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Friday, January 12, 2007

Helping the local economy

What are you willing to do to help our local economy?
That's the question we pose today after the story "Region's economy stagnant," stuck out like a sore thumb.
Why is it that Greater Cincinnati continues to lag while other regions - including the South and Southwest - grow more robust?
We have strong highway infrastructure. Our network of colleges and universities are among the strongest in the country. And we have a highly trained and highly skilled work force. But unemployment throughout Greater Cincinnati and Northern Kentucky through November was 4.8 percent, including the loss of about 1,700 manufacturing jobs.
This continues a longstanding downward slide experienced by Rust Belt areas. And that highly skilled work force is getting older.
An Enquirer poll showed local residents are less optimistic today than they were three years ago about the shape of their personal finances.
Employees need to be able to learn new skills. We have to attract more 21st century innovators to the region to start businesses and support them. Our education system must adapt.
Those are macro ways to improve our economy. But there practical ways you can improve the economy and your personal finances by doing small things:
Spend less.
Save more.
Stop misusing credit cards.
Drive less.
Sure, institutional investors steer large economic shifts, but small businesses and thrifty individuals have a great impact on their local economies.
In the coming days, we'd like to hear from you. Tell us changes you think we all can make to turn the tide from a stagnant economy to a more vibrant one.


5 Comments:

at 12:15 PM, January 12, 2007 Anonymous Anonymous said...

Mr. McCauley, do you understand basic economics? Have you heard of the leverage effect of spending money, increasing business development, and increased money recirculation? I forget Milton Friedman's terminology.

However, if you were indirectly referring to spending money wisely and only spending within your means, then I agree with you misplaced statements. Bankruptcy helps few in the public or private sector.

Drive Less? How does this help the local economy?

 
at 1:46 PM, January 12, 2007 Anonymous Anonymous said...

The key to economic development in our area is to replace bad government with good government. Elected officials just can't get anything done here. Corporate welfare for the Mike Brown, REDs owner, offers to Nordstrom etc haven't produced a vibrant city. The city is not user friendly...its easier to get a parking ticket here than to find a police officer when someone is getting assaulted, robbed, raped, or murdered. They aren't taking care of serious crime because they are too busy making life miserable for patrons to downtown businesses who don't make it back to the meter in time. Million dollar lofts in downtown? where do they get a bottle of milk and a loaf of bread at 10 o'clock at night without getting killed? Figure it out....its all about poor management of the city for years and years.

 
at 6:35 PM, January 12, 2007 Anonymous Anonymous said...

I second that emotion! The difference is in the leadership. We've had NONE for years... There was a time, when I initially arrived in Cincinnati, when it was vital and popular and fun--it was also run by mature individuals for whom leading Cincinnati was the ultimate task. Now it seems all we get is a succession of yuppies for whom this job is merely a stepping stone to something grander and more ego-satisfying...

 
at 8:06 AM, January 14, 2007 Anonymous Anonymous said...

How about taking care of America. Two Ford plans right here at home suffering badly. Best middle class jobs in existance. Yet people are lining up with thier money at the toyota dealership ready to support Japan.
After WW2 guess who said they would take us from the inside next time. After they break our back do you think they will still make nice? Ford alone employs more Americans than all 17 foreign automakers. Check out www.levelfieldinstitute.org for more. THINK!

 
at 1:06 PM, January 15, 2007 Anonymous Anonymous said...

We are in a Global free-choice economy. When Ford makes a better product at a competitive price the American consumer will buy it.

What else do you expect from the USA consumer? Protectionism is not the answer. Competitive products and services win sales.

 
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