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If you missed the January program, Lunch with Lucy Dunn, you missed the most positive economic forecast in southern California. Simply put, “Orange County is still a great place, and still has a great climate.” Unemployment in the OC is down from 9.8% to 9.4%, a small but significant amount nonetheless. Finding our way out of this declined economy will take some time and some patience. With a little perseverance and a focus on four things we can prevail. Enter the “R” Factor: Residence, Recovery, Reform, and Resilience.
Residence: Let’s face it Orange County is a diverse county. No longer a bedroom community, Orange County accounts for more population than 22 states in the union, and is the 5th largest county in America.
Recovery: It’s out there - your patience will be rewarded. As Ms. Dunn eluded to, “We’re not getting better… We’re getting less bad.” Things to look for that will bring a shift in the economy; investments, inventories, exports, housing, consumer spending, and the labor market.
Reform: Be the change you want to see in the world. We can make a difference, take the time to understand our choices and be more responsible voters. Learn more about water reform, transportation, unnecessary state regulatory boards and government waste. Seriously? A Blueberry Commission?
Resilience: Orange County is still a great place to be, and with a commitment to the vitality of the community, we’re going to make the tough choices necessary to get through this downturn. Watch for key indicators, but don’t be paralyzed.
Bottom line, as Ms. Dunn closed, “We are an innovative people, an optimistic people.” Sleep tight knowing, the American dream is alive and well.
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