Friday, November 14, 2008

Trickle Down Economy Problems Hits Home

Just a few short years ago in 2006 Butler County hit a record high in creating
new jobs. ( Full Story ) Today the Nation faces economic challenges and effects of the struggles have certainly hit home. For the first time in 26 years Butler County will have to take out a federal loan as soon as next month to keep unemployment checks flowing. Gov. Ted Strickland is requesting federal aid through congress so that doesn't have to happen. ( Full Story Here ) Cuts into Jobs and Family services could go deep and cost hundreds of jobs and the loss of several programs.AK Steel is closing two branches. Hamilton County is reporting as many as 500 jobs could be lost and Nation wide people are getting "pink" slips.

So how is our new President Elect plan to get us out of this? Well the Huffington
Post reports that Total US debt has increased from $5.8 trillion in 2001 to $10.6 trillion today. Obama's plan of deficit spending is reported to be our only way out of our crumbling economy. It is very important to keep the flow going. While many are not fans of govenment involvement in business, times like these offer us little choice ( Read HP story here)

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