Colorado...slated for an early recovery?????

[Josseppie]

Originally Posted by wanneroo

That's not reality though. All those energy programs, if actually funded, take years and years for the infrastructure to be built. The benefits, if there are any, take years to happen. Therefore your claim the federal government will be paid back immediately is not true. And paying for it with money we don't have isn't too bright either.

Hence using that to support your predictions of 2nd qtr, then 3rd qtr, then 4qtr and now 2010 "recovery" is not factual and it's completely untrue.

"Alternative" energy still came show much in the way of actual returns.

It might take years for the infrastructure for the alternative energy companies to be built but it will take thousands of people to build it. So the economy will be given a boost from the construction activity while it is all being built then once it is done it will get a boost from the companies hiring people and secondary companies moving in and the construction of them and then when they hire people etc. In the end I believe that this will be great for the Colorado economy, but it wont happen overnight.

Now you seem to think that when I say Colorado will start to come out of the recession in 4th quarter that things will be back to normal by Christmas. I am not saying that at all I am just saying that we will start to see growth in the economy but it will be a while before it is back to were it was before the recession began.

[sterlinggirl]

Colo. crisis worst since Depression - The Denver Post

Colorado lawmakers who have already balanced a budget shortfall of $1.4 billion now must come up with an additional $384 million in cuts, marking this as the worst downturn for state government since at least the Great Depression.
Worse than earlier this decade, when the state was forced to cut $1 billion and made national news after lawmakers decided to end Medicaid benefits for legal immigrants, including Russians who had survived World War II.
Worse than in the 1980s, when a crisis in the oil industry, real estate and savings-and-loan institutions created economic havoc.
Even in a state used to cycles of boom and bust, the current malaise is unprecedented.

[motoracer51]

Still think things are going to turn around this year Josseppie?

Welcome to GJSentinel!

DENVER (AP) - The latest revenue forecast from Colorado legislative economists predicts the state’s unemployment benefits fund will dip below zero in the next year before rebounding the year after that.

Having a negative balance would require the fund to borrow money from the federal government to pay benefits.

The forecast released this week was worse than one from the Colorado Legislative Council Staff in March, when it predicted the fund balance would approach insolvency with $44 million by June 30, 2010.

Legislative economists say mass layoffs, plummeting employment and increased benefits payments are affecting the fund, which is financed by state and federal assessments on employers.

[wanneroo]

From what I hear from all my friends in Vail, business is DEAD. Daytrippers are still around, but the "destination" business is dead quiet. Usually in the summer you'd get a mix of corporate business and some destination travelers and both groups haven't turned up and most that prebooked, canceled.

The real estate market is still trying to live in 2006 there, but it's dying a painful death.

These "green" wasteful jobs jossepie keeps talking about will take years to come on line, if at all.

With the combination of other industries flatlining I think Colorado is in for hard times again.

Colorado used to be a cool place to live because you could get a cool job with nice pay but be able to afford a decent house. The housing market got California fever and it's just not that attractive anymore.

[Josseppie]

Originally Posted by motoracer51

Still think things are going to turn around this year Josseppie?

Welcome to GJSentinel!

DENVER (AP) - The latest revenue forecast from Colorado legislative economists predicts the state’s unemployment benefits fund will dip below zero in the next year before rebounding the year after that.

Having a negative balance would require the fund to borrow money from the federal government to pay benefits.

The forecast released this week was worse than one from the Colorado Legislative Council Staff in March, when it predicted the fund balance would approach insolvency with $44 million by June 30, 2010.

Legislative economists say mass layoffs, plummeting employment and increased benefits payments are affecting the fund, which is financed by state and federal assessments on employers.

I do but unfortunately unemployment is a lagging indicator so that might go up through the first part of 2010. It will be interesting to see what it is in the following months as the latest state figure was 7.6%.