We got into this mess with over consumption and over borrowing and now they are applying the same prescription to get bail us out of this mess?
Consumption and residential spending as a percentage of GDP, bottomed out at 64% in 1982, and then as a result of the fiscal deficits of Mr. Reagan, consumption and residential construction went up to 72% of GDP and stayed there, until he had 2 money printers, Mr. Greeenspan and Mr. Bernanke, stimulating consumption like crazy though artificially low interest rates from 2001, and so consumption and residential spending went to 77% of GDP, we had over consumption and now is coming down. I would also like to mention that is not the US that does not consume enough but the policies of the decision makers, have been a total catastrophy over the last 25 years.
