All your fault, 'murkn!
"Consumer debt takes plunge in July" by Associated Press | September 9, 2009
WASHINGTON - Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.
Economists expect consumers will continue to spend less, save more, and trim debt to get household finances decimated by the recession into better shape. However, such action is a recipe for a lethargic revival, as consumer spending accounts for 70 percent of economic activity....
Yeah, DEBT is what accounts for ECONOMIC ACTIVITY!
Related: Out-of-Work Americans Killed Economic Recovery
The Last Job You Will Ever Have
Wall Street Back the Way It Was
Yeah. Wonder why that Dow doesn't correlate with your life or 401k?
Yup, YOU BLEW IT, America!
AFTER the FED worked SO HARD with YOUR MONEY to FIX BANKS and get this economy POISED for RECOVERY, you blew it because YOU DIDN'T WANT TO BORROW more (not that the banks are lending, but I only have so much time....) to BUY WORTHLESS S*** so CORPORATIONS could PROFIT!
Bad, bad Amurkn!!!!
Related: The AmeriKan Slave
