N.C. Economy To Improve In Late 2009

[Martin]

"Economists for the North Carolina Bankers Association and the North Carolina Chamber said they expect the state and national economies to begin recovering from their dismal showings of 2008...Most recessions last about 10 months, but this one will likely linger for at least 20 months before the economy begins to recover late this year, he said. "This is going to be a U-shaped recession, where we go sideways and increase very slowly, as opposed to a V shape," he said. "We're not going to come out of this in a hurry. We're going to come out of it with slow, steady growth." Johnson urged businesses to use 2009 as an opportunity to lay the foundation of a stronger future by confronting reality, devising thoughtful solutions and rebuilding the confidence and trust of consumers." -STORY

I pray the economists are correct. North Carolina has managed to stay clear of the major problems that states such as California are dealing with. However the '08 budget cuts were very painful for public schools, community colleges, and state universities.

Some readers (of the article) have questioned why we need a stimulus package if a late '09 recovery is possible. My answer to that is simple, the late '09 recovery is based on the idea that there will be some form of help coming from the federal government. Whether the idea of a stimulus package is a good idea or not is not the issue. There will be a very large stimulus package passed by President Obama in early '09. So the issue is how will that money be used by the states, businesses, and private citizens to improve the economy.

 

[LeBuick]

Some readers (of the article) have questioned why we need a stimulus package if a late '09 recovery is possible. My answer to that is simple, the late '09 recovery is based on the idea that there will be some form of help coming from the federal government. Whether the idea of a stimulus package is a good idea or not is not the issue. There will be a very large stimulus package passed by President Obama in early '09. So the issue is how will that money be used by the states, businesses, and private citizens to improve the economy.

I agree Martin and glad your neck of the woods of not impacted like others. Cali is in dire straits. I really wish Gov could make cuts in other areas and leave schools and health care alone. It seems the first thing cut is the children and seniors.

 

[Martin]

I really wish Gov could make cuts in other areas and leave schools and health care alone. It seems the first thing cut is the children and seniors.

==North Carolina likes to say it is an education state in fact our governor was awarded the education governor award recently. However when the budget needed cuts where did they look? The schools. It is just a sad fact of life that the schools are usually the hardest hit. They find money for all sorts of things, but not the schools. It boils down to the fact they have money for what they want to have money for.

 

[Carolina Baptist]

==North Carolina likes to say it is an education state in fact our governor was awarded the education governor award recently. However when the budget needed cuts where did they look? The schools. It is just a sad fact of life that the schools are usually the hardest hit. They find money for all sorts of things, but not the schools. It boils down to the fact they have money for what they want to have money for.

What happened to the "$ millions $" from the "Education Lottery"?

 

[Carolina Baptist]

North Carolina has managed to stay clear of the major problems that states such as California are dealing with.

It's not as bad here as it is in other states but I gave up looking for a job and I have returned to a community college with the VA paying the bill. (Thank you to all tax payers) As a disabled veteran I recieve some income just for being a full time student (Vocational Rehab). That has been my only income for the last year and a half. I am thankful for a wife with a job and a lot of understanding.

 

[gb93433]

People spend more money on entertainment than they do on the education of their children.

 

[gb93433]

What happened to the "$ millions $" from the "Education Lottery"?

Administrator raises, while the rest went to the lottery business.

 

[Martin]

What happened to the "$ millions $" from the "Education Lottery"?

==Very good question, I had not thought of that.

 

[Martin]

It's not as bad here as it is in other states but I gave up looking for a job and I have returned to a community college with the VA paying the bill. As a disabled veteran I recieve some income just for being a full time student (Vocational Rehab). That has been my only income for the last year and a half. I am thankful for a wife with a job and a lot of understanding.

==Going back to school and gaining skills is probably one of the best options for someone who has not been able to find work thanks to our economic situation. Good luck in your studies and in finding work when you are finished! :thumbs:

 

[gb93433]

==Going back to school and gaining skills is probably one of the best options for someone who has not been able to find work thanks to our economic situation.

At the university where I teach it looks like enrollments will be up for nest year. We are seeing some older students already. Older students tend to bring up the academic level because they typically work harder and find time on the weekends to study. I find I get more respect from them than students just out of high school because they recognize my experience whereas students from high school assume because you teach that you do not know what goes on out in the real world.