They had to go to Kokomo, IN, a city of about 46000 people to find a city that stimulus 'saved'? The entire state of Nevada, on average, has higher unemployment than this city, and Harry Reid walks around talking about 'all the jobs he saved'. Even if that's true, I took a 25% pay cut this year, which, although better than a 100% pay cut, isn't something about which to write home.
Reporters use stories like this in hopes that we will extrapolate it elsewhere and ascribe credit to individuals who had nothing wherewithal to do with it whatsoever. Overall, employment is down everywhere, and we can't all move to Kokomo and expect to thrive economically, because 14% of the population is still unemployed, which is Great Depression era unemployment rate.
What's more, they spent money revitalizing the town. The government spent money on buildings. Then they bring in an Irish pub. Oh, that's what we need in a recession. An Irish pub, a sweet shop, and a specialty education store. How will the downtown look in a year? I don't shop at any of those types of locales. I think this is temporary, like pop culture, and while it's good to hear today, I wonder if it will work out long term for these people.
I am happy for the people of this town. It was not worth $700 billion to save one town, especially one with a population the size of the student body at the university where I work.
Reporters use stories like this in hopes that we will extrapolate it elsewhere and ascribe credit to individuals who had nothing wherewithal to do with it whatsoever. Overall, employment is down everywhere, and we can't all move to Kokomo and expect to thrive economically, because 14% of the population is still unemployed, which is Great Depression era unemployment rate.
What's more, they spent money revitalizing the town. The government spent money on buildings. Then they bring in an Irish pub. Oh, that's what we need in a recession. An Irish pub, a sweet shop, and a specialty education store. How will the downtown look in a year? I don't shop at any of those types of locales. I think this is temporary, like pop culture, and while it's good to hear today, I wonder if it will work out long term for these people.
I am happy for the people of this town. It was not worth $700 billion to save one town, especially one with a population the size of the student body at the university where I work.
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