We’ve all felt the pangs of Sacramento’s economic downturn, from some people losing jobs to others finding it more difficult every day to get one, and the more unfortunate circumstance of many even losing their businesses or homes. But how much longer is it expected to last, and is this the worst of it?
The Sacramento Press asked people in Capitol Park their thoughts on whether Sacramento is in a recession or a depression.
Capitol area resident, 55-year-old Diana Williams, program technician for the Department of Health, said she sees both:
“The reason for it is that I’ve been on the service (for the State) a little while, and I’ve experienced difficulties in politics where it’s influenced, as a state worker, our income, our self-worth. Not only just a state worker just being as a neighbor, listening to other people, the negativity that’s going on in California, people not handling the books right and what have you,” Williams said.
“I think we’re in a recession because you can see it around you. Starting with income – we don’t have the money to take care of business anymore – people are losing homes … It started with businesses – when they started closing. When we (saw) that, then it started affecting our homes. It’s a recession, and we’re depressed because we can’t enjoy what we worked for.”
Lindsay Landis, a 30-year-old dental hygienist who lives in El Dorado Hills, attributed the problem to the city’s job market.
“So I’m not an economist, but I’d say Sacramento is definitely recessed and close to depressed,” she said. “
I think jobs are tough. The job market’s tough. I think people are definitely feeling stretched, and it’s a tough economy.”
Stockton resident Mike Ellis, a 28-year-old state worker in the Secretary of State’s office, had a similar view:
“I would say recession. (Employment) rates are low. I wouldn’t say depression, I mean, people are still getting jobs, but it’s just not as frequent as people would like – how they used to be.”
“With all the restaurants here closing daily, I think we’re definitely in a recession,” said 58-year-old Robert Gonzalez of Loomis.
“You see a lot of businesses that are just going under, and you see the people staying inside bringing their lunches to work, and these restaurants are just going by the wayside,” he said.
Gonzalez, a contractor for the Employment Development Department, said that local businesses are one of the many who are affected by the economic downturn the most.
“And that’s just a small microcosm of what’s happening around here, but I think it’s a good indicator, so, that’s my answer to that,” he added.
Bianca Aguilar, a 22-year-old student from Midtown, said she would call it a recession “because I feel like some businesses are thriving while others have gone down or even have gone out of business because of the economic state we’re in.”
Natomas resident Monique Tovar, 24, an accountant for Dome Printing, also went with recession:
“I feel as though we’re likely more to recover from this as long as we’re able to get people to stop buying things they can’t afford and if the state can come up with a budget, so I believe we’re in a recession.”
Laolee Xiong, 29-year-old pocket area resident and training coordinator for the California Department of Finance, said, “It depends on how you define it. I think that it’s in a depression. It’s not really going backwards, I think it’s just kind of stagnated from what it used to be. But it’s not really going backwards in my personal opinion.”
What do you think, is Sacramento in a recession or a depression? Tell us in the comment section below.