State Of The Economy: Is Ohio Recovering?
COLUMBUS, Ohio—The Obama administration announced Friday that 650,000 jobs have been saved or created under the President’s stimulus plan, claiming that America is on track to create or save 3.5 million by December 2010.
But while that’s the view of the president, how does the economy look on Main Street?
NBC 4 talked to two business owners in Central Ohio who have very different stories to tell.
Small businesses like Westerville’s Barstow’s Gifts & Engraving are still struggling.
“Part of our business is down by two-thirds. I don’t believe things are turning around in Ohio just yet,“ said owner Leanne Bishop. “I haven’t seen any change at all.“
The shop has operated for 40 years. Bishop believes until the car manufacturers start rebuilding and other industries start hiring again, the recession will continue to put the squeeze on small businesses.
But next to the shot at the Blue Turtle Tea and Spice Company, you’ll find an economic success story.
The company is one of the many new businesses in the recession.
“We carry items people are using more of during the recession. People are cooking at home more,“ said Amanda McGiffin-Knoll.
What’s the real story? Are the national numbers translating into growth in Central Ohio?
Bill Lafayette with the Columbus Chamber said the gross domestic product growth is good news and more than government sponsored programs.
“Non-durable consumer goods like food, clothes and stuff like that also grew,“ Lafayette said.
As for job growth, there are three indicators Lafayette looks at to determine the return of jobs: increase in production work hours, increase in temporary work and new hires.
Central Ohio is seeing the first sign—but the other two are far off.
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Reader Reactions
Ohio and other economy maybe recovering however, it is never enough to get the life back of our people. I can also see that the government is doing everything they can to at least at ease the pain and struggles of the people. However, there is a debate raging whether the government should intervene during recession. Some believe that government should do nothing, and scale back as far as possible, especially taxation, so that the market can take care of itself. Others believe the government should launch huge works projects, or works projects that pay as little as possible, so that there’s at least a fall back. However, government butting in on every action does no good save for those doing the butting, and for every action has a consequence. If there’s too much government intervention for debt relief – we cripple ourselves to save ourselves, and empower the wealthy over the working.
Ohio’s problem is that the jobs we lost are permanent. With less than 23% of Ohioans having a college degree, we need jobs where you stick little washers on bolts on an assembly line all day. It will do most of the unemployed little good if a company shows up that needs ten experienced solid model draftsmen, for example. We are in a race to the bottom with Michigan and Indiana to be the Mississippi of the 21st century.
I don’t think so. I have friend who after working 7 years at an east side company was told he will be without a job next June because the company is moving to Indiana.
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