Submitted by Anonymous on Fri, 11/28/2008 - 16:17
If one watches the business channel on cable television, they seem to have a multitude of different explanations for the recent financial crisis from letting Lehman Brothers go under to misspending the government bailout money to not giving the capitalists even more money, etc., etc. They say the consumer has stopped spending, but this seems to mystify most of these commentators, who evidently believe consumers are sitting on a pile of cash and just being stubborn and petulant about spending it.