Friday, October 24, 2014
YOLO COUNTY NEWS
99 CENTS

‘Fiscal cliff’ threatens improving economics

By
From page A6 | December 13, 2012 |

The issue: Without a balanced plan by the end of December, we’ll plunge back into recession

You know the election is over when the unemployment picture improves and President Barack Obama doesn’t come bounding out of the Oval Office to tout the progress. Last Friday’s jobs numbers showing that 146,000 jobs were added in November and that the unemployment rate has fallen to 7.7 percent are heartening. That’s a full percentage point below a year ago.

THE NUMBERS are especially surprising given the billions of dollars in damage to the Northeast from Hurricane Sandy. We remain slightly suspicious of the analysis by the Bureau of Labor Statistics that Sandy did not have a large impact on the national economy. We reserve judgment on that point.

But for now, we’ll take the good news that unemployment is at a four-year low. That’s not good enough, to be sure. Millions of Americans remain unemployed or, nearly as bad, underemployed. But retail job growth is improving, an indication that consumer confidence is rebounding. There will be no full recovery without consumer spending.

That’s why this “fiscal cliff” impasse is so critical. If Obama and House Speaker John Boehner, R-Ohio, do not come up with a balanced plan by the end of the month to avert tax hikes on everyone, but also to show that spending restraints are a reality, the economy will plunge back into recession.

There is no reason (other than politics) to prevent these two men, who both care deeply about this country, from reaching a solid agreement behind closed doors that will reassure the stock markets and set the ground work for a full-scale fiscal plan next year.

Business yearns for certainty, and real hiring will not begin until there’s more confidence that Washington can get its act together.

THERE’S MORE good news in that Apple, one of America’s most successful companies, plans to spend $100 million to make some Mac computers in the United States once again. (Elk Grove officials are hopeful that the jobs will come to this region; Apple already has a manufacturing facility on Laguna Boulevard.)

It won’t be easy — we have lost an alarming component of skills and supply chains to other nations. But without reinvigorating our manufacturing base, the national economy will not rebound to where it must be to get this country back on track.

Comments

comments

.

News

A-Z: Downtown Davis is the place to celebrate

By Kimberly Yarris | From Page: C1

 
Courageous Thompson tapped for cycling shrine

By Bruce Gallaudet | From Page: A1 | Gallery

 
UC researchers: How low-water can our landscapes go?

By Katie F. Hetrick | From Page: A1 | Gallery

Testimony begins in Winters murder trial

By Lauren Keene | From Page: A1 | Gallery

 
Hong Kong protesters to vote on staying in streets

By The Associated Press | From Page: A2

 
Cloud business lifts Microsoft’s quarterly results

By The Associated Press | From Page: A2

 
Yoga and chanting workshop planned

By Enterprise staff | From Page: A3

Downtown menu: coffee, boba tea, dessert

By Wendy Weitzel | From Page: C3

 
Can you give them a home?

By Enterprise staff | From Page: A3 | Gallery

Scientists work to save endangered desert mammal

By Kat Kerlin | From Page: A3 | Gallery

 
Host families needed for students and teachers from Mexico

By Special to The Enterprise | From Page: A3

Halloween Dance set Friday for teens

By Enterprise staff | From Page: A3

 
Day of the Dead folk art class set

By Enterprise staff | From Page: A4

Flea Market planned Sunday

By Enterprise staff | From Page: A4

 
Enjoy A Taste of Capay at historic ranch

By Enterprise staff | From Page: A4

Red-hot tunes set at Blues Harvest

By Enterprise staff | From Page: A4

 
Learn how to fill a cornucopia with flowers

By Enterprise staff | From Page: A4

Video highlights Props. 1 and 2

By Special to The Enterprise | From Page: A4

 
‘Homeopathy at Home’ program planned

By Enterprise staff | From Page: A4

Celebrate origami at Davis library

By Enterprise staff | From Page: A4

 
Garden sale and open house features water-wise demos

By Special to The Enterprise | From Page: C4

Meet Poppenga at dog park Sunday

By Enterprise staff | From Page: A4

 
Bay Bridge art project needs $4 million to keep shining

By San Francisco Chronicle | From Page: A5 | Gallery

Weir honored, a year early

By Enterprise staff | From Page: A5

 
For a good cause

By Fred Gladdis | From Page: A6

Americans, internationals make connections

By Enterprise staff | From Page: A6

 
Explorit: Poison-proof your home with free lecture

By Lisa Justice | From Page: A6

Sutter auxiliary seeks volunteers

By Special to The Enterprise | From Page: A7

 
School board hopefuls discuss homework policy

By Jeff Hudson | From Page: A7

Walkers welcome to join Sierra Club outings

By Enterprise staff | From Page: A9

 
Project Linus seeks donations

By Enterprise staff | From Page: A9

.

Forum

The magic is long gone

By Creators Syndicate | From Page: B5

 
What’s next with Ebola?

By Letters to the Editor | From Page: A10

More theories on the abstention

By Letters to the Editor | From Page: A10

 
Rights beget responsibilities

By Letters to the Editor | From Page: A10

Water returns to its source

By Letters to the Editor | From Page: A10

 
A solution to the drought

By Letters to the Editor | From Page: A10

Experience nature’s treasures

By Letters to the Editor | From Page: A10

 
Subs have other concerns

By Letters to the Editor | From Page: A10

 
Tom Meyer cartoon

By Debbie Davis | From Page: A10

.

Sports

DHS footballers take on Pleasant Grove

By Enterprise staff | From Page: B1

 
Bye No. 2 comes at perfect time for nicked-up UCD

By Bruce Gallaudet | From Page: B1 | Gallery

Shhh. Are Aggie women BWC’s best-kept secret?

By Bruce Gallaudet | From Page: B1

 
Bump, set, playoffs: Blue Devil girls clinch spot in postseason

By Thomas Oide | From Page: B1 | Gallery

Aggies expect a bonny meeting in Sacramento

By Bruce Gallaudet | From Page: B1

 
UCD roundup: Preseason awards roll in for Aggie hoopster Hawkins

By Enterprise staff | From Page: B2 | Gallery

 
Sharks suffer from road woes

By The Associated Press | From Page: B12

.

Features

.

Arts

DMTC plans ‘My Fair Lady’

By Special to The Enterprise | From Page: A11

 
Czech Philharmonic Orchestra to perform

By Enterprise staff | From Page: A11

Calling all artists for upcoming show

By Enterprise staff | From Page: A11

 
‘St. Vincent:’ Quite a character

By Derrick Bang | From Page: A11 | Gallery

Rumpledethumps to play at Village Homes Performers’ Circle

By Enterprise staff | From Page: A11 | Gallery

 
.

Business

 
Car Care: Five things to ask yourself when shopping for a new vehicle

By Special to The Enterprise | From Page: B7

.

Obituaries

Lewis Melvin Dudman

By Special to The Enterprise | From Page: A4

 
Ann Foley Scheuring

By Special to The Enterprise | From Page: A4

.

Comics

Comics: Friday, October 24, 2014

By Creator | From Page: B3