Monday, December 10, 2007

Are all Recessions bad?

UO economists tell the NW could be headed for a recession. What's that, NW Oregon?
Perhaps the first clue came from all the business closings in Oregon and all the empty commercial buildings with For Lease signs that are starting to weather in place. Next time they should use some UV resistant paint.
I have been watching this come for about five years while other states have been ripping and roaring Oregon has remained stable. In other words stagnant.
The last few employment numbers coming out showed where Oregon's job growth was mainly in service sector and government employment. Golly, I forgot that government workers pay taxes too. So what's to worry?
The best part of all this is, those on the lowest end of the economic ladder will feel the loss the most and they who we all know are the Illegal Aliens and those they have displaced by stealing their jobs.
The folks that have been displaced can't go much lower, but the Illegal Aliens from Mexico who have turned Salem into a cesspool can sure as hell can go back to from where they came.
And, the Tax Trough dippers who support them with social programs will find their funding evaporating like next years kicker check.
My guess we Oregonians can think of the near future as an experience something like a Enema. It might be uncomfortable in the process butt the end result will be most pleasurable.

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