Is Long Island reaching the point of economic obsolescence? (Charlotte: mattresses, unemployment)
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As we go through this economic restructuring (as I write this the DJIA is down 250 points, well below 7000) will Long Island become as obsolescent as Detroit?
The rude fact is that Long Island has no real economy of its own. We once produced aerospace products, but that has been gone for over a decade now. What does Long Island make? We do still have some very productive farms. We also produce wine, but is there anything else?
As we go through this economic restructuring (as I write this the DJIA is down 250 points, well below 7000) will Long Island become as obsolescent as Detroit?
The rude fact is that Long Island has no real economy of its own. We once produced aerospace products, but that has been gone for over a decade now. What does Long Island make? We do still have some very productive farms. We also produce wine, but is there anything else?
Whats up with all the gloom and doom lately NBRES?
LI isnt big on manufacturing but there are alot of other types of industries here that make up for it...finances, healthcare, universities, unions, service sector, etc. 2009 will be rough but I think by 2010 things will begin to turn upwards. Lets hope.
Please give us some background...you are fascinating us, with your strange ideas, and it would be nice to know..."where you are coming from", as it were ?
Considering that the unemployment levels here are a bit lower than the country as a whole I think we will be fine. We are nowhere remotely close to Detroit or anything like that.
Whats up with all the gloom and doom lately NBRES?
LI isnt big on manufacturing but there are alot of other types of industries here that make up for it...finances, healthcare, universities, unions, service sector, etc. 2009 will be rough but I think by 2010 things will begin to turn upwards. Lets hope.
Not to mention all the good stuff coming to BNL.
Long Island is out with a catchers mitt right now, we are prime for economic devlopment.We just need to invest on our infrastructure(Roads/Rails/Sewers).
Id rather be here than anywhere else in the US right now.
We have more money under our mattresses than just about anywhere.
Dont weep for LI, shes always been a magnet for money.
Why do you think its so expensive to live here??
Whats up with all the gloom and doom lately NBRES?
LI isnt big on manufacturing but there are alot of other types of industries here that make up for it...finances, healthcare, universities, unions, service sector, etc. 2009 will be rough but I think by 2010 things will begin to turn upwards. Lets hope.
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These unhappy people, DESIRE, our system of government and way of Life, TO FAIL.
And in terms of today's, current political scene, the majority political party, WANTS to enslave this Nation, with the dependency of it's citizenry, on the Federal Government to provide EVERYTHING, for it.
The majority party, would be, is much more happy, speaking to it's people, in terms of CATASTROPHE, DOOOOM, and GLOOOOM, for the purpose of breaking the spirit of it's basic Ideals.
The way our President, has stampeded the Congress into voting for critical economic legislation, by using Doom Words, is the example of how this "change" will be ATTEMPTED to be accomplished.
We have to be Strong, Reflective, and Deliberative, of the direction we take, in repairing our country's Economy. That is going to take A LOT of strength...but we have it.
Last edited by nancy thereader; 03-02-2009 at 12:31 PM..
Long Island is out with a catchers mitt right now, we are prime for economic devlopment.We just need to invest on our infrastructure(Roads/Rails/Sewers).
Id rather be here than anywhere else in the US right now.
We have more money under our mattresses than just about anywhere.
Dont weep for LI, shes always been a magnet for money.
Why do you think its so expensive to live here??
Crooks
I agree about the infrastructure investment, but what was the last substantial infrastructure project on LI?
Look at my Ten things LI needs to do and you will see that I fully support major infrastructure upgrades, but there are too many other Long Islanders that oppose real change for one provincial reason or another. Without real change we can expect to stagnate in the years to come.
Don't hold your breath for Wall Street either. Although Wall Street is never going to relocate, substantial amounts of investment capital and office operations will relocate. Wall Street faces competition from London, Shanghai and Hong Kong for listings. However, within the U.S. we will see more shifting of financial operations to the new regions of opportunity such as Charlotte, NC.
The billions of dollars that Wall Street feeds into the NY metro economy is likely to shrink. So think of LI as a stem of grapes on a long vine. As Wall Street receives less nutrients the grapes furthest from the main root are going to die first. Same is true of all the outer exurbs of NYC.
The evidence will be in if we see a major correction of housing prices in eastern and central Suffolk first and then a wave of downward prices going from east to west sweeping over LI.
These unhappy people, DESIRE, our system of government and way of Life, TO FAIL.
And in terms of today's, current political scene, the majority political party, WANTS to enslave this Nation, with the dependency of it's citizenry, on the Federal Government to provide EVERYTHING, for it.
The majority party, would be, is much more happy, speaking to it's people, in terms of CATASTROPHE, DOOOOM, and GLOOOOM, for the purpose of breaking the spirit of it's basic Ideals.
The way our President, has stampeded the Congress into voting for critical economic legislation, by using Doom Words, is the example of how this "change" will be ATTEMPTED to be accomplished.
We have to be Strong, Reflective, and Deliberative, of the direction we take, in repairing our country's Economy. That is going to take A LOT of strength...but we have it.[/quote]
Just the opposite.
Have you not read anything I have posted. In fact I have stated more than once that government should get out of the way of market forces. In the restructuring of American life the largest institution of all, the federal government, is going to be severely downsized.
Come to think about it it will be akin to the extinction of the dinosaurs. All the big beasts died off and what was left behind were the smaller animals that will fill the void.
Last edited by nancy thereader; 03-02-2009 at 12:33 PM..
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What was the last infrastructrure project on LI?
