“I’m not looking for a sugar high,” said Mayor Scott Smith, a Republican from Mesa, Arizona, about direct federal aid that could be withdrawn after a short time. “On Main Street the credit market is completely shut off.”

Credit isn’t shut off. No one is applying for new credit or buying anything. Most applications are to refinance existing debts or first time homebuyers.

The reason we don’t see new business start ups isn’t anything to do with credit regulation. Few people have a desire to start a new business and most of those who want one aren’t qualified to run one. Meaning, if you’ve never done it before now isn’t a good time to start.

Scott Smith wants the government to do everything for him when times are bad. And he doesn’t want to pay taxes when times are good. How Conservative.

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