Urban Acupuncture: How the Economic Stimulus Could Turn Out in LA
"Let's not forget the local perspective when talking national policies," LA City Council President Eric Garcetti said last night in a telephone press conference about the federal stimulus package going through Washington D.C. right now. "The economic recovery isn't going to happen in Washington, it's going to happen on our streets."Garcetti, a progressive democrat who served as Barack Obama's Co-Chair for California, is running for reelection to City Council on March 3rd. Although he's seen as a shoe-in, last night's campaign phone call, mostly with bloggers with state and nationally focused websites, let him describe the situation and what is hopefully to come.
"We've seen a full scale abandonent in cities during Bush era," he said. "It left our cities decimated in tougher areas... Our cities have to be the engines of economic recovery."
Garcetti, who fears that the number of foreclosures could double overnight, is concerned because cities are at the front lines when it comes to unemployment. For example, it's not about the big picture, but what effects one foreclosure can do to one street: banks may try to evict tenants leaving them homeless, blight ensues and crime can go up. "Everyone collectively so much loses so much more," he said.