Local Economy Seen As Improving

Things are looking up for the economy in eastern Carolina according to the Bureau of Business Research at ECU.

Economists say we have nearly reached the bottom and there is no where to look but up.

Professors expect to see people going out more and shopping more as excitement about the local economy increases. Dr. James Kleckley says, "I think what your going to see is there is more optimism now and maybe as a consumer we'll go out to eat again or go out a few more times a month than we did before."

Dr. Kleckley says although there have been a lot of layoffs -- the situation isn't as bad as it was a few months ago.


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  • by Banker Location: Greenville,NC on Jun 5, 2009 at 07:03 PM
    THE FAILURE OF OBAMANOMICS. Here's what happened: 1. Household personal income inflation adjusted rose but every penny,and then some went into savings or paying down debts. Consumer spending, on which Obama is betting to stimulate the economy, actually fell. 2. Meanwhile, to pay for this stimulus spending that didn't stimulate, Obama had to borrow so much money that long term interest rates have almost doubled since he took office, forcing postponement of abandonment of business expansion and hiring across the board. What a record! His goal was never to stimulate the economy. His goal was to expand government spending and he used the recession as an excuse to do so. And, by this standard, he is a raging success. But the results are in: None of Obama's spending is doing anything to help the economy. Where is the redistrubtion check Obama promised us to help stimulate the economy? This helped get him elected. Do not be fooled it could get worse.
  • by Banker Location: Greenville,NC on Jun 5, 2009 at 08:28 AM
    THE FAILURE OF OBAMANOMICS Is Dr.Kleckley a Dem Lib I ? his findings Here's what happened: 1. Household personal income inflation adjusted rose but every penny,and then some went into savings or paying down debts. Consumer spending, on which Obama is betting to stimulate the economy, actually fell. 2. Meanwhile, to pay for this stimulus spending that didn't stimulate, Obama had to borrow so much money that long term interest rates have almost doubled since he took office, forcing postponement of abandonment of business expansion and hiring across the board. What a record! His goal was never to stimulate the economy. His goal was to expand government spending and he used the recession as an excuse to do so. And, by this standard, he is a raging success. But the results are in: None of Obama's spending is doing anything to help the economy. Where is the redistrubtion check Obama promised us? This helped get him elected. Do not be fooled it could get worse.
  • by Sam Location: Williamston on Jun 5, 2009 at 08:19 AM
    They better be right! It's hard for me to beleive this guy, but I hope he is right. There needs to be a change for the better in the economy IMMEDIATELY. Not tomorrow, not tonight, now. We all know that wont happen.
  • by G'ville on Jun 5, 2009 at 06:38 AM
    And the powers that be in state government and private industry are meeting daily to discuss more cuts and controls? I'm not agreeing with Dr. Kleckley's "opinion" at all.
  • by Anon on Jun 5, 2009 at 06:36 AM
    Can I assume that Dr. Kleckley doesn't put gas in his vehicle? My income is set, was recently cut and will likely be cut again. I feel like the "experts" are in denial about how gas prices affect families' budgets.
  • by Anonymous Location: Greenville on Jun 5, 2009 at 06:01 AM
    These people who say things are getting better make me sick. Talk to those who are still out of work--those can give you a true picture of how they are getting along. They still have the same bills due and they are trying to live on unemployment. Now to mention their health care--those lucky enought to have goverment jobs have insurance--but everyone is not that lucky. I have not had a raise in 10 years, have insurance but the premiun goes up and the coverage is less. I don't recall getting a tax break and no one cut my payment for living expenses. I don't see where thing are better.So this clown at ECU needs to get his head out of a book and get out and see the real picture.Talk to the average working or non working person and see what they have to say--not getting better.Better yet talk to those people a Hatteras who will be closed to 6 weeks
  • by karen on Jun 5, 2009 at 05:53 AM
    around my house things are still very "lean". Don't know where they see it. Trying to make $150 worth of groceries last two weeks with two kids. Facing pay cuts and now every time I pass the gas station the price has gotten higher. Yeah, things are really looking better. Glad to hear it.
  • by RT Location: Gvegas on Jun 4, 2009 at 06:10 PM
    Depends on where your looking from I'd say. If your someone still laid off then nothing is better. Too son to say we're improving. Taxes have to be raised to pay back the stimulus, gas prices are on the rise which will raise the price of everything else. This is coming from ECU which is looking to cut approximately 100 jobs I think from previous reports so I believe it, right.
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