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Manufacturers Say a Credit Crunch Puts U.S. Recovery at Risk

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THE CREDIT CRUNCH CONTINUES
"Manufacturers will tell Congress today that a lack of available credit threatens to stifle a U.S. recovery, as the Obama administration considers a proposal for loan guarantees," according to Bloomberg.  “As we see business increase, companies are having difficulty tapping into credit lines,” Rob Kiener, director of membership for the Precision Machined Products Association, which represents more than 500 factory owners, said in an interview. “Without credit, it becomes very, very difficult to compete.”
SOURCE:   Bloomberg

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