Sean Hyman: Obama’s Smoke and Mirrors Show Only Delaying the Tough Times

"What’s the story with your average Americans? They don’t save. They spend. In fact, they usually outspend what they make. So they have no real savings to tap into in order to make these big-ticket items to thrust the economy forward. But that’s okay, they can always get a loan or tap lines of credit like they always do, right? Wrong.

"You see, we still have the same problems with the banks that we had before. There’s still a credit crunch out there. The banks still are hardly lending, even to those with great credit. In fact, they are still calling in some loans from people that have even had great payment histories.

"So if average Americans hardly have any savings to make these big-ticket purchases with and they can’t get hold of the money they need through their banks, then how are consumers supposed to pick up where the government left off and support economic expansion? They can’t."