This idiot thinks the failing economy is a self-fulfilling prophecy [View All]

[Horse with no Name]

:wtf:
What a moran!
http://theparisnews.com/story.lasso?ewcd=2fb312d039eb68b8
Bawcum described that aspect of the slump as, “It’s a problem of loss of confidence. A lot of this is media driven. It’s a self fulfilling prophecy. You keep telling people things are bad, and after a while, they start to believe it, and then things get that way.”

Bawcum attributed some of the problem to the perception that financing is tight, but disagrees that this is the case.

“There’s a misconception that credit is tight,” Bawcum said. “But the same kind of people who were buying last year, are buying today. If you’ve got the credit, the money is there.”

General manager Mike Durette of James Hodge Motors Inc., 5100 S.E. Loop 286, shared the opinion, “To some extent, this is a media driven problem,” Durette said. “Rebates have never been better.”