U.S. consumers are now living in a world much like the one the Japanese have been living in for the past 20 years: a world with limited access to credit, little or no appreciation in asset values, slow growth, large government deficits, and a rickety banking system. Americans are not at all like Japanese, but whether or not we have it in us to adjust to a new normal of less leverage and low returns on investment, we are not going to escape the consequences of our own bubble. The U.S. economy was driven for more than two decades by an oversize financial sector leading up to the panic of 2008. The financial sector grew by increasing the availability of consumer credit and lowering its quality, especially in mortgage lending. Now the U.S. financial services industry is being cut down to size by regulation and litigation, with no end in sight -- a process that was probably long overdue. Banks are learning how dangerous it is to lend money to anyone who actually needs it, especially consumers. It is going to get worse, not better, for households seeking credit. The real choice is whether to live within your means with a good heart, as the Japanese do, or hope the credit bubble can be reinflated. http://money.msn.com/top-stocks/post.aspx?post=4f9464e7-d3a1-4011-99af-f112ea85a69f So this is the way the news media is slanting the "recovery" of the Obama administration by somehow comparing it to the Japanese. I just don't get it because whenever a Republican is in the Presidency the media stabs him, brow beats him, throws dirt at him to make him look like a fool and the cause of the bad economy. I remember all the bad press that Bush 2 got whenever anything went wrong he was to blame by the media. But low and behold it isn't the Democrats President Obama that is causing the economic woes of this situation America is suffering through nor the Democratic Congress but it is somehow like the Japanese who have made the mistakes that America did, which isn't true at all, but the media wants us to believe this slight of hand trick blaming others for the Democrats blunders and mistakes that aren't helping much to relieve our dilemma.Please Register or Log in to view the hidden image!