keep their doors open until things turn around. With a tightening of the available credit, businesses will fail by the hundreds when this economy worsens, since they'll have nothing to float with through the cycle.

uneducated or told to spout these "talking points" to push onto the seemingly uneducated public. have you noticed that it is not working? nothing about there scheme is working and soon it will fall.

~peace

in reverse. If you have no legitimate position, then create a false premise and cause all argument to be conducted from that point. No one can even begin a discussion of the issues with the false premises screening the real issue. Of course we don't need more credit and debt.

The other thing they are constantly saying, is that everyone is invested in the bad debt, through 401K's and IRA's. The majority of Americans do not hold exotic securities and, if they do, then this is a risk they took with the intention of making a high rate of return. How many of the holders of CDO's had any intention of sharing the profits with the nation?

But the greatest point is one Ron Paul has raised repeatedly. If the dollar collapses, it will be a loss to everyone indeed, because everyone holds dollars. So the first order of business should be to protect the integrity of the currency.

CREDIT & the proper use of it is a good thing ...CREDIT is not free...YOU pay to use it...so that's OK if you can afford to pay to use it....OR if it is profitable to use it..Buying NOW has advantages which must be wheighed against the budget...Someone did not do a good budget relationship with the overall plan in this country ....Fannie & Freddy were an accident waiting to happen, from the very conception...VERY RISKY when dealing with low income vs HIGH price housing...SIMPLE budget planning vs house prices could have alleviated all of this ....Big house price tags backed by the GOV'T, made for BIG sale & handling FEES & COMMISSIONS that come, right off the top .....,LOOSE.=..DEBT, DEBT, DEBT....The lost monies went to FEES & COMMISIONS = BAILOUT/DEBT ..............WHO would the SEC.of TREASURY be.???
THE GUY YOU want to listen to now.???
weee

Because they have to push consumerism upon us to make the economy work
and the only way it works is through debt. More proof the dollar and the
system is based upon debt creation.

I was thinking the same thing this morning after Squawk on the Street.
Marc asked the same question. They're assuming that we're all
clamoring for more credit..... that's on the personal level. I'd agree at the small business level, they're gonna need a continued credit flow to meet payroll, buy goods, etc.

Of course, this has nothing to do with reality. Americans are not as fucking dumb as they make us out to be. With a terrible economy people will in fact not buy that car or those clothes that they could possibly do without. But that's exactly what they are afraid of. Without consumerism there's no debt machine and no empire.

They're programming the public to believe that Main St NEEDS! more credit to survive.

So, stop assuming that the media is assuming, cause they're not. They're programming the public to believe it, it's intentional.

Fortune Favors the Bold

there's plenty of credit, the fed keeps pumping. No one wants to make the loans though, because banks don't think they can pull their old scams of seeling bad loans then securitizing them and getting government backings.

Most of our GDP is consumer spending. People these days don't save up for things to buy so everyone needs credit. This would be a great time for the leadership in our country to get us out of this borrowing mentality and head in the right direction. You think they will take that chance? I doubt it!

EXACTLY my point ....They need to get away from the desk more often..weee

would point out that, pretty quietly, financial services (making money off other peoples money and borrowing) has grown tremendously as a portion of the GDP. The political power of the industry is now obvious. We are a nation becoming dominated by moneychangers.

Good loans for good purposes will always be good business. This talk now is about getting people to confuse good lending with bad lending to help pull bad lenders out of the fire they themselves started. They want your mind...fight it.

When I was in college, I succumbed to the "easy money" philosophy that I was practically spoon fed every school day. Getting those paid off took about three or four years.

I learned my lesson! I've been debt-free ever since. Credit; bad. Saving; good. But bankers benefit from customer (more interest, more principle owed...and those thieves have a ball with penalties—one of their main goals is punishing you as much as they can get away with if you're not able to pay your bill).

Cliff Treadway, Sioux City, Iowa

for at least six months anyway. Friggin banking gangsters are so dishonest they won't even loan each other money, knowing they are all cut from the same cloth.

They're the ones who want us to have easy credit.

You can bet that some of them are major lobbyists, too.

IMissLiberty

When someone says they would like to extend you "credit" what they really mean is they want you to place yourself in DEBT to them.

A "reduced supply of CREDIT" in the marketplace should mean that interest rates would increase (on both loans AND savings accounts).

But if there is also a reduced willingness to accept new DEBT (i.e. a drop in demand) -- which should actually reduce the interest rates.

When they say people have "lost confidence" what it really means is that people have decided NOT to take on any additional debt, but rather to pay off the debt that they have and (if possible) start saving money against a future disaster.

Of course, the "financing industry" cannot stand this -- because they make their money SOLELY by having people borrow ever increasing amounts of money.

If people stop borrowing, the banks stop making money.

Everyone in my neighborhood is in debt up to their eyeballs. We don't need any more credit.