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Alaska Air Group, Inc. Message Board

  • westervillekid westervillekid Dec 6, 2012 12:56 PM Flag

    Fiscal Cliff-


    Inaction on the fiscal cliff, will be devastating to many sections of the economy. Food stamps will increase across the country. Oregon now has 18.9% of its population on food stamps. The number of people filing for disability social security has now increaased to 3.2 million vs 2008's 2.8 million. The cuts in military spending will hit aerospace hard. The 19,000 aerospace engineers in southern California will be a major area to be hit; but the impact will be more felt in Washington state with 7,000 aerospace engineers due to smaller work base comparison. City bankruptcies will increase with Detroit being the first major city to go bankrupt; but the expectation that more smaller cities in Calif, RI & other regions will increase. Dock employment may decrease if the dollar keeps on falling with fewer imports. Exports will incrase but not enough to offset the loss of imports. The mood of the public to reduce debt with more savings is incrasing---down 13% of deleveraging since the on set of the Great Recession. The cuts from the fiscal cliff will extend into areas that many people are not talking-including funds for native indian tribes. In short, the fiscal cliff will affect air traffic especially passenger traffic.

    Sentiment: Hold

    This topic is deleted.
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