On the topic of the how, even with the bailout bill (sorry, the rescue package), all of our problems won’t be solved overnight, I offer a story I wrote for Time.com today. It starts:
To understand how the credit crunch is hitting American business — and, in turn, you — look no further than The Dog Shop, a pet supplies and grooming store in Washington, D.C. This holiday season, owner Jane Huelle will only stock four varieties of Christmas-cookie dog treats, instead of the usual six. That’s because a month and a half ago she got a letter from her credit card company saying her line of credit was being docked by thousands of dollars.
You can read the full thing here.