How will your area recover ?

[Bro. Curtis]

http://www.mcclatchydc.com/227/story/69823.html

...
The areas poised for a jobs rebound later this year are: Anchorage, Alaska; Champaign-Urbana, Ill.; Coeur d'Alene, Idaho; Columbia, Mo.; Laredo, Texas; and the Houma-Bayou Cane-Thibodaux areas of Louisiana.
Only five areas are expected to see a similar jobs recovery in 2010: Las Cruces, N.M. and El Paso, San Antonio and the McAllen-Edinburg-Pharr and Austin-Round Rock areas of Texas.
Most of the country — 286 of 325 metro areas covered in the IHS analysis_ aren't likely to regain their pre-recession employment levels until at least 2012.
Of these areas, 112 probably won't return to their recent peaks until 2014 or later. These include Rust Belt towns such as Cleveland, Dayton and Akron, Ohio; Detroit, Warren and Flint, Mich.; the hurricane-ravaged Gulfport-Biloxi, Miss., area and the greater Los Angeles region, where the housing bubble and high unemployment have strangled the local economy....


Notice the hard blue state areas are all red....

 

[Mexdeaf]

I hope the "O" takes credit for all this, but he's so humble he'll probably pass it to Bush.

IMHO much of this 'economic downturn' was media-driven, much like the 'whine flu epidemic'.

 

[BigBossman]

I figured our area would be in the red or orange. I get people that come into our office every day looking for more work, mostly as day laborers.

I wonder what happened to the millions of jobs that were supposed to be created as a result of the $787 billion stimulus package.

 

[billwald]

Areas don't recover. People recover. There are two economies, one for the working class and one for the owner class. These projections are probably for the owner class. The working class will probably recover about the time Jesus returns or Hell freezes over.

The stinking rich class are above and not part of any economy. Only WW3 might change the life style of a person with several $Billion in net assets. If his personal net assets temperarially (sp?) drop from $10 billion to $5 billion, how is this going to change his spending habits . . . unless he was planning to buy an entire country?

From the middle 1950's to middle '60's or later, in most years a working class person could count on himself doing a little better in the next year and was confident that his kids could have a better life than he did. THIS is the standard to judge recovery. When will American citizen parents again think that their kids will have a better life then they did? Probably not in 50 years.

The majority of my kids already have a better standard of living than I ever did, but I have NO confidence for the grandkids doing better than their parents. The will have a much tougher row to hoe.

 

[BigBossman]

I have NO confidence for the grandkids doing better than their parents. The will have a much tougher row to hoe.

For once I agree with you. Mainly becuase they are going be the ones that are going to have to deal with the wasted tax payer money.

 

[Revmitchell]

Areas don't recover. People recover. There are two economies, one for the working class and one for the owner class. These projections are probably for the owner class. The working class will probably recover about the time Jesus returns or Hell freezes over.

The stinking rich class are above and not part of any economy. Only WW3 might change the life style of a person with several $Billion in net assets. If his personal net assets temperarially (sp?) drop from $10 billion to $5 billion, how is this going to change his spending habits . . . unless he was planning to buy an entire country?

From the middle 1950's to middle '60's or later, in most years a working class person could count on himself doing a little better in the next year and was confident that his kids could have a better life than he did. THIS is the standard to judge recovery. When will American citizen parents again think that their kids will have a better life then they did? Probably not in 50 years.

The majority of my kids already have a better standard of living than I ever did, but I have NO confidence for the grandkids doing better than their parents. The will have a much tougher row to hoe.

So how long have you been a member of the communist party?