Does President Obama really believe if he talks deficit reduction while proposing the biggest budget with the biggest deficit in history anyone is going to fall for it?
As the economy constricted from the latest bubble what have we done? On an individual basis unless we have an economic death wish we cut back spending, increase saving and pray we don't get downsized, rightsized or thrown under the bus to free up capital for someone else's bonus. As a business owner we follow the same pattern. People wonder why banks aren't loaning money to small businesses. Don't mistake a symptom for the disease. Banks aren't loaning because businesses aren't borrowing.