Sunday, May 3, 2015
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

Breaking barriers: For Prieto, it’s all about hard work

By Lauren Keene | From Page: A1 | Gallery

 
Council to hear about drought pricing

By Dave Ryan | From Page: A1

Peaceful Baltimore demonstrators praise top prosecutor

By The Associated Press | From Page: A2

 
Nigeria: Nearly 300 freed women, children led to safety

By The Associated Press | From Page: A2

 
For the record

By Enterprise staff | From Page: A2

 
Graveyard thefts land three Woodlanders behind bars

By Lauren Keene | From Page: A3

Downtown altercation leads to injuries

By Anne Ternus-Bellamy | From Page: A3

 
Woman arrested for brandishing knife on overpass

By Anne Ternus-Bellamy | From Page: A3

Yolo DA launches monthly newsletter

By Enterprise staff | From Page: A3

 
Can plants talk? UCD prof will answer that question

By Special to The Enterprise | From Page: A3 | Gallery

A Scottish setting for local author’s next book

By Special to The Enterprise | From Page: A3

 
Free beginner yoga class offered

By Enterprise staff | From Page: A4

 
Video discusses surveillance of prostate cancer

By Special to The Enterprise | From Page: A4

NAMI support group meets May 10

By Enterprise staff | From Page: A4

 
Dr. G featured on the radio

By Special to The Enterprise | From Page: A4

Fee proposed on rail cars that haul oil, other flammables

By The Associated Press | From Page: A4 | Gallery

 
Indoor Fun Fly comes to Woodland

By Enterprise staff | From Page: A4

 
Internships move UCD doctoral students beyond academia

By Julia Ann Easley | From Page: A5 | Gallery

Make Mom a warm vanilla sugar scrub

By Enterprise staff | From Page: A6

 
The secret to Mother’s Day gifting success: Give time, not stuff

By Special to The Enterprise | From Page: A6

Letter book is series of collected missives thanking Mom

By The Associated Press | From Page: A7

 
If your mom fancies something fancy, consider a tea party

By The Associated Press | From Page: A7

Out of Africa and back to Davis: James Carey will give special presentation

By Kathy Keatley Garvey | From Page: A9 | Gallery

 
Big Day of Giving makes philanthropy easy

By Tanya Perez | From Page: A10 | Gallery

Tuleyome Tales: How are a snake and a mushroom alike?

By Special to The Enterprise | From Page: A12 | Gallery

 
Tuleyome hosts Snow Mountain camping trip

By Special to The Enterprise | From Page: A12 | Gallery

.

Forum

End of life doesn’t mean life must end

By Special to The Enterprise | From Page: B4 | Gallery

 
Advancing education for California’s former foster youths

By Special to The Enterprise | From Page: B4

With sincere gratitude

By Letters to the Editor | From Page: B4

 
A wonderful day of service

By Letters to the Editor | From Page: B4

Please help Baltimore

By Letters to the Editor | From Page: B4

 
Eyewitness to the ‘fall’ of Vietnam: It was not a bloodbath

By Special to The Enterprise | From Page: B5 | Gallery

He can’t give it up

By Creators Syndicate | From Page: B6

 
 
Dangers from prescription pills

By Special to The Enterprise | From Page: B6

.

Sports

UCD softball splits with Titans

By Enterprise staff | From Page: B1 | Gallery

 
Trifecta of Devil teams open playoffs Tuesday

By Evan Ream | From Page: B1 | Gallery

 
Defending champ DHS clinches a baseball playoff berth

By Enterprise staff | From Page: B1

Making memories at Aggie Stadium

By Wayne Tilcock | From Page: B3 | Gallery

 
Sports briefs: DHS boys win to reach lacrosse playoffs

By Enterprise staff | From Page: B3 | Gallery

UCD roundup: Aggie women speed past Hornets

By Enterprise staff | From Page: B12 | Gallery

 
Pro baseball roundup: Hudson pitches Giants past Angels

By The Associated Press | From Page: B12

.

Features

.

Arts

.

Business

Arcadia partners on soybean trait to improve yield

By Special to The Enterprise | From Page: A8

 
Marrone opens new greenhouse

By Special to The Enterprise | From Page: A8

 
New firm helps students on path to college

By Wendy Weitzel | From Page: A8

Yolo County real estate sales

By Zoe Juanitas | From Page: A8

 
.

Obituaries

.

Comics

Comics: Sunday, May 3, 2015

By Creator | From Page: B8