A Matter Of Opinion

WEDNESDAY, JUNE 16, 2010, 5:25 P.M.

Loose threads and saving graces

In a column on tomorrow's (Thursday's) Opinion page, David Broder refers to a recent report that American businesses are holding back cash at an unusually high level, apparently as a hedge against further economic downturns.

In the meantime, the Federal Reserve has adopted new rules to protect credit card customers from huge penalty fees for such infractions as late payments.

Given what the country has gone through, to some extent because it was too easy to get financing for big-ticket items like houses, should the Fed maybe be encouraging consumers to do what businesses are doing?  Or, would it make sense to make consumer borrowing harder rather than easier?

Oh, yeah, economic recovery depends on consumers spending -- even if it's beyond their means.

What are your thoughts on that or any other issue?

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to A Matter Of Opinion

A Matter of Opinion is really a matter of three opinions – those held by the people responsible for the opinion pages of The Spokesman-Review. Check in regularly to find out what they’re up to, what they think and where they differ and to joust with them if you want.