Tuesday, June 2, 2009

Faces of the recession: snapshots of the economic funk around Bakersfield

It's hard to put a pretty face on this prolonged recession we're all enduring. Even the most optimistic economists don't expect us to begin to recover until late this year, and it could be a full year after that before there is anything that feels like "normal" around here. These photos are not impressive precisely because they have become the norm: the new Target at Valley Plaza Mall that was stopped in mid development, the long stalled McAllister Ranch, deals on new homes and folks trying to discard their toys.

1 comment:

Anonymous said...

I agree with the assessment of our situations. It's looks more like 12 to 18 months before things even begin to show an improvement. Things have only deteriorated since Obama has taken office. The government taking over GM, getting their hands into the banking system, back the unions rather than the companies that employ them. This is not the America I have grown up with. Government is horrible at business and the last thing they should be doing is taking over business institutions. They can't run the country the right way, but they can manage corporations? I really don't think so. The econonmy will get worse before it hitting an uptrend. You have a great blog. I shall return often to read your creations. thank you.