Economy & Recession Will Dominate Obama’s Denver Visit

DENVER (CBS4) – President Obama will be in Denver next week to push his plan for creating jobs. He’ll be at Lincoln High School on Tuesday as part of a Western state swing. He’ll also spend some of his time in the West fundraising.

The economy and recession worries will dominate his visit.

The Federal Reserve has now signaled the economy could stay in a slump for years, and for many people it feels as if America is already in another recession.

The economic landscape is bleak, but some Coloradans still see a glass half full. Who opens a new business in this economy? Meet Daniel Louis, the owner of Revampt in Denver. Forty percent of people say they’ve cut back on spending in the last two months. Still, Louis, 26, decided to throw caution and all the economic indicators to the wind and open a store with products made entirely of recycled materials.

“We’re staying afloat,” Louis said.

It’s a good sign — and it’s not the only one. Hannah Mullen is among a growing number of first-time home buyers. Sales in the metro Denver jumped to nearly 4,000 last month — an increase of 3.5 percent over July and 29 percent over a year ago.

“I’m definitely seeing more confidence and excitement from home buyers right now,” realtor Aaron Lebovic said.

Lebovic says home prices are finally stabilizing and interest rates are at a record low. For Mullen, owning costs less than renting, but her husband needed a little convincing.

“I told him it’s just time; all signs were pointing to it,” Mullen said.

It may be hard to find signs of hope with all the dark clouds building, but they’re there.

“It’s definitely hard times and I think if everyone does their part to get out of that, we can do it,” Louis said.

Louis’ store is one of three new ones to open in Cherry Creek in just the last six months.

  • Auth

    In radio, they will broadcast live if they can ulaefclry control everything that might go over the air so if you just have one DJ playing records , that one DJ knows what they’re not allowed to say (thanks for your help, Mr. Carlin) and that can go live. If they have call-in guests (or even some live guests) they go to delay, which is not live .Now, networks newscasts are generally produced in a studio but local news LOVES to go live to the field to cover things but if some dude streaks your live remote, you pay $500,000: how many live remotes will you be doing? The morning news programs like to go out on the street they often pan across the fans who’ve come down to the studio with their signs some chick flashes the camera as it pans, it costs you $500,000: how many live shots of the fans will you be broadcasting? During sports coverage, they often show shots of the crowd during breaks in the action some dude wants to show you more of his team-color paint job than the FCC allows, $500,000. Would you still broadcast the game live? Heck, you get some nutty halftime entertainment who you get the idea.TV stations will squawk about a $5,000 fine, but they’ll pay it. Make the states $500,000, and they’ll have to change the way they operate.

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