Wednesday, November 3, 2010

Elkhart is No. 1, and now it's in a good way

This article shares that Elkhart, Ind. is finally starting to come back a bit from the recession, when it got hit really hard. The article states that the unemployment rate in September was around 13% which is 3.1% lower than September 2009, but is still higher than the national average of 9%. Compared to the recent 13%, 2009 was horrible when the area had an unemployment rate of about 20.1%. Even though the area is still hurting, many believe that it was the first to go into the recession and it will be the first to get out of the recession.
If you would like to read more from this article, here is the link: http://lifeinc.todayshow.com/_news/2010/11/03/5403630-elkhart-is-no-1-and-now-its-in-a-good-way

I sincerely hope that people are correct in saying that Elkhart will be the place to lead us out of the recession, because it's about time we start turning things around, and it appears that it's happening little by little. The saying "you need to learn how to walk before you can run," seems to fit nicely in this article because it seems that as a country, in order to pull out of this recession, it's going to be little by little and that's probably the more stable way to approach the situation instead of suddenly spiking up and then having the opportunity to crash and go back to square one. Another thing I like about this article is that it is optimistic, which is crucial to surviving the recession and eventually coming back out of it because if we believe that we aren't going to have a stronger economy then we'll take less risks and save our money which decreases the amount of money in the economy, preventing us from improving. However, if we remain optimistic, then we will go out, spend our money, take those risks and pump money into the economy and stimulate it.

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