234. Halting Recovery Divides America in Two – WSJ.com
August 31, 2009 § Leave a comment
Building onthe previous..
The U.S. recovery is a tale of two economies.
At one extreme of Corporate America is a cadre of companies and banks, mostly big, united by an enviable access to credit. At the other end are firms, chiefly small, with slumping sales that can’t borrow or are facing stiff terms to do so.
On Main Street, there are consumers with rock-solid jobs — but also legions of debt-strapped individuals struggling to keep their noses above water.
This split helps explain the patchiness of the recovery that appears to be taking hold after the worst recession …