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

To: John Vosilla who wrote (102771)	10/5/2011 6:47:00 PM
From: tejek	Read Replies (1) \| Respond to of 149317

'I am glad that Obama didn't wind them down faster. Forget the logistics of winding down wars too quickly........the faster he would have gone, the more people who would have been unemployed or underemployed. At least for a couple of years, army families were receiving an income and having a roof over their heads.' Think of what the pullback did the last time defense contractors retrenched in SoCal in the early 1990's and magnify that impact by an unquantified multiple maybe 20-50 fold impacting many other markets.. I lived the LA recession in the early 90s. It was horrific. For LA, it was worse than the 2008 recession. For instance DC and Seattle were sort of spared compared to our housing induced depression in many other areas and will take a bigger hit than FL when huge defense cuts are made.. Part of the grand plan is don't take all the hits at one time. Seattle wasn't spared. The median housing price here has dropped by more than a third since 2008. It isn't as bad as FL but its still bad. I do think DC got through it pretty much unscathed. Same with Manhattan.