Tuesday, November 9, 2010

He Iss Alive!

This is the  classic line from Frankenstein movies. My personal favorite is Young Frankenstein with Marty Feldman and Gene Wilder, but I digress, as my point when I started this sentence was to apply it to the Oregon economy.

The UO Index of Economic Indicators showed a blip up in September of 0.2% after falling 6.4% over a six-month period. Although the headline banners the improvement, the actual text focuses on why the economists are projecting an "echo recession" with weak employment until well into 2011, even including further job losses.

Governor-elect (again) Kitzhaber says Oregon's problems are "green." Not so - they are "red" as in red ink from bloated state budgets. The patient has no more blood to give; he iss alive, if just barely. You are a doctor, so start cutting already and not just with manicure scissors!


www.oregonlive.com/business/index.ssf/2010/11/oregon_economic_indicators_tur.html

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