This is nonsense. There’s no shortage of money to lend, simply a shortage of those willing to lend it and those willing to borrow it.
Only a fool would be willing to take risks with Marxists in charge of the economy. That’s all that’s going on. Everyone is just sitting tight, trying to hold on to what they have and trying to keep it from being stolen and “redistributed”.
That’s what the “loss of confidence” is all about: trying to keep one’s hard earned cash from being stolen by the Obammunists. Trying to avoid an environment in which the Obammunists govern by fiat, change the rules and regulations daily, change taxation policy daily, heap job-killing burden after job-killing burden on the productive, steal bondholder’s rights on a whim, bailout failing union-dominated businesses, eschew the rule of law, ignore the Constitution, etc., etc.
Nothing is going to change and nothing is going to get better until the Marxists are run out of government lock stock and barrel. That can’t happen for another two years, and if it doesn’t happen then, why all you need to do is read Ayn Rand’s “Atlas Shrugged” to find out what’s going to happen.
Well said.