Indiana's Economic State (Fort Wayne, Muncie, Anderson: 2009, loans, how much)

[Future Trooper]

How do you feel the current Economic state for Indiana is right now in these tough economic times?

With announcements atleast once a week that some company is laying off workers and the state unemployment rate at 7.4% wages are being slashed and the price of living in indiana is on the rise. I think Indiana's Economic Forecast is looking pretty gloomy for 2009.

[Toxic Toast]

I think we'll be ok. This is just a rough patch, things will bottom out early next year, I think, and then recover. I only say this because I work in an industry heavily dependent on the economy and companies making new hires. Things in that regard are showing signs of improvement, hopefully these positives continue and we can turn this economy around.

[domergurl]

We are one of the few states that aren't in distress financially.

[Jaxson]

True domergurl but we are asking for congress loans to pay the unemployed in our state at an alarming interest rate.

With the state capping the property tax it has only shifted the burden onto cities and counties to implement the LOIT (local option income tax) and user fees on things that were included in our property taxes before. I don' t see spending cuts that need to be done everywhere in our government.

In depressed areas all across our state it will become harder to survive all these increases. Towns dependent on factories in their areas are going to be feeling the trickle down effects of the Big 3 restructuring as well heavily.

I don't think we are going to bounce back quickly in 2009 but I know we are a state of people that can take the hits and keep on going.

[Future Trooper]

Originally Posted by Jaxson

True domergurl but we are asking for congress loans to pay the unemployed in our state at an alarming interest rate.

With the state capping the property tax it has only shifted the burden onto cities and counties to implement the LOIT (local option income tax) and user fees on things that were included in our property taxes before. I don' t see spending cuts that need to be done everywhere in our government.

In depressed areas all across our state it will become harder to survive all these increases. Towns dependent on factories in their areas are going to be feeling the trickle down effects of the Big 3 restructuring as well heavily.

I don't think we are going to bounce back quickly in 2009 but I know we are a state of people that can take the hits and keep on going.

I see Anderson-Muncie area,Kokomo and Northwest Indiana being effected the most by the Big 3 restructuring

[Jaxson]

Originally Posted by gdude

I see Anderson-Muncie area,Kokomo and Northwest Indiana being effected the most by the Big 3 restructuring

True but you better believe there are a lot of workers in those plants that live in neighboring towns as well paying county taxes. Indiana isn't going to be the only one hurting because of the Big 3 our whole nation will hurt. It is going to affect schools, libraries, law enforcement, hospitals because they won't have the 'gravy insured' that carries the load in their income budgets. Every 'down the line' supplier to the Big 3 is feeling the cuts now with lay offs. Johnny and Jane will be feeling it next~~~ that is us.

We were in Kokomo a few nights ago a huge car dealer right on the US 31 bypass is closed. This is going to be happening more and more all across the nation.

It is time everybody pays down their debts as quickly as possible and hunker down for the storm that will hover over us for a little while. You couldn't get me to make a big purchase right now if I had to.

If all these LOITs get passed with IN unemployment rate over 7% how are they going to get funded if the Big 3 downsize or close? Towns and cities need workers to pay into the LOIT if they are without jobs no income tax is being withheld now is it?

[katkat05]

The state may not be stressed financially (Mitch sold the toll road and got a ton of cash?), but people ARE suffering. My husbands factory was one of many that closed the doors forever and most of those jobs are now paying 1 dollar per hour in Mexico! (NAFTA sucks)
So anyone out there hiring in the Fort Wayne area or south/west of their let us know. He has worked for years as a machinist/tool die maker.

[Future Trooper]

Originally Posted by katkat05

The state may not be stressed financially (Mitch sold the toll road and got a ton of cash?), but people ARE suffering. My husbands factory was one of many that closed the doors forever and most of those jobs are now paying 1 dollar per hour in Mexico! (NAFTA sucks)
So anyone out there hiring in the Fort Wayne area or south/west of their let us know. He has worked for years as a machinist/tool die maker.

The State is stressing a little bit. They are freezing the pay increase for state employees. Indiana has more flexibility right now than almost any other state right now. So that is a key factor on why Indiana is better off than almost all of america right now.

[Jaxson]

Originally Posted by gdude

The State is stressing a little bit. They are freezing the pay increase for state employees. Indiana has more flexibility right now than almost any other state right now. So that is a key factor on why Indiana is better off than almost all of america right now.

gdude that is the fluff main street media is selling you brother. Like katkat05 said Indiana's people are suffering all across this fine state. Job losses, unemployment benefits ran out, an aged work force needing to find new jobs. I can give you off the top of my head at least 15-20 people 50 and over who are out of work because of closings, benefits have ran out, no advanced schooling with some, other that did go back to school can't get hired because of their ages or no experience in the field they went back to school for!

If our man Mitch wants me to believe his hype then he would not be asking congress for any loans, aid or help with nothing. Just as many good Hoosier families are doing to make ends meet and still keep their heads above water. When the going gets tough the tough get going but no "toughies" I know are driving to congress for a loan.

[domergurl]

I wonder how much of that toll road money that was squandered in the market?