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2008-12-02 Home Front Economy

Officials Vow to Act Amid Forecasts of Long Recession

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Posted by tipper 2008-12-02 07:15|| || Front Page|| [1 views ] Top

#1 If you are employed in the manufacturing or finance businesses you are probably in for a long hard slog. Everyone I talk to in the Engineering business is going like gangbusters right now, I have no idea how. Maybe 'project' money lasts a couple of years after the economy takes a turn. I recently interviewed with a company in CA that has work booked through 2010 and wants to add 20% to their workforce. So it all depends on what industry you are in I guess. Some seem, at least to me, to be doing fine.

Posted by bigjim-ky 2008-12-02 09:19|| 2008-12-02 09:19|| Front Page Top

#2 at least in infrastructure construction and design, phases of work are obligated (funds secured) years before needed. It's a FHWA requirement that before you get a phase OK'd, the next has to have funding identified

Posted by Frank G">Frank G 2008-12-02 12:36|| 2008-12-02 12:36|| Front Page Top

#3 That is true, Frank. The only thing is that if the financial crisis gets too serious, drastic measures might be made and that would include freezing already committed funding for infrastructure projects. The dems are in charge, and they are dumb enough to run the ship of state right into the rocks.

Posted by Alaska Paul 2008-12-02 12:54|| 2008-12-02 12:54|| Front Page Top

#4 I'm from the government and I'm here to help!

Posted by Bright Pebbles 2008-12-02 16:08|| 2008-12-02 16:08|| Front Page Top

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