Rebound requires stimulus
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The Chapman University report is quite optimistic to suggest that the deep morass we are facing will improve by 2010. (“No recovery until 2010, Chapman says,” Dec. 10.) There is little likelihood that the daily reports of the increasing economic crisis will permit such a quick turnaround.
With the auto industry in major danger of collapsing and U.S. factory activity at its lowest level in 26 years, joblessness is soaring and the economy is shrinking on a daily basis. Is there any doubt we are well into an escalating recession with more doom and gloom yet to come?
Now is the time to be focusing on improving our infrastructure problems, such as improving our roads, bridges, and tunnels, schools, railroads and other projects that would create millions of jobs and stimulate the economy in a meaningful manner.
Ira Landis
Oceanside
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