Boosting credit to struggling small businesses is “crucial” to the economy’s recovery and poses an important policy challenge, Federal Reserve Chairman Ben Bernanke said on Monday.
“To support the recovery, we need to find ways to ensure that credit-worthy borrowers have access to needed loans,” he told a Fed-sponsored conference on small business financing.
via news.yahoo.com
Translation: We can’t recover until everyone is following the governmental model of spending money they don’t have.