President Obama announced that the economy is hurting because of a credit crunch. But my teenage son, who recently got his first credit card, is still getting a couple of offers per week for a second credit card.

Perhaps he's the only one in the country. If so I really don't think he's going to be able to pull the economy out of the doldrums singlehandedly because most of his credit card bill line items look like this:

Burrito Barn $3.49 In-N-Out Burger $2.99

I think we need an economic strategy that goes beyond my son saying, "Why, yes, I will have fries with that."