Well that wasn’t too bad, was it, Northeast Ohio? Now that we’ve totally kicked the Great Recession’s ass, it’s time to compete for who has the bragging rights to best recovery. You’ll be happy to know, Cleveland is in the top 10 for bounce-back, according to the bow-tied and bespectacled Brookings Institute and London School of Economics.
This article appears in Nov 24-30, 2010.
No wonder they want to raise the sewer rates, pay for garbage pick up, bail out more corrupt Democrats and pay for them to go to Las Vegas, were all rolling in dough !!!
COUGH COUGH that Steel Mill dust and all the factories smog is making me choke, better head to the nearest bar for a beer and a cigarette.
When a city like Cleveland is at the bottom of the list under normal times, any slight uptick will skew the data. It like comparing 2 race cars. One is doing 10 MPH but moves up to 11 MPH. Well thats a 1 MPH increase but a 10% gain. Whereas, the other race car is moving at 100 mph and moves up to 105 MPH. Well thats a 5 MPH increase but only a 5% gain.
Would love to see the data used. When a city like Cleveland is at the bottom of the economic scale in normal times, then a slight uptick now can easily skew the data.
Its like comparing 2 cars:
Car “A” is doing 10 MPH and increases the speed to 11 MPH. Thats a 1 MPH gain but a whopping 10% increase.
Car “B” on the other hand is doing 100 MPH and increases the speed to 105 MPH. Thats a 5 MPH gain but only a 5% increase.