Local economy has a bright future, economist says
Original post made on Jan 23, 2013
Read the full story here Web Link posted Tuesday, January 22, 2013, 5:49 PM
on Jan 23, 2013 at 6:42 am
What a joke! The next few years look "unsure"... but the 10-15 year horizon looks "positive"?... and this equates to a "bright future"? Admittedly, our local economy may stay ahead of the national curve due to local tech companies... unless they decide to flee Cali's ever increasing punitive taxes. Nationally, our economy will remain "sunk" under the continuing spending binge of the Obama administration and it's failure to deal with the structual components of entitlement programs which will only sink our economy deeper into the abyss. The national debt and annual deficit will not allow our economy to flourish... and continuing to hide from the problem and "kick the can down the street" only makes the situation worse. So, Danville Express, continue with your rosie articles that gloss over the debt/deficit problem. The American press has become nothing but a lap dog for the Obama administration by running interference for its continuing failure to provide sensible, economic leadership. Good dog.
on Jan 23, 2013 at 9:57 am
Well said George.
Economists for the Bay Area Council (and similarly others) have no choice but to be positive. They are paid for pure "public relations" and must try and show the best outlook they can. They twist the numbers and economics for the sole purpose of being positive. It's in their job description.
Get a clue people.
on Jan 23, 2013 at 10:56 am
I don't know where this economist got his figures, but Contra Costa does not have the highest median home price in the country. It is beat out by Marin County. Also, just because people seem to be spending now because we live in an affluent area, wait until they have to pay their high state and federal income taxes - for high earners it will be a total of 63%! High earners will feel the pinch when they do their taxes in 2014 when the Affordable Health Care tax of 3.8% hits and the additonal dividend tax hits too. So far it may seem ok, but if government spending continues on the same path and California continues to raise taxes the middle class will feel it too. And retail is doing well! What about all the empty retail space in Danville? I guess he didn't take a look around. This economist did not talk about higher income taxes and how this would effect the local economy and spending habits of the affluent. It was a paid political announcement by a paid political shill.