We're Having A Special On Recession Release Denial Right Now

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There are clearly two constants in the new epoch of American poli-finance. Daily Obama press conferences and monthly admonitions from financial dominatrix Meredith Whitney. The latest target: the U.S. credit card industry, which, with a crack of the whip and a biting string of verbal abuse (can be ordered a la carte, or with the FemDom Platinum package) has contritely, and prematurely, pulled-out credit lines to the tune of $2 trillion.
The popcorn is being passed around Dealbreaker offices as I type this, as the Dollar Dom ("Economy is going to pieces,") facing off with the President Elect ("No, economy is heading for recovery") promises to deliver quite a show.
Trillions in Credit Line Cuts Ahead: Whitney [CNBC.com]

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