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GOLIS: Riding the slow road to recovery

The Redwood Empire Food Bank last month provided food for 78,000 people in need, Staff Writer Guy Kovner reported. The number represents an increase of 8,000 people over October 2009.

The U.S. economy began to grow again in the summer of 2009, ostensibly signaling the end of the longest recession since the Great Depression.

Just don't tell the 78,000 hometown residents who don't have enough money to feed themselves and their families..

From hard experience, we have learned this recovery is going to take a long time. We've also learned that jobs and economic development are no longer an abstraction, no longer just a slogan on a chamber of commerce brochure.

People are still hurting, and the drumbeat of bad news continues. The unemployment rate in Sonoma County lingers at 10.2 percent. Lenders have foreclosed on 1,500 homes this year, and countless folks are upside-down in their houses, meaning they owe more than their homes are worth.

Ursuline High School, a local institution for 130 years, announced last week it is closing its doors at the end of the school year.

And tax revenues continue to fall, devastating government services. Budget experts last week said the state deficit is twice as large as was previously feared. Facing a $350 million shortfall, a regional transit agency scaled back its plans, only two years after promising voters what it can no longer deliver. Local school officials began planning for the latest rounds of program reductions. They're not cutting into bone anymore; they're removing arms and legs.

What the hell is going on here?

The economy of Sonoma County "is a microcosm of California and of the United States," explained Robert Eyler, chairman of the Economics Department at Sonoma State University and director of the Center for Regional Economic Analysis.

Eyler talked about finances, labor and goods. When financial markets failed, people stopped using debt, jobs disappeared, buying stopped and consumer confidence went away.


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