Recession Reality Check: Boxer Preps for Obama
Welcome to California. We lost 100,000 jobs this past year, unemployment has hit a 14-year record at 8.3 percent (8.9 in LA County) and around 189,000 homes were lost to foreclosure in the first three quarters of 2008. That's why Senator Barbara Boxer released a report today--entitled "The Realities of Recession in California"--that has the results of interviews with every county in the state and a group of select cities.
"This report is a reality check on the economy--things are not good, but change is coming," Boxer said in an e-mail newsletter. "I am going to focus like a laser beam on saving and creating jobs, which is the backbone of any economy."
All this builds up to working with Congress and President-Elect Barack Obama. “As a former County Supervisor, I know that our local officials are on the front lines of this recession," she said in the report. "The information they have provided is so important to me as I begin to work with this new Administration to address our economic challenges and promote growth and stability throughout our State.”
The reports for LA County and City of Los Angeles are below.