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  • Ohioblog: A Swing State Journal

    Thursday, October 21, 2004

    It takes stinkers to make a stinking economy 

    When Sen. John Edwards, the Democratic vice presidential candidate, visited Canton on Wednesday, he met with workers from Timken who are in danger of losing their jobs and those from Hoover who have lost theirs. (Laid off is an inaccurate euphemism when applied to the Hoover's to the more than 500 Hoover salaried workers whose jobs parent Maytag integrated into its Iowa operations. The workers were terminated.) Safety concerns Ohioans as Election Day nears, but the economy is more an issue here than elsewhere, and it should be. The
    Plain Dealer's
    Alison Grant explains the data - stagnated per capita income, falling home prices and lousy gross state product growth - that supports our feeling Ohio is going nowhere, having lost 263,507 jobs (five percent of the state's total) from 2000 through the first quarter of 2004, which is one third of the 710,000 jobs lost nationwide.

    And the worst part about Ohio's economy? Even when it has a chance to move ahead, its companies too often blow it. Diebold Inc., the Green company that makes ATMs and security products, had the opportunity to score big profits in electronic voting but it failed to anticipate the market demand for backup printouts (hey, don't your ATMs spit out receipts?). ``We've suffered severely in '04, as everyone
    knows,'' Diebold chairman and CEO Walden O'Dell told investors in a conference call. ``Mistakes were made.'' Really?

    posted by Ohioblog: A Swing State Journal at 10:43 AM

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