Monday, February 2, 2009

"Frugal Americans Hurt Economic Recovery"....

....says "economists".

Really? That is our big problem. Over the last couple generations we have saved too much and not spend enough? We aren't in this mess because we are waaaaay overextended?

"People are not saving; they are building financial bomb shelters," said Mark Stevens, who runs a management consulting firm.... That sounds about right.

"It's really a liberating feeling," she said. "If you want something, you have to have the money for it."

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