I see dead.....malls.
Linda was commenting how people say the economy is getting better because "a friend of ours is building a house."
I answered, I don't see it getting better in Bend because:
I see only 12 building permits last month.
I see local banks struggling to survive.
I see commercial loans starting to struggle.
I see an astronomical unemployment rate.
I see house prices still falling, and foreclosures increasing, and short sales unculminated.
I see credit card risk everywhere I look.
I see businesses still going out of business.
"You see dead people?" she interjected.
I've become hopelessly cynical. This government rebate program for clunkers.
You don't think the car dealers are gaming this? Do you really believe you're getting that much better deal? How do you know they didn't just raise the interest point half a point, or raise the car price a few thousand dollars, or wouldn't have been inclined to sell you the car at about the same price even without the program?
End result? Money out of the government coffers.
I suppose, maybe better cars on the road. Though I suspect most of those clunkers weren't being driven all that much.
3 days ago