Economic outlook perilous for WNC

Economic outlook perilous for WNC

There are 14 comments on the Asheville Citizen-Times story from Jan 11, 2008, titled Economic outlook perilous for WNC. In it, Asheville Citizen-Times reports that:

Despite positive growth in November 2007, Western North Carolina's economic outlook for 2008 remains weak, according to Todd Cherry, co-author of the WNC Economic Index and Report.

Join the discussion below, or Read more at Asheville Citizen-Times.


Nebo, NC

#1 Jan 11, 2008
Well, that's a weak article

Boiling Springs, SC

#2 Jan 11, 2008
Will the media please quit reporting stuff like this? I largely blame the media for how bad the economy has gotten. And several other people I talked to have agreed. People read bad news like this and then they get scared to spend anything. When they don't spend, it weakens the economy further.
BS Detector


#3 Jan 11, 2008
Beep, beep, beep. Mr Detector is comforted to know that Professor Cherry is gainfully employed at the taxpayer expense, busily(?) informing the less educated populace about that which they already knew. Otherwise, he might be contributing to the historically low employment figures for WNC, which would certainly constitute another economic stinky pile. Not only that, he may have to get a real job and actually work for a living.
ron in waynesville

Asheville, NC

#4 Jan 11, 2008
Since the mad rush to fair trade to appease the Wal-Marts, K-marts and Targets etc. We have deindustrialized our nation, the future of our economics is all down hill. I was amazed that the politicians in Washington realized we could not fight a war without steel and brouught the industry back from its death throes.

Asheville, NC

#5 Jan 11, 2008
Please save us from an economic recession, Florida retirees!! We need you!!

Taylorsville, NC

#6 Jan 11, 2008
WNC will always have a perilous economic outlook so long as the employment base is dependent on the retail and service sectors. Those are the least-paying parts of any economy and, compounding that, they rely on the disposable income of others.
No More Yners

Eddyville, KY

#7 Jan 11, 2008
Wouldn't the economic outlook for the entire country be described as "perilous"? It doesn't take a genius to figure that out.

Smyrna, GA

#8 Jan 11, 2008
We close down all our manufacturing plants and move them to Mexico, Singapore, Europe, etc., because the corporations can pay the workers a fraction of what they pay Americans. They save money, thus their bottom lines are improved. but what does that do for anyone other than the stock holders and the company heads? So, "buy stock" is the answer? How can anyone afford to buy the kind of stock that would give them the returns these companies get when they're just barely existing on the wages they receive working the jobs that are still available? Farming is gone, thanks to the large co-ops. Industry has gone, thanks to NAFTA, etc. What's left? Sell all the mountain land and pocket what's left after the real estate agents and taxes take their cut? When all the land is sold, what's left? I love WNC and wish I could live there, but economically, that's an impossibility. When are we going to wake up and realize that neither industry nor the government care about the common people. They are ultimately both concerned only about what lines their pockets. I guess it's time to go back to living off the land - growing and making what you need to exist. That is, if you haven't sold your land.
Joe Schmo

Maxton, NC

#9 Jan 11, 2008
George, you can blame NAFTA if you choose but all corporations will work to maximize their profits. That mean moving to cheaper workers, thats natural.
If an area / country cannot adjust to the loss of manufacturing then it will struggle. That the way it always has been and always will be.

Asheville / WNC, has always been somewhat immune to the big highs and big lows of the economy. The reason is because of the hated service and tourism based economy. If you look at the numbers we are much more stable then most areas. You can whine about manufacturing all you want but their are areas that have lost alot more than WNC.

Since: Feb 07

Asheville, NC

#10 Jan 11, 2008
leonard sircey

Raleigh, NC

#11 Jan 11, 2008
Try selling a house in Wonderful Western NC during this economic down turn which is really a full blown recession. Yes the media, including this rag only fuels it. When will the madness end?

Asheville, NC

#12 Jan 11, 2008
The madness wont end until Wonderful Western NC becomes as ugly as Florida. At that point, the second home crowd will move on to new frontiers leaving our mountains forever scarred.
Joe Schmo

Maxton, NC

#13 Jan 11, 2008
What a bunch of whiners, home sales are tough all over not just here.

Jessica, not sure what you want but complaining does nothing. Also, ask a Cherokee about "your" mountains being scarred. Ask a Canton person if Champion has been scarring their town for decades. Plenty of scarring has been going on for a lot longer than you think.

Taylorsville, NC

#14 Jan 11, 2008
leonard sircey wrote:
Try selling a house in Wonderful Western NC during this economic down turn which is really a full blown recession. Yes the media, including this rag only fuels it. When will the madness end?
just wait a little while and, as it always does, the housing market will turn around and you'll be able to sell at a more favorable price. There is nothing unique about what's going on, other than banks lending mortgage money to people who were not in a position to make the payments.
The economy is cyclical; always has been and no elected official can change that.

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