Indeed, one might wonder... after all, it's just a backroad among many on Cape Cod...There are lots of "For Sale" signs.
In the America of George Bush, running a costly war on the credit card, their currency gets devalued.
Since oil is *imported*, it's no suprising to see gas at $4 a gallon (even $4.25 !) . Since the economy runs on oil... and also on many other imported goods...
And to make things worse for a place like Cape Cod that thrives on tourism, the Bush administration did everything to close borders... so the tourists aren't there anymore.
If you are European, who wants to go to the leeeeeenghty visa process and to top it all, to get fingerprinted like a criminal?
If you're Canadian, do you love spending hours at the border, not to mention spending a lot of time in very unpleasant interrogations with a US custom officer? There you go.
And this is on top of the housing market own woes, and those loans that banks knew too well that people could barely afford to pay.
I was cycling on these backroads, and couldn't help but thinking of the drama going on...
-E
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1 comment:
Funny to read this post I wrote 6 months ago.
Gas price at $4.25 a gallon? It was around $1.50 last month.
Last summer, the economy was still officially booming, and yet, there were plenty of warning signs that things aren't going all that well, as the photo illustrates.
Interesting how 6 months make such a difference!
Cheers,
-E
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