I personally don't believe the numbers. Unemployment is about 10% and all of a sudden new homes sales are up 11% (I believe the highest since 98). There are tons of for sale signs in my neighborhood.
Also, doesn't it seem that the govenment is going down the same path with the car program that they did with the houses/mortgages? What makes you think that some/most of these people will be able to make all the payments on these vehichles?
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Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!"
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