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« Evaluating GE in the light it deserves | Main | A good ol’ fashion witch hunt »

April 26, 2010

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Steve Cody

Ed, I'm confused. Last month you blogged about barreling through upstate New York and lamenting the depressed state of the local economy. Now, a month later, you're positively beaming about your fellow cruisemates living it up. What's up with that?

Ed Moed

We’re talking about two completely different demographics (lower middle class/poor versus upper middle class). I don’t see the economy getting any better for the lower classes in upstate NY anytime soon. But, times change quickly. Sometimes, all it takes is a few months for our perception of the economy to go from ok to terrible, or terrible to ok.

BomberpeteNY

It sounds like a nice occasion, Ed. Many congratulations to your parents on their 50th.

Steve, Ed's got it right on both counts. Reasonably comfortable middle-class families who watched their pennies in 2009, have work and stayed out of debt are now spending on a little on luxuries like a cruise. That has nothing to do with the miserable lack of opportunities in NY State counties like Delaware, Chenango or Greene. Or, for that matter, Wayne County, Michigan. Nothing has replaced the job erosion these areas have suffered over the last 40-plus years, nor should the current recovery -- if it's real -- have any impact either.

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