Digesting all the expert economist’s opinions the U.S. economy should show sustainable growth by the 3rd quarter of 2010.
In my opinion, Delaware’s economy will lag behind the U.S. economic recovery. I have no doubt we’ll see another round of budget cuts next year. I am sure Markell will deliver a leaner size government and the only sustainable job growth will be in education. Also, healthcare services will expand with Delaware’s aging population. However, it would be enough and we’ll need to address budget concerns.
Better days may be ahead however, the middle-aged employees laid off during the recession may need to face the fact that their $$$$ hay days are over. The expansion of the job markets will be filled by young entry level professional and employees. The middle-aged worker is a burden re: healthcare risk factors that are used to set employer healthcare premiums.
Minorities in Delaware will lag behind in the job markets and the influx on illegal immigrations will pickup.
Those who feel small business is the future of Delaware needs to wake up. With small business comes small pay. However, if we can get some small business in the manufacturing sector we’ll have a chance for better paying jobs. Small retail businesses and even another Wal-Mart will only produce low paying jobs.
As Delaware’s economy expands the need for affordable housing will be on its heels. By the second quarter of 2011 Delaware will see improvement in new home construction which helps those in the trades. As far as laborers, this is where we’ll see many illegal immigrants working.
As far as Kilroy, Kilroy will adapt and survive.
Looking down the road at election year 2012, Jack Markell could be on shaky ground for reelection. Healthcare cost will still be eating at businesses bottom-line and I foresee some small business eliminating employer share of healthcare cost. Running a business with 1 And 2% profit margins doesn’t leave much for reinvestments. If I were a betting man, I will put odds on Lavelle making a run for governor and would not rule out Dave Burris for a run a Lt. Governor. But if Matt Denn seeks another term it would be a long shot for any republican to beat him. Yea, Kilroy is wacked because when Kilroy jumped ship to support Markell he still opposed Denn. I’ve taken the time to get to know Matt Denn and he is the real deal. Denn puts more effort in being a sincere person than being politicians. My involvement in regards to Lt. Governor’s race will be in neutral.
Mitt Romney will be the GOP’s horse in the race against Obama. Obama’s downfall may be the inability to deliver promises to the middleclass in which many middle-aged middleclass laid off worker won’t retake their place in the growing economy. I jumped ship because I believed in change and hope and nearly eight months in office Obama did nothing to save my job. This is the first time in 35 years I am without healthcare and now is the time I need it most. Don’t get me wrong, I do blame Bush for this mess but it was Obama who sold the bill of goods for the stimulus and his stimulus is bailing out state government. What about Main Street? Joe, I have grandmother’s antique wood frame enamel top kitchen table that I might have to sell to save the house. Joe, Obama is having a happy hour a professor and a cop to cover his ass. How about inviting an unemployed man that has been working for the last 38 years not living off the government over for dinner?
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