Valdosta Daily Times

What We Think

February 17, 2012

Optimistic realism

VALDOSTA — While experts initially predicted a quick recovery from the economic downturn, and many locally insisted that Valdosta was recession-proof, events in recent years have shown that not to be the case.

This region has suffered as much as any in the country with job losses, closed businesses, lack of industry growth and the disappointing housing market. Foreclosures remain high, new home sales remain low, and the expected recovery hasn’t yet materialized.

Speakers Thursday at the Valdosta-Lowndes County Chamber of Commerce breakfast shared their insight into the current and future economic landscapes, most of which centered on issues overseas and with oil prices. Hitting closer to home with a valid concern was a local VSU professor, who rightly assessed the need to help protect the thousands of jobs at Moody AFB in light of Congressional talk of budget cuts and another round of base closures.

While growth has come in spurts to the area, it’s not been sustained and has not produced the volume of jobs needed to offset the losses. But that doesn’t mean the outlook is all doom and gloom. The region still has some very strong industry segments which are growing, albeit slowly, and there are signs that a recovery may not be far away.

Optimism tinged with realism is perhaps the best way to approach the immediate future, but the days of high growth and low unemployment may not return for some time.

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What We Think
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