Breakdown of Total Bank Credit

"Why don't we just put everyone in the United States on the federal government payroll and call it a day?" counters Rep. Jerry Lewis, R-Calif.

A breakdown of total bank credit for U.S. commercial banks illustrates the reluctance to lend and propensity to hoard cash. Government spending/programs cannot support the economy without the participation from the private sector.

The deterioration in consumer loan and credit card and other revolving plans is most concerning. Personal consumption expenditures account for more than 70% of GDP.

Breakdown of TBC:


Source: finance.yahoo.com