A major problem in our financial system is that banks have restricted the flow of credit to businesses and consumers;
George W. Bush, President Bush Discusses Emergency Economic Stabilization Act of 2008, Rose Garden
What?! He has got to be either the dumbest or most deliberately ignorant person on Earth. People do not need easier access to credit. That has been the whole problem all along. Most everyone, including the corporations, are spending money that they do not have and are not going to be able to pay off.
We need to give incentives to people to start living within their means. We need to cure the credit card junkies that this society has created. We need programs to teach people how to live on a budget. Even the government has taken out more loans than it can afford.
This insanity must stop.