Wow, reporters sure are brilliant. My reaction to the article: Duh.

Just like when a bank raises your credit card rate to 30%, you (if smart) quit using the card and start using every dime you have to pay it off. Which is the EXACT reason retail sales are dying. We were not "rich" we were encased in cheap credit. Now it is gone.

Just like the fact the banks are rescinding credit to companies. BoA just called our debt because it is "too old". We never missed a payment AND they made over $150k on a $244k note over the past 7 years. Guess what the result is going to be? And we are not the only company to have this happen now.

Michigan raised business taxes (dramatically) while giftin...

Wow, reporters sure are brilliant. My reaction to the article: Duh.

Just like when a bank raises your credit card rate to 30%, you (if smart) quit using the card and start using every dime you have to pay it off. Which is the EXACT reason retail sales are dying. We were not "rich" we were encased in cheap credit. Now it is gone.

Just like the fact the banks are rescinding credit to companies. BoA just called our debt because it is "too old". We never missed a payment AND they made over $150k on a $244k note over the past 7 years. Guess what the result is going to be? And we are not the only company to have this happen now.

Michigan raised business taxes (dramatically) while gifting Hollywood a 40cent on every dollar spent (not tax dollars spent, any dollars spent) rebate. Well, guess what, Hollywood is creating a handful of jobs here, while the core businesses, that have been in business paying exorbitant taxes for decades are closing their doors.

Raising taxes and cutting off credit will have one result and one result only: More unemployment.