Rolf Boone reports in The Olympian today:
“Thurston County consumer confidence plunged in the third quarter, falling to one of its lowest levels since the economic meltdown of fall 2008, according to a quarterly study released by Saint Martins University and the Thurston County Economic Development Council.”
“Driving the third-quarter confidence data lower were concerns about the economy, the current election cycle and events in Europe, said Riley Moore, an associate professor of economics at Saint Martins. Moore and students in the schools business program helped compile the vitality index by surveying 2,500 households.”
‘Theres not a lot of optimism that things are turning around anytime soon,’ Moore said.”
“Thurston County home prices have fallen every month through September, according to Northwest Multiple Listing Service data.
The states chief economist, Arun Raha, said fear and uncertainty are the two biggest drivers of declining consumer confidence.”
At the time, I thought Michael Cade’s presentation to the Yelm Area Chamber of Commerce Oct. 11th was just hype, at best. Cade is Executive Director of Thurston County Economic Development Council and told the Chamber Forum about Yelm’s “impressive development”, pointing to the recent additions of Goodwill, Les Schwab, Mitre Furniture Gallery and Yelm Medical Plaza, and a new credit union under construction.
While Cade spoke of Thurston County’s labor competitiveness, he made no mention of Yelm’s issues:
– increasing home foreclosures here
– continuing property assessment decreases causing upside-down mortgages
– the economic challenges facing our locally-owned businesses
– the concerns if up-coming levies for the Fire District & Yelm Community Schools do not pass.
I acknowledge and welcome the 4 new businesses to town that Cade mentioned, however to not address our local issues and now Thurston County consumer confidence plunging, is disingenuous at best in not telling the full-story.
And our Yelm Chamber members, headed by Board Chair Mayor Harding, did nothing to question Cade on his presentation.
A polite ovation is not good enough!
By omitting key local issues, where did Cade’s presentation support the Yelm Chamber’s Mission?
“The Yelm Area Chamber of Commerce supports our local businesses by promoting economic development, community involvement and government connectivity.”
And out today, Wal-Mart has announced “it is cutting health benefits for part-time workers and raising premiums for many of its full-time staff.”
How is this news going to affect our friends and neighbors who staff Yelm’s Super Wal-Mart, who took jobs there thinking they would get good benefits for their future?
Read more from the New York Times.
WE HAVE PEOPLE HURTING OUR HERE IN THE YELM AREA!
WHEN ARE OUR MAYOR & CITY COUNCIL GOING TO RECOGNIZE THIS AS FACT BY THE INCREASING CRIME, THEFTS & BURGLARIES PLUS THE LACK OF CONSUMER CONFIDENCE.
AGAIN, I CALL ON MAYOR HARDING & THE CITY COUNCIL TO CALL A TOWN FORUM TO BRING ALL OF OUR CITIZENS’ CONCERNS AND ISSUES OUT IN THE OPEN TO BE AWARE OF AND HELP OUR NEIGHBORS!
GLOSSING THIS OVER WITH HALF-TRUTHS IN FANCY PRESENTATIONS IS NOT WORKING!
PERHAPS THE OCCUPY OLYMPIA MOVEMENT WILL EXPAND TO ‘OCCUPY YELM’ FOR A WAKE-UP CALL HERE.
IF SO, YELM COUNCIL’S MORATORIUM ON CERTAIN PUBLIC COMMENTS WOULD FINALLY BE CAST ASUNDER !!!!!!