Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (45278)	11/20/2008 5:20:33 PM
From: tejek	Respond to of 149317

yeah you're right. That 3 million number was all over the news here in the 2002 timeframe but it was Seattle metro area, AND Silicon valley AND boston metro that lost 3 million jobs, or roughtly one million per region which is closer to correct.< I was in LA when it lost 1.5 million jobs in the early 90s and it was a total disaster. People could not sell their homes, commercial real estate fell apart, there was a huge drop in the population et al. Had there not been an earthquake and the flooding of fed money into the metro area, LA wouldn't have recovered until at least 2000. And LA is far more resilient than Michigan.