CREDIT CRUNCH???

The country did not run out of credit for loans. The country has loaned us to above our eyeballs. What did the financial institutions expect? We have been sponsoring this kind of debt culture since about 1965. Our payment balance on import/exports has been negative for 40 years. It is like we think money grows on trees. Most of our businesses are focused on capturing money from someone they think will continue to pay them. It is like the Carnival games that used to come to rural American in the 40's and 50's. The prizes were always worth less than the fee to play the game. If you want to be richer, you need to create more wealth than you use. It goes for people. It goes for business. It should go for government as well.