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McNerney cautiously optimistic regarding finances

Congressman tells business group that recession is slowing

California could be seeing the light at the end of the tunnel. That was the word from U.S. Rep. Jerry McNerney (D., 11), who addressed around 60 members of the Tri-Valley Business Council.

Speaking July 2 at the Crow Canyon Country Club, McNerney expressed optimism concerning the ongoing national and state financial crisis.

"I want to say that the financial crisis is stabilizing and the economy seems to be recovering," he stated. "That's the good news. Now, there are clouds on the horizon. Future shocks are certainly possible."

The congressman pointed to a large sector of homeowners with sub-prime mortgages who may still be in danger. He added that the government has put into place a program to allow homeowners to refinance with long-term stable home loans in order to help residents maintain their homes without risk of foreclosure.

While California's fiscal situation remains bleak for the moment, McNerney said the Bay Area in particular is poised to make a strong recovery based on several points.

"We're right in the nexus between Silicon Valley and the resources of the San Joaquin Valley; 580/680 is a tremendous transportation region," he said. Other points were that the housing decline had not hit here as hard as other places, the strength of small businesses, and the quality of the schools.

"The reason people move here is our schools," he said. "The reason businesses move here is the schools. They want a good, healthy safe community and that's what this is. This a community that cares about their kids."

At the federal level, the congressman said he feels leaders are making significant strides in moving the country forward.

"We've put a financial system in place that will require loans to be backed with the proper amount of equity," he said.

Under the Obama administration he said that they are continuing to put together a health reform package that will be usable by all Americans.

"If you have a health care package you like, you'll still be able to keep it. What we're going to offer is a public health option that allows people to participate in a health insurance program regardless of where they're employed, regardless of who they work for, and regardless of any pre-existing conditions," McNerney explained.

He also said the administration will be pushing for more wellness and prevention, as well as reform of both the health and insurance industries.

It all adds up to a lot of change, McNerney told the business council members.

"It's a challenging time, it's an exciting time, it's a scary time," he said. "I know there's pain out there, and yet we have to move forward. We have to create a great economy, one that is not subject to the whims of the oil market. One that doesn't threaten our environment through catastrophic climate change."

He added, "Those are the changes that are happening. There's an urgency because there's momentum. The American people demanded change and we're going to go ahead and move to the best of our ability."

Comments

 +   Like this comment
Posted by Rick
a resident of Danville
on Jul 15, 2009 at 8:05 am

He mentions the importance of schools, but he says they're important because people want "good, healthy, safe communities." Yes, we do. Having good schools is not the same as having fiscally-mismanaged schools that people throw more money than necessary at. So, don't confuse the two. Secondly, a safe community is not created when you import child-killers into Danville via group homes.


 +   Like this comment
Posted by Rick Pshaw
a resident of Danville
on Jul 15, 2009 at 8:14 am

How would McNerney know anything about being "cautiously optimistic?" He hasn't read a single bill that he's voted for. We didn't elect this character to mouth platitudes and ignorantly vote the straight party line. A rubber stamp could do his job.


 +   Like this comment
Posted by Mike
a resident of Danville
on Jul 15, 2009 at 10:28 am

What a shameless partisan party hack, this Mc Nerney is. He is trying hard to stay on Obama's coat tails (not that this is something to be proud of) by singing party platitudes. We are in no better shape than we were under the previous administration, and the nation is now in a horrendous natinal debt predicament.


 +   Like this comment
Posted by Duffy
a resident of Danville
on Jul 15, 2009 at 1:09 pm

Representative McNerney has not read his latest orders from the White House. The party line
is that the economic crisis is worse than they thought, recovery is still a way off and high unemployment will continue beyond the initial signs of recovery. In other words they don't have the slightest idea what the hell they are doing!

The only cautious optimism I can sense is that we can dump political hacks such as McNerney come 2010.


 +   Like this comment
Posted by Mike
a resident of Danville
on Jul 15, 2009 at 4:02 pm

McNerney has got to go. Does not have a clue about the economy. Guess we agree he is a partisan hack!Not an original thought in his head.
Can someone explain why he left West Point?


 +   Like this comment
Posted by James
a resident of Danville
on Jul 17, 2009 at 8:14 am

I didn't know we were represented by Barbara Lee.

We might as well be; compare the voting records .... McNerney votes 'lockstep' with her all the time.

If you love Barbara Lee you must love McNerney.


 +   Like this comment
Posted by Californian
a resident of San Ramon
on Jul 17, 2009 at 8:49 am

Now, Rick - your ignorance is bleeding through again. Your comments about mismanaged school are spot on....however, the mismanagement sits squarely upon the shoulders of state government, not the local school district.

If you did a little bit of open-minded research, you would find that SRVUSD gets the biggest bang for their buck in terms of education dollars than nearly every other district in the state. They receive far less funding from the state than most other districts and have a stellar (and growing, I might add) API score.


 +   Like this comment
Posted by Rick
a resident of Danville
on Jul 17, 2009 at 10:58 am

One of my main points is that our local problem is due to our state problems. Thus, we can not separate the two and must demand our state on the whole cut spending. We can use local political action to make state lawmakers change their ways


 +   Like this comment
Posted by Californian
a resident of San Ramon
on Jul 17, 2009 at 11:31 am

There are those in this valley who have spent far more time and energy than you know using local political action to influence our state leaders. Perhaps your time would be better spent doing that than producing vitriolic misinformation and innuendo on this blog. When was the last time you were in your State Assemblyman's or State Senator's office? Are you planning on attending any of the Town Hall meetings sponsored by Repair California?

Your comment suggests that we put California's future at risk because their parents and grandparents screwed up California. We all have responsibility for the California we have - it's time we all understand that. Thank God for communities like ours who not only have high standards where our childrens' education is concerned, but have high standards for the district that serves them. We should be proud of both.


 +   Like this comment
Posted by Rick Pshaw
a resident of Danville
on Jul 17, 2009 at 11:54 am

How does being a party-line, rubber-stamp hack qualify as having high standards? I could carve a better congressman out of a potato.


 +   Like this comment
Posted by Nan
a resident of Danville
on Jul 20, 2009 at 5:38 pm

The parents have always been the reason our schools are doing well. They are in the class, buying wrapping paper, cookie dough, car washes. I think the students who have to earn their trips by singing or doing community jobs, are the ones who gain the most. There are some average teachers, and some outstanding, the students who I worked with for 12 years, ended up at top schools and were successful and prepared. There was only one class, freshman english that had less than 33 students K-12 for our kids. I think it raised the bar for all of them. There really isn't a need to have administrators who make so much at the district!


 +   Like this comment
Posted by Rick
a resident of Danville
on Jul 20, 2009 at 8:54 pm

Nan, I could not have said it better. You're awesome


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