Forgive me for being such a simple thinker...

[kentuck]

But if the credit squeeze is the problem, why aren't people and businesses rushing to borrow this money from Paulson and his big bank friends? They have all the money in the world and they are supposedly ready to lend it out? Could it be that maybe these folks don't need more credit??

Maybe it is as simple as the law of supply and demand? Maybe people aren't buying more Fords and GM products because they can no longer afford them? They would have no problem borrowing the money, right? Maybe that is why they are not buying more homes? Maybe that is why they are traveling less and going on fewer vacations?

Maybe there is a shortage of money in the hands of consumers? And credit, even at zero percent interest, does not seem like such a good deal to them? Perhaps they are maxed out? Not only on their second and third mortgages but on their credit cards as well?

Perhaps the trickle-down economics of the last 28 years has finally come to its logical conclusion? It started when Reagan busted the PATCO union and labor has suffered every day since then. Perhaps the working and middle-class are living day-to-day and are only one paycheck from meeting their new friends, the "bridge people"?

Maybe this whole idea about the credit crunch is a mirage, a fairy tale made up by those looking for an excuse for people not buying their stuff? Perhaps it is a problem created by the massive transfer of wealth over the last 28 years, but most specifically, over the last eight years? When productivity goes up and businesses take all that wealth and share it at the top or move it overseas, and sharing very little with the people that created the wealth and productivity, then how long does it take until the golden goose of labor stops laying its golden eggs?

[babylonsister]

1. Have you tried to borrow money lately? nt

[kentuck]

2. I can't afford to "borrow".

is my point. But if the banks now have the money to lend, why wouldn't people start borrowing it??

[CreekDog]

3. because the banks aren't lending it silly

it's been in the news like crazy.

[kentuck]

4. I know what they say...

it just doesn't make sense.

[babylonsister]

8. No, it doesn't to us peons, but they've been bailing out banks, not us. nt

[spag68]

5. Raygun

I get tired of the ronnie bashing that is here. Do a little research, on the anti union movement. Google Taft-Hartley 1947. The lead person for the rethugs was NIXON. Sure Reagan was an asshole, but he was in no way the brains behind this tragedy, he was just the front man. Chaney and Rumsfeld were Nixons hit men then and even they were far from the worst or first. Since the late eighteen hundreds with the workers movements the fight has been waged. Wealth against labor and it does no good to not understand that they will never stop trying to take it all.

[kentuck]

6. " it does no good to not understand that they will never stop trying to take it all. "

True. But, they have never been so successful in a very long time.

[spag68]

9. Sorry about the double negative

You obviously got the idea that I was trying to convey, Thanks for the thought.

[B Calm]

7. I am making 1986 wages in 2008. Buy a new vehicle, lol!