Silicon Valley Index suggests economic recovery | February 18, 2011 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - February 18, 2011

Silicon Valley Index suggests economic recovery

But massive layoffs, tough choices loom for public sector, report says

by Chris Kenrick

From more jobs to more IPOs, an economic recovery is stirring in Silicon Valley's private sector, according to an annual snapshot of the region's economic and social health.

This story contains 739 words.

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Staff Writer Chris Kenrick can be e-mailed at


Posted by thank you, a resident of College Terrace
on Feb 14, 2011 at 8:37 pm

Thank you for your hard work, Mr. President.

Posted by Charlie, a resident of Barron Park
on Feb 14, 2011 at 10:05 pm

It's just telling us the GAP is even wider. Like housing, the good area are getting higher offer and the "bad" area are having double dip in home values.

Posted by Ed, a resident of Menlo Park
on Feb 14, 2011 at 10:37 pm

I can only assume the comment by "thank you" regarding the President is meant as a sarcastic jab. The implicit point is that if only there had been a different leader in place, our economic conditions wouldn't be in this sorry state.

The only thing I can't figure out is -- does "thank you" really mean President Obama, or President Bush? It wasn't specified, but after all either one of them could be the target of such sarcasm. However, I am betting this was aimed at the current President, despite the fact that the economy was falling off the table before he ever took office.

The funny thing is how many conservatives who vehemently oppose the President at the same time vilify him for failing to "fix" the economy within less 2 years, as if that would have magically happened if John McCain had won the election. Or perhaps some mythical conservative leader who would have saved the country by letting GM fail and even more millions of unemployed go out on the street due to the ripple effects.

Posted by Steve C, a resident of Menlo Park
on Feb 15, 2011 at 12:21 pm

I question how much this will help the people who are hurting the most economically. Good for the twenty-somethings and wealthy investors, same old same old for everyone else.

Posted by Lisa, a resident of Old Palo Alto
on Feb 16, 2011 at 7:25 am

Dear Thank You

People don't realize that the seeds of the national debt were laid by Reagan. In 1980, the debt was about $1Trillion. Reagan spent money of defense, cut taxes.

Guess what - national debt went to $5T, decreased under Clinton - and actually a surplus, then BushII ran it up again, by cutting taxes and having wars that were not paid for. So no wonder. Get real people.

Posted by Steve C, a resident of Menlo Park
on Feb 16, 2011 at 7:57 am

The deficit is not the only problem that can be laid at Reagan's feet. The whole de-regulation fiasco began with Reagan as well, planting the seeds for the greatest financial debacle this country has ever seen. Reagan was the Prince of Economic Darkness.