Sorry for not posting America But......

'Excess of fear' must be stopped, Summers says

Obama adds that administration doing all it can to get economy moving
article http://www.msnbc.msn.com/id/29675273/

First it was "an excess of greed." Now, it's an "excess of fear."
That's how the president's top economic adviser, Larry Summers, on Friday described the burden of worries about the shrinking jobs market, rising foreclosures and falling wages afflicting Americans. The cycle of fear must be broken, he said, before the recovery can begin.
"It is this transition from an excess of greed to an excess of fear that President Roosevelt had in mind when he famously observed that the only thing we had to fear was fear itself," Summers said.
"There are a lot of individual families who are experiencing incredible pain and hardship right now," Obama said.

Summers acknowledged that huge sums are being borrowed by the U.S. government to support recovery efforts. And while things should get better under Obama's programs, things could also get worse "if deflation sets in, if GDP (gross domestic product) collapses further," Summers said.
"If that happens, the magnitude of the federal borrowing, as large as it is, will be dwarfed. It will be far, far larger."


Creative Conclusion:

Again America Tell your Congress Rep, We the American People need a check in the mail those who make under $49, 999 send a check to them for $15,000, those who make under $59,999 send a check out $10,000. $69,999 send $5,000, $79,999 send $2,000 and $89,999 send $1,000.

http://www.creativeconclusion.com/