From yesterday’s News Journal (The article can be found here):
Delaware has been able to bounce back from economic setbacks using persistence and a personal approach, the state’s economic development director told regional business leaders on Wednesday.
Today, the Department of Labor released Delaware’s employment report. So let’s see how DEDO is defining “bouncing back”:
I don’t know about you, but I don’t consider a 13.5% of Delaware’s citizens unemployed “bouncing back”.
I know that the Economic Development Director is out promoting the State that is his job, and I think that he’s doing all that he can. But most business owners really aren’t fooled by government slogans. They are more interested in overall business climate. Given Wilmington’s $3+ million budget deficit, New Castle County government’s $12+ million operating deficit, Delaware’s looming $125+ million shortfall, and progressive-controlled legislature & executive branch, the overall business climate in Delaware is not going to get better anytime soon.
We have Alan Greenspan to thank for this recession/depression. “The markets will deal with fraud”….sure did, a worldwide financial market collapse andcrisis because the FED was not using its powers to regulate and prevent criminal fraud in the markets. Greenspan is an accomplice to the crime. I know you have very little knowledge of history, Charlie Clown, but international financial market collapse can take a decade to overcome…….
Sadly your wrong. IN 1937 after 8 years of FDR meddling the Depression was worse then if the gov’t had done nothing.
The News Journal should change it’s name to the Wilmington Backslapper.