REMEMBER: The best thing you can do to make yourself attractive to card companies, regardless of how eager they are for new business on the macro level, is to maintain an excellent credit history -- and use credit responsibly. The deals out there for those with "average credit" are significantly less lucrative, and usually don't offer much in the way of a bonus or competitive intro rate, even in the best of times.
Utter BS. The CC companies target the newbies for the hot offers to draw them in.