02/25/2009
President Obama announced that the economy is hurting because of a credit crunch. But my teenage son, who recently got his first credit card, is still getting a couple of offers per week for a second credit card.Perhaps he’s the only one in the country. If so I really don’t think he’s going to be able to pull the economy out of the doldrums singlehandedly because most of his credit card bill line items look like this:
Burrito Barn $3.49 In-N-Out Burger $2.99
I think we need an economic strategy that goes beyond my son saying, "Why, yes, I will have fries with that."
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