Fed Says Joblessness Would Be 7% With Less Consumer Doubt

Great, let's blame tapped out or even broke consumers for our economy's malaise.  Pinhead Ivy League economists really don't have a clue on basic household budgeting.  Uummm, when job prospects are poor to non-existent, when the costs of fuel, utilities, food, education, and healthcare rise incessantly, yes, households will hunker down.  Or does the Fed suggest consumers return to running up their credit cards to spend money they don't have?  Isn't that what got us into this mess in the first place?

http://www.bloomberg.com/news/2012-09-17/fed-says-joblessness-would-be-7-with-less-consumer-doubt.html