George Bush Explains about Credit 101, never Mentioning that cash is a good thing to have.

President Bush explains the economy to everybody during ANOTHER hastily called press conference...."Lets say you have a chair for sale, but the customer doesn't have the credit to buy the chair...."

My question is, why doesn't the customer have the cash to buy the chair? Answer, because taxes, fees, and interest take as much as 60% of a customers income, that's why there is a "need" for credit.

I never realized that the Government and Wall Street was doing everybody a favor by keeping everybody in debt and requiring ever increasing debt loads to pay their monthly bills.

Crikey.