Tag: recession

By on February 14, 2013

I live in a nice quaint small town called Powder Springs, Georgia.

The sidewalks are paved downtown and even partially bricked for artistic value. Thanks to a generous donation by the taxpayers. The streetlamps are ornate and well lit thanks to the same contributors.

The old closed down ACE hardware store is now the new police station. The old city hall has been replaced by the new city hall.  Even the vehicles that get too old to keep get replaced with shiny new ones thanks to American taxpayers far and wide.

How many miles do you think would it take to replace a car owned by the local city government?

(Read More…)

By on September 21, 2012

The good old days of late summer 2009.

It was a great time to buy a new car. Monthly new car sales in North America had plummeted to under 10 million units.  Access to financing seemed to be near impossible for a lot of consumers. Brands were orphaned. Leasing collapsed. Banks were picky. The future was uncertain and… raw materials were cheap.

It was a good time to buy new at a deep, deep discount.  Has that time passed?

(Read More…)

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