Credit Crunch and Niche Selection

[Greg B]

I mentioned weeks ago on some boards that credit users I know were warned they were having their limits reduced. Big ticket companies are dying on the vine. Soon you're going to see less than 20% of the people in this country with credit of any substantial means. Now that's still millions of people but if they're smart they won't use that credit for shit. You're going to see so many businesses go out of business it's going to be pathetic UNLESS two things are done by the President and Bush ain't gonna do it and McCain is too much a pushover. We shoulda had Ron Paul in the running but hey, what did you expect? Obama and Biden you figure would have a plan but Biden and his son both work for a big cc company MBNA.

People will stop using CCs for many things and the change over for our kind of business will be with banks/checks online type processing.

The meltdown is already going on and the effects we won't see in full til after winter at the earliest but if there isn't a massive change in the way we do government away from these rip off Republican backed gangsters we're all doomed.

It sucks but as usual the simple, only way out will be the last thing looked at.