Brown: Mass. victory sends 'very powerful message'
"There are messages here. We hear those messages," said Axelrod. "There is a general sense of discontent about the economy. And there is a general sense of discontent about this town"
Clearly messages are being sent, but is anyone listening? One thing remains clear, the message of no more reckless spending will ignored completely as long as bank credit, updated through December 2009, continues to deteriorate under Keynsian decision-making.
Where's the picture of that gnarly roster?
Breakdown of Total Bank Credit Growth: Year-over-Year Growth for Total Loans, Business Loans, Real Estate Loans, Home Equity Loans, Consumer Loans, and Cash Assets for Commercial Banks in the US:
- Raise Taxes - No
- Cut Spending - No
- DEVALUE! - Yes
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