An ever shrinking US economy-- May 7, 2009 G.19 Consumer Credit Report!

Consumer credit continues to decline.

If we take into account 2004 credit numbers, with interest rates, comparably, it doesn't look as bad now as it "should" have looked in 2004.

2004 had higher interest rates on automobile loans and equally comparable rates for personal loans as well.

I guess it's all in how we "see" the credit squeeze. I guess it had to do with the possibility, well, in this sense, the eventuality that the US presidency, would change hands and parties as well.