Increased levels of both disposable income and convenient lines of credit have sent our country into a whirlwind of over-consumption and consumer gluttony. Sure, consumer spending may be good for most commercial sectors of the economy, but as the credit crisis that is looming before us is clearly evident that it is bad for other sectors, namely housing and auto sales, both have seen sharp declines in sales over the past two years, in particular. These sectors often have important effects on the filtration of the entire community. If an automobile factory fired 300 workers, that the whole community will feel the results. We are only now at the stage in this game where these realities will come to light and let’s see how big of a credit agreement is the question.
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